Thursday, October 15, 2020
Ryanair cuts one in three winter flights and warns of more job losses
Reductions extended to 2021 as chief executive rails at government ‘mismanagement’
Ryanair is cutting the number of its winter flights by a third because of Covid air travel restrictions across the EU and has warned of further job losses as passenger numbers plummet.
The airline previously cut the number of flights in October to around 40% of normal levels, but is now extending the reduction through November to March, down from the 60% previously planned. It is still hoping to keep its planes 70% full, in order to break even and “minimise cash burn”. Continue reading...