By Daniel Hunter

Airline Flybe have been forced to cut 300 jobs as part of their restructuring programme that is aimed at them returning to profitability in 2013-14.

The Exeter-based airline said the cuts would lower UK staff numbers by 10%, reducing costs by £35 million.

The airline reported a loss of £1.3m in the six months to 30 September, compared with a profit of £14.3m a year earlier.

Flybe said it did not expect "significant" changes to the number of its UK bases or route network, but said it would be reviewing its network.

The job losses will be seen in the Flybe UK business. The airline said consultation with affected staff and their trade unions would start immediately.

"I am extremely disappointed that many valued and hard-working colleagues may have to leave the organisation," said Flybe chairman and chief executive Jim French.

"We will make every effort to minimise the impact and to offer support wherever possible in the transition."

Join us on
Follow @freshbusiness