Ryanair to cut staff and executives pay by 50%

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Ryanair’s chief executive has said he and the rest of the airline’s employees will take a 50% pay cut for the months of April and May as a result of disruption to the business because of the coronavirus pandemic.

Michael O’Leary also said the airline has the cash to survive for “maybe even 12 months” with no flights or revenue as the coronavirus shuts the air travel industry down.


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