RYANAIR has today confirmed that up to 3,000 jobs could be cut while staff face 20 per cent pay cuts and unpaid leave as passenger numbers are set to halve.
The announcement comes as part of Ryanair's financial results published today, which saw the budget carrier post profits of €1,002million.
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But Ryanair warns that next year will be "difficult" due to "uncertainty" over the impact and duration of the Covid-19 pandemic.
Job cuts are currently being consulted on with cabin crew and pilots mostly hit.
Ryanair says it expects to record a loss of over €200million in the first three months of 2021, with a smaller loss expected in the second quarter of the year.
The airline adds that it expects to carry fewer than 80million passengers in 2021 – almost 50 per cent below its original 154million target.
Most of Ryanair's fleet is currently grounded due to the coronavirus crisis and it expects to operate less than 1 per cent of its planned flying schedule between April and June this year.
But it is aiming to restore 40 per cent of flights by July and 60 per cent from August.
Passengers have already been told to expect temperature checks, face coverings and quarantine when flights resume.
Ryanair has also criticised various European governments, which it says has offered £30billion in "unlawful" state aid to airlines including Air France-KLM, Alitalia, Lufthansa Group, Norwegian, and SAS.
The budget carrier says it expects these airlines to offer "significant price discounting", which it says will struggle to compete with.
More to follow…
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