MADRID (AFP) - Irish no-frills airline Ryanair, which has slashed its flight capacity as a result of the pandemic, said on Thursday (Aug 20) its pilots in Spain had accepted a 20 per cent pay cut to minimise job losses.. Read more at straitstimes.com.
MADRID - Irish no-frills airline Ryanair, which has slashed its flight capacity as a result of the pandemic, said on Thursday its pilots in Spain had accepted a 20 per cent pay cut to minimise job losses.
"This agreement gives Ryanair a framework to flex its operation during the Covid-19 crisis and a pathway to recovery when the business returns to normal in the years ahead." Ryanair announced on Monday that it would cut its September and October timetable by 20 per cent due to weaker-than-expected demand following renewed virus-linked travel restrictions in some European countries.
Ryanair booked a net loss of €185 million in the three months to the end of June, the first quarter of its financial year.
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