Ryanair boss Michael O’Leary said he will be taking a 50% pay cut along with the rest of the airline’s employees, as planes are grounded thanks to coronavirus travel bans.
The pay cut will be for April and May, with the airline re-assessing the situation at the end of it, he added that he could not rule out job cuts later on - with Government help needed to prevent mass lay-offs.
Speaking to the Financial Times, O'Leary said even in the best case there would be two to three months where flights would be grounded thanks to the global outbreak. “Airlines and airports are going to have no customers and no revenues for the next two or three months," O'Leary said. "What we’re clearly trying to avoid — if at all possible because we have to