The chief executive of British low-cost carrier Ryanair has warned of job cuts in the near future. In a video address to workers, Michael O’Leary warned staff to prepare for job costs claiming the airline has 900 too many pilots and cabin crew. O’Leary said that redundancies would be announced by the end of August – no exact number was put on the amount of job losses. The reason cited was due to planned budgets cuts to flights next summer due to the grounding of its Boeing 737 Max fleet. Ryanair has reported a 21% drop in its second quarter
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