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.
Ryanair's staff are to take a 50% pay cut.
Around 70 Irish people who have been stuck in Fuerteventura Airport, at the popular holiday destination in Spain, are hoping they can fly home today.
Ryanair shares fell by over 5% as the airline confirmed its intention to ground the vast majority of its fleet of planes in response to the spread of Covid-19.
There are fears that hundreds of Irish citizens could be left stranded in Spain where Covid-19 is rampant.
For the months of April and May, Ryanair said it expects to reduce its seat capacity by up to 80%. It said a full grounding of its fleet cannot be ruled out.
Ryanair’s Michael O’Leary said the airline is in talks with Boeing about a follow-on order for the US manufacturer’s grounded Max model.
Three pilots who were found not to have defamed Ryanair in an email circular have urged the Court of Appeal (CoA) to uphold a High Court jury's decision in the case.
Three pilots who were found not to have defamed Ryanair in an email circular have urged the Court of Appeal to uphold a High Court jury’s decision in the case.
Ryanair has asked the Court of Appeal to overturn a jury's decision that the airline had not been defamed in an email to pilots about its shares and the markets.
EU competition regulators widened their investigation into additional incentives granted by Spanish authorities to Ryanair and other airlines operating at two airports in Catalonia, concerned that they may have an unfair advantage.
Ryanair has lost its High Court bid to overturn decisions requiring the airline to pay compensation to 10 passengers over flight cancellations due to strike action by its Irish-based pilots.
A UK court has ruled that Ryanair is not liable to pay compensation in relation to disruption caused by union-led strike action.
The turmoil surrounding Ryanair’s management structure has continued with the airline set to lose another key executive, chief marketing officer Kenny Jacobs.
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