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Ryanair plans to cut wages and 3,000 jobs in response to the coronation crisis, which has affected flights.
The airline said it did not expect revenue and passengers to return to pre-crown levels before the summer of 2022 at the earliest, according to the New York Times.
Ryanair also plans to ask Boeing to delay delivery of the planes as it does not expect European air traffic to fully recover in the coming years, the Irish airline said on Friday. Two weeks ago, the airline said it could make a profit in 2021 and had no plans to postpone orders.
However, in a brief update, Ryanair ruled out a return to normal planning in July, saying that only 50% of flights were scheduled for the end of September.
As part of a comprehensive program, Ryanair said it could close some bases across Europe until air travel recovers. Wages are expected to be cut by up to 20%.
The company, which expects a net loss of more than 100 million euros for the first quarter and for the summer, said the restructuring and job loss were part of a plan to be implemented in July.
The job cuts will primarily affect pilots and cabin crew, although the measures will also affect central office equipment.
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