Ryanair has warned it may axe 3,000 jobs as it wrestles with the devastating impact of coronavirus, which has brought international travel to a virtual halt.
The low-cost carrier, Europe’s largest airline, said it would begin consulting with unions over 3,000 “mainly pilot and cabin crew jobs”. It will also urge some staff to take unpaid leave, and implement pay cuts of up to 20pc, while planning the closure of a number of aircraft bases across Europe.
Ryanair expects to report a net loss of €100m for the three months to the end of June, with traffic collapsing by 99.5pc compared to the same period a year ago.
Get the latest headlines: https://www.telegraph.co.uk/business/2020/05/01/ryanair-weighs-3000-job-cuts-crisis-bites/?WT.mc_id=tmg_youtube_offsite_televideo&utm_source=tmgoff&utm_medium=tmg_youtube&utm_content=offsite_televideo&utm_campaign=tmg_youtube_offsite_televideo
Telegraph.co.uk and YouTube.com/TelegraphTV are websites of The Telegraph, the UK’s best-selling quality daily newspaper providing news and analysis on UK and world events, business, sport, lifestyle and culture.
In This Story: Ryanair
Ryanair DAC (LON: RYA) is a European Low-cost airline founded in Ireland in 1984. It is headquartered in Swords, Dublin, with its primary operational bases at Dublin and London Stansted airports. It forms the largest part of the Ryanair Holdings family of airlines, and has Ryanair UK, Buzz, and Malta Air as sister airlines.