The Exeter based airline, Flybe says it's cutting 500 posts to cope with what it calls 'challenging times.'
A pilots' union says it's 'shocked' by the news. Flybe is now consulting with unions and staff.
Our Exeter reporter, Richard Lawrence has the story
More top news
After a weekend of heavy rain and high winds, the West Country has been told to brace for another bout of bad weather.
The Environment Agency has issued its highest flood warning for Portreath - saying that lives are at risk in the area.
A weekend of bad weather is due to hit the South West from today (6 February). The Met Office and Environment Agency have issued warnings.