Struggling airline business Flybe has announced another round of cost-cutting measures including axing another 500 jobs.
The Exeter-based carrier’s new chief executive, Saad Hammad, will also review unprofitable routes and bases and improve aircraft and crew utilisation. The measures are expected to save the airline £26m a year from next year, on top of previous initiatives to save £40m this year and £45m in 2014/15.
Flybe employs around 2,700 people, with some 650 staff having left the business since last January. Hammad said: “We are going to shrink to grow. Without these proposed cuts we cannot be viable.”
The British Airline Pilots’ Association said it was shocked by the announcement and called on the Government to play its part by reducing the impact of Air Passenger Duty.