ULCC Ryanair said it could not rule out further redundancies or pay cuts if the economic situation caused by the COVID-19 pandemic worsens this winter.
Ryanair is calling on the Republic of Ireland to withdraw its 14-day quarantine, which has triggered the Irish LCC to cut up to 1,000 Ireland-UK flights in August and September.
LONDON—Ireland-based ULCC Ryanair and cabin crew union Unite have agreed to temporary salary reductions in return for retaining jobs among the airline’s UK personnel.
Ryanair has resumed operating over 1,000 daily flights across Europe, about 40% of its normal July capacity, as it returned to flying July 1 following the COVID-19 crisis.
SALZBURG, Austria—Ryanair Group subsidiary Laudamotion has lost €300 million ($339 million) in the two years since its March 2018 launch, the group’s CEO Michael O’Leary said.
ULCC Ryanair plans a swift increase in its schedules over the summer, announced it will restore over 30 routes to and from Serbia, Slovakia and Ukraine from July 1.
With COVID-19 travel restrictions easing in parts of the world, airlines are gradually rebuilding their networks. Routes analyzes some of the services returning as well as new routes being launched. This week: airBaltic’s new route to Dublin; Air New Zealand resuming flights to Tokyo; and Luxair re-entering a market it last served in 2007.
Ryanair, British Airways and easyJet have written to the UK government to condemn its decision to introduce a 14-day quarantine period for arrivals to the UK as part of its response to the COVID-19 crisis.
Ryanair subsidiary Laudamotion has issued an ultimatum to its trade union Vida to sign the new collective labor agreement (CLA) within 24 hours, but talks could fail.
ULCC Ryanair on May 18 foreshadowed a fare war in Europe as it pledged to further undercut any below-cost fares offered by legacy carriers that have benefited from what it described as illegal financial aid from their respective governments.
Ryanair Group’s Austrian subsidiary Lauda faces an “existential crisis” with its main base in Vienna expected to close before the end of the month, group CEO Michael O’Leary has warned.
The continuing economic effects of the pandemic has led to ULCC Ryanair announcing more than 250 job losses in its head office in Dublin, together with its locations at London Stansted, Madrid and Wroclaw, Poland.
ULCC Ryanair plans a swift increase in its schedules over the summer with 40% of its usual flights set to operate from July 1, the carrier said May 12.
