The Limited Times

Now you can see non-English news...

Ryanair plans to create 5,000 jobs over five years

2021-09-16T17:27:25.222Z

After some 3,000 jobs were cut during the health crisis, the low-cost company undertakes to compensate with the offer of 5,000 new jobs.



The Irish low-cost company Ryanair announced Thursday its intention to accelerate its post-Covid recovery and plans to create 5,000 jobs over five years, which would offset the some 3,000 job cuts decided at the start of the health crisis.

Read alsoAir France rolls out its plan of 7,500 job cuts

"

Ryanair plans to create 5,000 new jobs for pilots, cabin crew and engineers over the next five years,

" boss Michael O'Leary said in a statement, after speaking at the annual general meeting of the company which was held Thursday in Dublin.

2020, the black year

The airline industry has been one of the hardest hit by the Covid-19 pandemic with traffic wiped out for months.

The group had recorded the worst financial year in its history in 2020-2021 with a loss of around one billion euros, and announced the loss of some 3,000 jobs, or 15% of its workforce.

These new hires are part of the group's desire "

to accelerate its post-Covid growth

", according to the

press

release.

Ryanair has therefore revised upwards its 5-year growth forecasts, from 33% to 50%, hoping to reach 225 million passengers in March 2026 against 149 million before the pandemic.

Read alsoThe Biden administration wants to reduce aviation emissions by 20% by 2030

To achieve this, the company expects in particular over this same period the delivery of 210 Boeing 737 new generation supposed to "

reduce costs and emissions

" and plans to open 10 new bases in Europe this year.

At the end of July, the low-cost carrier had published a loss for its first quarter shifted from 47% over one year to 273 million euros. The company had returned to profit in July and August at the height of the summer season, but specified to expect "

a difficult winter

".

Source: lefigaro

All business articles on 2021-09-16

You may like

Business 2021-09-15T10:08:34.382Z
News/Politics 2021-07-12T11:25:17.625Z
Business 2021-04-30T16:09:06.517Z

Trends 24h

Latest

© Communities 2019 - Privacy