Ryanair to lay off 3,000, cancel 99% of flights amid coronavirus - Business Insider

The European low-cost airline Ryanair said Friday that it would operate less than 1% of its normal schedule in June and is planning to cut 3,000 jobs, warning that it expects its recovery from the coronavirus to take at least two years.

The airline said it expects to carry fewer than 150,000 passengers from May through July, as travel restrictions and anxieties over the pandemic persist in Europe. It had originally projected 42.4 million passengers during the quarter. Although it said that it expected some demand to resume between July and September, it expected less than half of the 44.6 million passengers it had previously planned for.

In addition to the job cuts, which will mainly affect flight attendants and pilots, the airline is also looking at pay cuts of up to 20%, as well as offering unpaid leaves to some employees and closing bases across Europe. CEO Michael O'Leary has cut his pay by 50%. "When Ryanair returns to meaningful flying from July, the competitive landscape in Europe will be distorted by unprecedented volumes of State Aid from some EU Governments to their 'national' airlines," the company said. "Currently this amounts to over €30 billion."

Why compare yourself with others? No one in the entire world can do a better job of being you than you.

Philippines Philippines Latest News, Philippines Philippines Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

American tenants plan largest rent strike in decades amid coronavirus - Business InsiderTenants in the US are planning the largest rent strike in decades as the coronavirus cuts off more than 30 million people from their incomes Cute how ppl make this into a voluntary 'protest'. No fool, we literally can't pay. The people acting surprised by this are the same ones calling protesters stupid for wanting to go back to work.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Mental health challenges mount amid coronavirus pandemic - Business InsiderPeople are facing grief, anxiety, and depression tied to the coronavirus pandemic, but mental health clinics fear they'll be forced to close.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Photos show schools reopening across globe amid coronavirus pandemic - Business InsiderSchools are closed for 90% of the world's student population due to the coronavirus pandemic, but a handful of countries are beginning to reopen them. This is ridiculous, looks like something out of the movie idiocracy. That is simply ridiculous. The virus spreads in the air, that's like making a virus incubator...
Source: BusinessInsider - 🏆 729. / 51 Read more »

As Trump's approval tanks amid coronavirus, some GOP governors surging - Business InsiderRepublican governors who took coronavirus seriously from the start, and in some cases pushed against Trump, have seen a surge in approval. Ridiculous to think he did not take this serious least in C imposed travel bans and put together a task force immediately. Before any governor acted he acted. This news idea that trump somehow was lazy or an attentive or considered it an important are just wrong.
Source: BusinessInsider - 🏆 729. / 51 Read more »