Ryanair is reducing its flights to and from Italy by 25% in response to the coronavirus.

The measure will be in place for three weeks, from 17 March to 8 April.

The airline confirmed that it has seen a significant drop in bookings for this period, as well as an increase in passenger no-shows.

Peter O'Dwyer, senior business reporter with The Business Post, brought us this story and more in our daily business update, including:

• OECD warns coronavirus presents global economy with its biggest danger since financial crisis
• NAMA completes repayment of all outstanding debt
• New car sales continue to decline in February
• Carton House to be rebranded and refurbished in new management deal

Listen to the interview in full by pressing the play button on this page.