Ryanair has the cash to survive for"maybe even 12 months" with no flights or revenue as the coronavirus shuts the air travel industry down, CEO Michael O'Leary said in an interview with the Financial Times on Friday.
O'Leary said that he and the rest of the airline’s employees will take a 50per cent pay cut for the months of April and May, the newspaper reported.He said he was working on a best-case scenario of two-three months in which flights would be grounded and revenues would vanish, but said"honestly none of us have any idea."
Yet Qantas cannot
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