Ryanair could cut up to 900 jobs amid earnings drop

Up to 900 jobs could be at risk at Ryanair amid a drop in earnings as the airline faces higher fuel costs.
Ryanair has flagged the airline could cut up to 900 jobsRyanair has flagged the airline could cut up to 900 jobs
Ryanair has flagged the airline could cut up to 900 jobs

Chief executive Michael O'Leary told staff in a video message the airline would do its best to minimise job cuts, but some were "unavoidable".

The likely location of any job cuts is still yet to be confirmed.

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Ryanair is being hit by delays to expansion plans forced by the grounding of Boeing's 737 Max jetliner.

It is believed details of redundancies will be given by the end of next month, with any cuts to be enforced later in the year.

Ryanair indicated earlier this month that it would trim operations, saying it expected to get no more than 30 of the 58 Max jets due from Boeing by next summer.

The airline this week reported a 21 per cent fall in quarterly profits as overcapacity and a price war in Germany drove ticket prices lower.

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