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Ryanair boss warns of 1,500 job cuts

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Bloomberg is reporting that it has seen a video message from Ryanair's chief executive Michael O'Leary in which he raises the prospect of 1,500 job cuts.

“We over the next couple of weeks will be doing our very best to minimise job losses, but some are unavoidable at this time,” Mr O’Leary said.

Mr O’Leary says that the redundancies will be outlined by the end of August, with cuts to be enforced in September and October and again after Christmas.

He says the airline has an excess of more than 500 pilots and about 400 flight attendants, and on top of that will need around 600 fewer people in those categories by next summer.