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Ryanair to cut 3,000 jobs amid coronavirus crisis

Michael Oleary crisis travelers Coronavirus
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Ryanair has announced that it plans to cut up to 3,000 jobs across pilots and cabin crew. The budget airline group announced that a restructuring programme could also involve unpaid leave and pay slashed by up to 20%, as well as the closure of "a number of aircraft bases across Europe" until demand for air travel recovers.

Chief executive Michael O'Leary, whose pay was cut by 50% for April and May, has agreed to extend the reduction for the remainder of the financial year to March 2021.Ryanair said its flights will remain grounded until "at least July" and passenger numbers will not return to 2019 levels "until summer 2022 at the earliest".

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