The soaring tax on domestic airline tickets was blamed by Flybe yesterday for a worsening financial predicament that has prompted it to cut 300 jobs.
Faced with the prospect of dipping ?15 million into the red in the year to March, the short-haul airline has conceded it needs to ?streamline? to survive and is making cuts to employment, aircraft, management, check-in procedures and ground handling.
Jim French, its chairman, said he was ?extremely disappointed? to be shedding a tenth of the airline?s UK staff but added that he had no option, given Europe?s dismal economy and the Government?s steady increases
Source: http://www.thetimes.co.uk/tto/business/industries/transport/article3666061.ece
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