Exeter based airline Flybe say "tough decisions" are needed in order to save the company £25 million a year from next year.
The new cost cutting measures include the potential loss of 500 jobs and come on top of the airline's previous initiatives to save £40 million this year and £45 million in 2014/15.
They said "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."
More top news
Neha Chaudhry's visa request has been declined by the Home Office after she filled out one piece of information incorrectly.
Light cloud shifting early tomorrow to allow plenty of sunshine and light winds to make it feel like summer across the South West.
Hot temperatures this week, a cloudy start tomorrow morning followed by lots of sunshine in the afternoon and light winds.