Ryanair boss Michael O’Leary has warned staff to prepare for job cuts in the coming weeks, saying the airline has 900 too many pilots and cabin crew.

In a video message to workers, he said redundancies would be announced by the end of August, although he did not put an exact number on the losses.

He blamed planned cuts to flights next summer due to the grounding of its Boeing 737 Max fleet.

He also cited falling profits, higher oil prices and Brexit uncertainty.

 

Via BBC