Business · 1 hour ago
Ryanair freezing staff pay and using AI to offset higher jet fuel costs
Photo by Sevcan Alkan on Unsplash
Michael O'Leary, chief executive of the Dublin-listed budget carrier, warned that energy expenses will stay high next year. The airline saw a 16 per cent drop in pre-tax profit to €2.4bn during the six months to the end of September. It also plans to lower crewing ratios and review airport negotiations to cope with the financial pressure.
Reported by City AM · How we write briefs