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
Largely dry with some occasional sunshine this afternoon.
A 16-year-old schoolgirl, whose mum died of breast cancer, has raised £2,750 for the charity Hospiscare to thank them for their support.
Although the crime total has dropped by almost a third, high value farm equipment is still top of the thieves lists.