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Ryanair says up to 3,000 jobs will be lost in restructuring plan

por Reda Davisson (2020-05-05)


https%3A%2F%2Fi.pinimg.com%2F736x%2F5a%2Ryanair boss Michael O'Leary has today cut up to 3,000 jobs but vowed to refund 25 million out-of-pocket customers - as Heathrow sees a 97 per cent drop in travellers in the last month. 

The airline said a stringent restructuring programme will begin in July, with some 3,000 pilot and cabin jobs under threat. 

Speaking on BBC Radio 4 this morning, under-fire Ryanair Chief executive Michael O'Leary said his stricken airline was facing a backlog of 25 million customer refunds. 

O'Leary, whose £3million salary was slashed by 50 per cent for April and May, has agreed to extend the pay cut for the remainder of the financial year, to March 2021. 

The CEO, who is worth an estimated £3.8 billion, vowed to give all passengers their money back, but warned it could take 'many months'. 

The budget airline added that flights will remain grounded until 'at least July' and ??????? passenger numbers will not return to 2019 levels 'until summer 2022 at the earliest'. 

Unpaid leave and pay could also be slashed by up to 20 per cent, as well as the closure of aircraft bases across Europe.  

The airline industry is facing dire financial problems after passenger numbers plummeted due to travel restrictions imposed amid the ongoing pandemic. 

The number of passengers travelling through Heathrow last month was down by around 97% compared with April 2019, the airport has announced. 

The company also said it would operate less than 1 per cent of its scheduled flights to the end of June. Despite most flights being grounded the budget airline are still operating limited services out of Dublin, London, Manchester, Bristol, Cork and Glasgow. 

This is part of a wider agreement with European governments to keep flight links open for emergency reasons. 






Ryanair's fleet has been grounded since March and will remain so until 'at least July', confirmed CEO Michael O'Leary today 









The airline announced the planned job cuts as it revealed it expects to operate under 1% of its schedule between April and June. Pictured, A Ryanair departures board in terminal one at Dublin airport today














Heathrow recorded an 18.3% year-on-year decline in demand to 14.6 million passengers between January and March, while earnings before tax and interest fell by 22.4% to £315 million.

It comes as the airport's chief executive John Holland-Kaye warned that introducing social distancing at airports is 'physically impossible'.