Ryanair staff to take 50% pay cut

Ryanair has the cash to survive for “maybe even 12 months” with no flights or revenue as the Covid-19 pandemic shuts the air travel industry down, CEO Michael O’Leary has said.

Mr O’Leary said that he and the rest of the airline’s employees will take a 50% pay cut for the months of April and May. Similar announcements were made by Aer Lingus and other airlines in recent days.