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Up to 158 staff at low-cost airline bmibaby including 22 at derby's Castle Donington Airport faces losing their jobs under a restructuring programme.
An airport spokesperson said 54 pilot and 82 cabin crew positions at Birmingham, Manchester and Cardiff airports were "at risk of redundancy".
The airline also said it was reducing its number of aircraft from 17 to 12 next year.Managing director Crawford Rix said the industry was experiencing record losses and action had to be taken.
Another 22 management and support positions at the firm's head office at Castle Donington in Derby are also at risk.
The firm said it was too early to say which services would be cut. It also said the restructuring could lead to additional services at East Midlands Airport next year and the creation of 10 pilot and 15 cabin crew positions.
The firm said discussions had been started with staff and union representatives with a view to minimising job losses where possible
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