Ryanair is negotiating pay cuts, unpaid leave and up to 3,000 job losses with its employees and trade unions, as the coronavirus reduced passenger numbers at the airline by over 5 million.
The majority of its airplanes were grounded from mid-March and the company expects to resume at-most 50% of its scheduled flights during the second quarter .
In its full-year results to the end of March, the Irish company said revenues rose to 8.49 billion euros — a 10% increase from the year before. Profit was up 13% at 1 billion euros, excluding a fuel hedge charge. The majority of its airplanes were grounded from mid-March and the company expects to resume at-most 50% of its scheduled flights during the second quarter .
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