Ryanair boss Michael O’Leary says 3,000 jobs at risk unless pay cuts agreed July 1, 2020 Ryanair boss Michael O’Leary today confirmed that the airline would cut 3,000 jobs if it was not able to agree pay cuts with staff. Speaking to the BBC, O’Leary said: “We’ve already announced about 3,000 job losses but we’re engaged in extensive negotiations with our pilots, our cabin crew and we’re asking them to all [...]
Ryanair boss Michael O’Leary calls on EU to block KLM bailout June 26, 2020 Ryanair boss Michael O’Leary has called on the European Union to block a €3.4bn (£3.1bn) rescue package for the Dutch wing of Air France-KLM. In a statement, O’Leary said: “We call on the European Commission to block this subsidy doping to KLM, which will further reduce competition and consumer choice in the Dutch and French [...]
Ryanair set for net loss as quarantine legal action launches June 12, 2020 Ryanair is on course to book a loss to €200-€300m (£179m-£269m) in this financial year, chief Michael O’Leary has told a Spanish newspaper. Speaking to Expansion, O’Leary added that he expected the budget carrier to return to profitability next year. He said: “Everything will depend on how people will fly between September and March and [...]
Michael O’Leary insists Ryanair will not cancel flights despite quarantine plans June 8, 2020 Ryanair’s chief executive Michael O’Leary has said that the carrier will not cancel flights to and from the UK in light of the new 14-day quarantine rules that came into force today. Speaking to the BBC, O’Leary said insisted flights in July and August would go ahead even if the blanket measures remained in place [...]
Michael O’Leary slams ‘illegal’ Lufthansa state bailout May 26, 2020 Ryanair’s chief executive Michael O’Leary has this afternoon challenged German carrier Lufthansa’s €9bn state bailout, labelling the rescue package ‘illegal’. In a statement, the low-cost airline’s boss said that the aid would enable Lufthansa to engage in below-cost selling which would “massively distort competition”. He said: “Ryanair will appeal [to the European Commission] against this [...]
Ryanair cuts 2021 traffic target again over coronavirus, but boosts profit May 18, 2020 Ryanair has slashed its passenger traffic target by another 20 per cent for 2021 as it recorded a 13 per cent rise in profit after tax for its latest full-year. The budget airline revealed the profit jump today but warned it may pull out of some of Europe’s airports over coronavirus travel bans. Michael O’Leary’s [...]
Ryanair to operate 1,000 flights a day from 1 July May 12, 2020 Ryanair will begin operation 40 per cent of its scheduled flights from 1 July as Europe’s largest low-cost carrier seeks to bounce back from the coronavirus crisis. Subject to travel restrictions, the budget airline will run nearly 1,000 flights a day across 90 per cent of its pre-coronavirus route network. In order to facilitate the [...]
Ryanair flies just 40,000 people in April as demand evaporates May 5, 2020 Europe’s largest low-cost carrier Ryanair revealed that passenger numbers fell 99.6 per cent in April as the coronavirus crisis continued to cripple global aviation. Last month the airline operated 600 flights, a tiny fraction of the 75,500 it had budgeted, and flew just 40,000 people. By contrast, in April last year the airline flew 13.5m [...]
Ryanair set to cut up to 3,000 jobs due to coronavirus May 1, 2020 Budget airline Ryanair has warned that it might cut up to 3,000 jobs due to the ongoing disruption from the coronavirus pandemic. The low-cost carrier said that it would begin a restructuring programme in July 2020, with most of the cuts expected to affect pilots and cabin crew staff. It also said that unpaid leave, [...]
Ryanair will not resume flights if middle seat must be left empty, says Michael O’Leary April 22, 2020 Ryanair will not resume flights if it is forced to leave the middle seats empty in order to comply with social distancing rules, the budget airline’s chief executive Michael O’Leary said. O’Leary reportedly said he believed the company will about 40 per cent of its flights at a capacity of 50 to 60 per cent [...]