Flybe set to cut 500 more jobs

Tabnabs

Flybe has warned that it plans to axe another 500 jobs in the latest round of cost- cutting at the struggling UK regional airline business.

The 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 sterling a year from next year, on top of previous initiatives to save £40m this year and £45m in 2014/15.

"This will require tough decisions to be taken over the coming months and, regrettably, this proposal may result in the loss of around 500 jobs spread across the business," the company said.

I'm really hoping they don't axe the Dub to Sou route

BuffyBot

I really wonder how much longer they can hobble on for.

I can't see a future for them without serious shrinkage - possibly even more than they have done so already.

Shamrock231

Tabnabs wrote: »

I'm really hoping they don't axe the Dub to Sou route

If they did I'd imagine EI Regional would take over it and run it instead.

donvito99

And to think they might have been running Aer Lingus.

Tenger

donvito99 wrote: »

And to think they might have been running Aer Lingus.

Pocketing the bribe from Ryanair more likely than 'running' the 40% of Aer Lingus they were willing to take.

basill

"Remedies" package. Makes your eyes water. Got to love the financial advisor that came up with that brainwave.

Growler!!!

I was talking to 2 f/o's from the company yesterday. They say 150 pilots are to be made redundant, no news yet as to who and on what fleet.

I've noticed a couple of flybe's dashes painted up and operating for Brussels airlines over the last few weeks.

BuffyBot

They've had the Brussels contract for a while now.

Growler!!!

That would explain it. Is it a wet lease?

BuffyBot

Growler!!! wrote: »

That would explain it. Is it a wet lease?

Yes it is. 2 years I believe (from May last year)