RYANAIR flights could be grounded for three months as a "best case scenario" as CEO Michael O'Leary confirms 50 per cent pay cuts for all staff.
The airline has already been forced to ground 80 per cent of their aircraft due to the coronavirus pandemic.
⚠️ Read our coronavirus live blog for the latest news & updates
All Ryanair flights are to be grounded from March 24. The airline hasn't said when it expects its schedule to return to normal.
However, the CEO of the low-cost airline told the Financial Times: "We’re talking about a close down that will last for at least three months."
He explained that the three-month lockdown comes after looking at the way China has handled the coronavirus outbreak, with cases now decreasing in number every day.
Mr O'Leary added that this was only after "draconian measures" and that most of the industry had no idea about how it would play out in the UK.
Ryanair crew are also taking a 50 per cent pay cut as flights and airports face complete shutdown.
The pay cuts would be for April and May, in a bid to avoid "avoid mass lay-offs" although these could still happen further down the line.
Source: Read Full Article