Ryanair to cut 3,000 pilots and cabin crew, and slash pay over Covid-19.
https://www.irishtimes.com/business/...d-19-1.4242639
Quote:
Ryanair has said it plans to cut 3,000 mainly pilot and cabin crew jobs, implement pay cuts of up to 20 per cent, and close a number of aircraft bases across Europe as it continues to grapple with the effect of the Covid-19 pandemic on its business.
The airline said the grounding of all flights from mid-March until at least July, as well as the “distorted state aid landscape in Europe”, meant the recovery of passenger demand and pricing will take at least two years, until summer 2022 “at the earliest”.
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(Mods feel free to put it in its own thread if you want to but perhaps a change in thread title might be better.)