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."
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It will be a breezy start, with clouds arriving around lunchtime. The afternoon will be sunny with showers.
Tuesday will start dry and bright with lighter winds, before cloud thickens bringing some outbreaks of rain through the afternoon.
The day's gusts will ease as the evening goes on. It will be mostly dry with cloud cover but occasional clear spells.