1500 Jobs at Ryanair could be at risk after leaked video of CEO.
Today, Michael O'Leary, the CEO of Ryanair warned that 1,500 jobs at Ryanair could be at risk amidst the Boeing 737 MAX issues.
Ryanair reportedly has an excess of 500 pilots and 400 crew. The airline will need about 600 fewer staff than predicted between now and summer 2020.
There has been a 19% drop in first-quarter profit at Ryanair, over the same period in 2018, and an increase of 21% in staff costs, where O'Leary has stated that the renegotiation for crew last year reduced their staff turnover rate to "practically zero".
The slump in profit for Ryanair, and other European Airlines, could be blamed by the increase of 24% in fuel costs.
The pilots in Britain and Ireland of Ryanair are holding a ballot over potential industrial action to the issue, and union officials said that Michael O'Leary was trying to deter them from voting to strike.