Ryanair is warning that it could take at least two years for passenger numbers to return to normal and that there could be up to 3,000 job losses at the airline.
Job and pay cuts will impact pilots, cabin crew, ground staff and head office teams, while CEO Michael O'Leary has also agreed to extend his own 50% pay cut to March 2021.
Ian Guider, markets editor of the Business Post, joined us with this and more of the day's business news, including:
- Aer Lingus in talks with unions about 900 job cuts
- CSO says almost one in four businesses have ceased trading
- FBD to refund €35 to customers
- Apple profits increase thanks to Apple TV streaming
Listen to the interview in full by pressing the play button on this page.
