More bad news coming from the Ryanair camp…
Ryanair has apparently written to over 300 employees warning them that their services may not be required from October onwards; after the Ryanair board have taken the decision to cut Dublin based fleet by 20% this winter.
In short, this accounts to 100 pilots and 200 cabin crew losing their jobs over the winter period, with the low-cost airline saying that recent strikes have resulted in consumer confidence in schedules being disturbed. In other words, Ryanair CEO Michale O’Leary is losing money and not happy about it…Which can be seen by a 20% fall in after-tax profits in the second quarter of this year so far.
Other issues such as higher fuel and staff costs have also impacted on the recent results.
With COO Peter Bellew stating the following; ”We regret these base aircraft reductions at Dublin for winter 2018, but the board has decided to allocate more aircraft to those markets where we are enjoying strong growth, and this will result in some aircraft reductions and job cuts in country markets where business has weakened, or forward bookings are being damaged by rolling strikes by Irish pilots,” (credit: independent.ie)