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Ryanair grounds virtually all planes until July, reviews growth plans

Published 05/01/2020, 02:17 AM
Updated 05/01/2020, 02:20 AM
© Reuters. Ryanair aircrafts are parked on the tarmac before the closure of Brussels South Charleroi Airport as airlines have suspended flights to slow down the spread of coronavirus disease (COVID-19), Charleroi
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DUBLIN (Reuters) - Ryanair (I:RYA) on Friday announced it would ground more than 99% of its flights until July and said it had begun negotiations with Boeing (N:BA) about cutting the number of aircraft deliveries over the next 24 months.

© Reuters. Ryanair aircrafts are parked on the tarmac before the closure of Brussels South Charleroi Airport as airlines have suspended flights to slow down the spread of coronavirus disease (COVID-19), Charleroi

The airline, Europe's largest low-cost carrier, said it would take at least two years for passenger demand to return to normal, which it said could result in the loss of up to 3,000 mainly pilot and cabin crew jobs.

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