Flybe to cut 500 jobs despite return to profit..

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Flybe, the Exeter-based airline, has announced plans to cut 500 jobs across the business, despite reporting a return to profit.

Pre-tax profits were £13.8m for the six months to 30 September, compared with a loss of £1.6m a year earlier.

The company said its turnaround plan was on track to make £40m of savings this year and £45m in 2014-15.

More details - http://www.bbc.co.uk/news/business-24895428