In a statement the airline said it "sincerely apologizes" to affected passengers, although 95% of flights are operating as normal.
The airline blamed an industry-wide shortage of pilots, Easter holidays and base restructuring for the cancellations.
"We have already identified several mitigation actions and will be issuing further updates throughout the day," reads the statement.
"All those affected have been emailed and advised they can re-book for travel on an alternative flight or apply for a full refund."
Ten Flybe flights serving Belfast City Airport were canceled and Birmingham, Leeds Bradford, Aberdeen and East Midlands were also affected, according to the UK's Press Association news agency.
Flybe is an independent regional airline based in England which operates more than 158,000 flights per year.
It is the largest independent airline in Europe, carrying 8 million passengers per year on 210 routes across 15 countries.
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