Response by Ryanair
The Covid-19 pandemic has created an unprecedented crisis for the aviation industry. 99% of our fleet has been grounded for 4 months and we are now facing a new environment of lower fares and distorted competition due to below cost selling by inefficient airlines propped up by €30bn of unlawful State Aid.
We expect to lose over €200M in Q1 (Apr-Jun) and will carry no more than 80M passengers this year of our original 155M budget. As a result we are implementing 3,000 job cuts across our European network. Regrettably Buzz, a subsidiary of the Ryanair Group, was forced to terminate the contracts of 20 Prague-based cabin crew.
To minimise job losses as we adjust to this new environment, we are working with our people on sensible emergency cost saving measures to preserve as many jobs as possible at a time when all airlines across Europe are cutting jobs to survive this unprecedented crisis