Ryanair will cut 3,000 jobs and ground 99% of flights through June
CNNLondon CNN Business — Ryanair is planning to cut up to 3,000 jobs and operate less than 1% of flights through June after warning that passenger demand and pricing will take at least two years to recover from the coronavirus pandemic. Europe’s largest airline by passenger numbers said in a statement Friday that its restructuring program will begin in July and could result in the loss of as many as 3,000 jobs among pilots and cabin crew, or about 15% of its workforce. Ryanair usually operates low-cost flights to more than 200 destinations mostly in Europe, playing a vital role in supporting smaller regional airports and the continent’s massive tourism industry. “Ryanair now expects the recovery of passenger demand and pricing will take at least two years, until summer 2022 at the earliest,” it said, adding that it expects to report a net loss of over €100 million in the April to June quarter, with more losses to come.