Ryanair will announce a round of redundancies by Q2 2019, according to CEO Michael O'Leary. The airline has 900 more pilots and cabin crew than it needs, he said, blaming the cuts on the grounding of the Boeing 737 Max fleet, falling profits, higher oil prices and Brexit. The grounding of the 737 Max has delayed delivery of 28 aircraft and led to the cancellation of flights and the closure of some bases, O'Leary said. Ryanair reported a fall in profits of 21% for the end of August.
Ryanair will announce a round of redundancies by the end of August, according to CEO Michael O'Leary. The airline has 900 more pilots and cabin crew than it needs, he said, blaming the cuts on the grounding of the Boeing 737 Max fleet, falling profits, higher oil prices and Brexit. The grounding of the 737 Max has delayed delivery of 28 aircraft and led to the cancellation of flights and the closure of some bases, O'Leary said. Ryanair reported a fall in profits of 21% for Q2 2019.