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| Ryanair boss warns as many as 900 jobs could be at risk | |
| (32 minutes later) | |
| 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. | 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. |
| It comes after the airline said it would cut flights next summer over the grounding of its Boeing 737 Max fleet. | It comes after the airline said it would cut flights next summer over the grounding of its Boeing 737 Max fleet. |
| The firm also reported a sharp fall in quarterly profits on Monday. | The firm also reported a sharp fall in quarterly profits on Monday. |
| In the video, seen by the BBC, Mr O'Leary said Ryanair now had an excess of more than 500 pilots and 400 flight attendants. | |
| He also said it would need 600 fewer cabin crew by summer 2020. | He also said it would need 600 fewer cabin crew by summer 2020. |
| Job cuts would be "unavoidable", he added, but said the airline would do its best to minimise the losses. | Job cuts would be "unavoidable", he added, but said the airline would do its best to minimise the losses. |
| A spokesman for Ryanair confirmed the video's authenticity but declined to comment further. | A spokesman for Ryanair confirmed the video's authenticity but declined to comment further. |
| 'Planned closures' | 'Planned closures' |
| Boeing's 737 Max planes are grounded worldwide over concerns with their software following two deadly crashes. | Boeing's 737 Max planes are grounded worldwide over concerns with their software following two deadly crashes. |
| In July, Ryanair said it would be forced to cut flights and close bases next year amid concerns the 737 Max would not be allowed to fly until at least December. | In July, Ryanair said it would be forced to cut flights and close bases next year amid concerns the 737 Max would not be allowed to fly until at least December. |
| The airline said it was in talks with airports about which of its hubs would suffer cuts, and would talk to its staff and unions about the planned closures. | The airline said it was in talks with airports about which of its hubs would suffer cuts, and would talk to its staff and unions about the planned closures. |
| Mr O'Leary sent his video message after the carrier reported a 21% fall on profits on Monday for the three months to the end of June, as the average ticket price fell 6%. | Mr O'Leary sent his video message after the carrier reported a 21% fall on profits on Monday for the three months to the end of June, as the average ticket price fell 6%. |
| He blamed higher fuel costs, weaker demand and a fares war for the poor performance. | He blamed higher fuel costs, weaker demand and a fares war for the poor performance. |
| On Monday, the airline said it would cut Mr O'Leary's pay by 50% to €500,000 (£457,000) and reduce his bonus to a maximum of the same amount, in its annual report. | On Monday, the airline said it would cut Mr O'Leary's pay by 50% to €500,000 (£457,000) and reduce his bonus to a maximum of the same amount, in its annual report. |
| However, he has been awarded an additional 10 million shares - on top of the five million he already owns - in the Dublin-based business. | However, he has been awarded an additional 10 million shares - on top of the five million he already owns - in the Dublin-based business. |