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divdiv class=story-body readability=23 span class=story-date#13; span class=date11 November 2013/span#13; span class=time-textLast updated at /spanspan class=time02:56 ET/span#13; #13; /span#13; #13; #13; #13; #13; #13; #13; #13; #13; p class=introduction id=story_continues_1Flybe, the Exeter-based airline, has announced plans to cut 500 jobs across the business, despite reporting a return to profit./p#13; pPre-tax profits were £13.8m for the six months to 30 September, compared with a loss of £1.6m a year earlier./p#13; pThe company said its turnaround plan was on track to make £40m of savings this year and £45m in 2014-15./p#13; pBut the pilot's union, Balpa, said it was shocked by the decision to cut jobs. Flybe employs 600 pilots./p#13; pFlybe chief executive Saad Hammad said: The business needed action now and so today we are explaining our next phase which encompasses a review of everything we do and how we do it./p#13; pUnfortunately there is a proposal for further redundancies. We will consult with the trade unions and employees to ensure that this is done fairly and delivers the right outcome for the business./p#13; pGroup revenues rose to £351.1m in the six months, up from £340.8m in the same period last year./p#13; pFlybe reduced its workforce by 490 in 2012-13, with a further 100 leaving in the first half of 2013-14./p#13; pIt now has 96 aircraft in its fleet, with 28 belonging to Flybe Finland, its joint venture with Finnish Air./p#13; pPassenger numbers increased 5.6% to 4.3 million in the first half of the year./p#13; pMr Hammad, who joined the company in August, said the economic outlook remains challenging. /p#13; /div/divbrbrcentera href=http://www.wizardrss.comPowered By WizardRSS.com/a | a href=http://www.wizardrss.comFull Text RSS Feed/a | a href=http://www.amazon.com/RFID-Blocking-Cards-Identity-Protector/dp/B00CJHZLEWRFID/a | a href=http://www.wpzonbuilder.comAmazon Affiliate/a/center