Ryanair cuts flights across Europe as virus hits bookings

Ryanair will cut capacity by 20% in September and October due to "notably weakened" bookings in recent days, news wires reported. The airline said the drop was driven by "uncertainty over recent Covid case rates in some EU countries". The cuts will mostly be in flight numbers as opposed to route closures.

Ryanair said they will be heavily focused on countries where virus rates have led to the UK and Ireland re-imposing travel restrictions. Britain has re-imposed 14-day quarantines on travellers coming from several countries including Spain, France and Sweden. Ireland has similar travel restrictions for countries including Germany and the UK.

Ryanair had increased flights to 60% of its normal schedule this month after resuming services in July. But on Monday a spokesman said: "These capacity cuts and frequency reductions for the months of September and October are unavoidable given the recent weakness in forward bookings due to Covid restrictions in a number of EU countries.

Meanwhile, rival airline Easyjet has confirmed that it will close bases at Stansted, Southend and Newcastle, with the loss of 670 jobs. There could be up to about 1,200 further UK job losses as Easyjet works through plans to cut staff due to the coronavirus pandemic. The airline said in May that it wanted to cut 4,500 jobs. It has yet to begin consultations with its staff in other European countries.

Similar articles

  • Coffee drags Nestle to strongest quarter in a decade

    Coffee drags Nestle to strongest quarter in a decade

    Food and beverage giant Nestle announced it had posted record sales in the first quarter of 2021, driven by a surge in demand for coffee, pet care and dairy products, Reuters reported. This is the strongest quarterly sales growth in 10 years. Nestle cruised through pandemic with positive financial results as people in lockdowns worldwide consumed larger volumes of packed products. It also expanded sold volumes of healthcare and cosmetics products on the back of rising online sales.

    16
  • Hyundai profit triples to $1.16bn as luxury demand picks up

    Hyundai profit triples to $1.16bn as luxury demand picks up

    The South Korean carmaker Hyundai announced a robust growth of profits from sales in the first quarter of 2021, Reuters reported. The nearly triple surge in revenue or 187% on annualized basis is attributed to restored end-customer demand, especially focused on the luxury segment. That is the main factor behind the surge in sold volumes of the company’s flagship model Genesis. But still the carmaker sees a major challenge in the coming months amid a widening semiconductor chips shortage.

    16
  • Airbus struggles to cut costs to offset pandemic losses

    Airbus struggles to cut costs to offset pandemic losses

    The European plane maker Airbus announced it had launched the biggest restructuring of activities in its history to spur cost saving that was forced by the pandemic slump in demand, Reuters reported. The company started joining some operations across EU and in other cases even selling minor production activities, related to making of small details in Germany and France. "We are in the process of reviewing different ownership structures to identify the best possible solution," a spokesman said, referring to the new Germany-based detail-parts spin-off.

    22