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Irish low-cost airline Ryanair announced its intention to reduce the number of planes based in Dublin by 20% from 30 to 24 units for the winter of 2018. The company explained this step by lowering in the amount of armored tickets, which was caused by the recent strikes by Irish pilots, which harmed the image of the company due to the cancellation of flights. Ryanair also said that on October 28 it will cut 100 pilots and 200 crew members. Aircraft from Dublin will be redirected to the Polish charter unit Ryanair Sun, which will provide Polish travel companies with 10 aircraft instead of 5 in the beginning of summer.
On Friday, the Chinese technology company ByteDance said that it would consider listing its domestic businesses in Hong Kong or Shanghai due to rising Sino-U.S. tensions. The company's standalone listing in Hong Kong or Shanghai might value ...
On Friday, Caterpillar Inc (CAT.N) announced a lower second-quarter profit because of the recession caused by the coronavirus outbreak. The decline was due to lower sales volume and changes in dealer inventories. During the second quarter ...
On Monday, Fujitsu Ltd. (6702.T) announced that it would halve its office space in Japan by March 2023 as it pushes for its 80,000 employees to work remotely amid the coronavirus outbreak. The IT solutions company said that its employees would ...
On Wednesday, Ryanair's (RYA.I) Chief Executive Officer Michael Kevin O'Leary announced that around 3,500 jobs would be slashed at the airline unless it could agree on a series of pay cuts with staff. The warning came after the company resumed ...
American Airlines Group Inc. stated on Wednesday that it plans to cut 30% of its management and support staff or almost 5,000 jobs because of the coronavirus outbreak. American and other airlines are scrambling to cut costs because of the ...
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