Ryanair to cut 3,000 jobs as the coronavirus crisis drags on

DUBLIN: Ryanair plans to cut 3,000 jobs and talk to Boeing about delaying plane deliveries as it does not expect European air traffic to recover fully from the coronavirus crisis until 2022, the Irish airline said on Friday.

Two weeks ago, Europe's biggest budget airline said it could make bumper profits in 2021 and had no plans to defer jet orders.

But in an unscheduled update, Ryanair pushed back the start of a return to normal scheduling to July from June and said it would only fly 50% of planned capacity in the three months to the end of September, usually its busiest season.