Regional airline giant Flybe is reported to be in rescue talks amid a potential collapse, which could put around 2,000 jobs in jeopardy.
The company, Europe's largest regional airline, operates from airports all over the 海角视频, serving up more 海角视频 domestic flights than any other.
Sky News has reported that crunch talks have been taking place after suffering rising losses.
It reported that Flybe has been holding talks with the Department for Business, Energy and Industrial Strategy and the Department for Transport (DfT) on whether the government could provide or facilitate any emergency financing for the company.
Flybe has been hit by a series of problems, including falling demand, rising fuel costs and the weakening of the pound.
Flights were operating as usual this morning, Monday January 13, and a Flybe spokeswoman said: "Flybe continues to focus on providing great service and connectivity for our customers, to ensure that they can continue to travel as planned.
"We don't comment on rumour or speculation."
Meanwhile, Brian Strutton, general secretary of pilots' union Balpa, said he was
"appalled" that the future of a major 海角视频 airline and hundreds of jobs was being discussed in secret, with no input from employees or their representatives.
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He said: "According to reports, the airline could have collapsed over the weekend which would have been devastating news.
"This is an appalling state of affairs and we demand that the owners of Flybe - Virgin, Stobart and Cyrus - and the Government departments involved stop hiding and talk to us about Flybe.
"We have a right to be consulted and the staff have a right to know what is going on."
Last week Flybe said it would 'potentially' be making redundancies at its headquarters in Exeter .
If it collapses, Flybe will be the second 海角视频 airline to fail in four months, following the demise of Thomas Cook.
MPs on the BEIS select committee were scathing of the department for its handling of Thomas Cook's demise.
Spokesmen for the two Government departments said to be in talks with Flybe issued identical statements, saying: "We do not comment on speculation or the financial affairs of private companies."
Cardiff Airport said Flybe operations are running "as normal".
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Spencer Birns, chief commercial officer at the Rhoose airport, said: “Flybe operations into and out of Cardiff are operating as normal - we understand that there are no disruptions to scheduled services across any of their 海角视频 network.
"Our customers are our primary focus, and we will endeavour to keep them fully updated. We advise any customers with enquiries regarding their travel to contact the airline directly."
Flybe flies 8.5 million passengers each year to 170 European destinations.
The Exeter-based firm currently operates a number of domestic routes in Britain between cities which are connected by direct trains, such as Manchester-Glasgow, Birmingham-Edinburgh, Exeter-Manchester and Exeter-London City.
Last February, the airline was bought by a consortium led by Virgin Atlantic following poor financial results.
Connect Airways, which consists of Virgin Atlantic, Stobart Air and Cyrus Capital, paid £2.2 million for Flybe's assets and operations.
Flybe completed the sale of its assets to the group in the deal worth only 1p per share.
The airline began as Jersey European Airways in 1979, operating regional flights from Jersey.
Its route network grew and it was rebranded British European in 2000, before becoming Flybe in 2002.
Humberside Airport-based Eastern Airways operates a franchise model with Flybe on several Scottish routes.