Ryanair boss decries 'state aid doping' as airline sheds 3,000 jobs [Reuters (UK)]
Boeing Company (The) (BA)
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Source: Reuters
Ryanair boss decries 'state aid doping' as airline sheds 3,000 jobs - Reuters 5 Min Read DUBLIN (Reuters) - Ryanair is laying off 15% of its staff in a cost-cutting drive as coronavirus restrictions prevent a return to normal service until 2021 and rivals receive billions in state aid to get back in the air, its chief executive said on Friday. The boss of Europe’s biggest budget airline nevertheless vowed in an interview with Reuters that Ryanair would emerge stronger from the crisis and said crunch talks with Boeing ( BA.N ) about the price of jets already ordered and a potential new order would be key. Announcing the job cuts on Friday, O’Leary was significantly more downbeat than two weeks ago when he forecast holidaymakers would flock back in late summer and pent-up demand might make 2021 a bumper year for earnings. “Pricing is going to be grim. the competition environment is going to be grim, I think for the next two or three years,” he said. “We are going to be competing now w
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