No, of course we do lates to earlies at our base.
In my experience however, I've been rather lucky, I've probably had no more than a dozen occasions in the last couple of years where I've been exposed to the lates-earlies issue.
I have however seen other colleagues face the real brunt of it, particularly skippers.
Your right in what you say about Flybe probably being better suited to low-houred-first-job-out-of-flight-school pilots rather than those with a bit more experience, but maybe Flybe are happy with that? Seems to me that if I left tomorrow, they'd be more than happy to replace me with someone who's costing £4k-£5k a year less. After all, there's an endless stream of low-houred guys desperate for a position in the LHS.
It's a real crossroads here for Flybe I think - these negotiations have to be aimed around whether Flybe wish to be a career airline or continue as they are. My gut feeling is they might make a slight shift towards a career airline (and the package that might go with that) but it probably won't go far enough to convince the masses that will probably end up moving on when opportunities arise.