Michael O'Leary said the pandemic will herald an era of ultra-cheap European holidays, as airlines look to win back passengers after the three month lockdown. Rejecting concerns that airlines will raise prices to survive, O'Leary said the opposite was true, though jobs will also suffer. That's why we need to cut costs and cut pay," O'Leary told This is Money. Ryanair kicked off its first flight sale on July 1, as it restarted more than 1,000 flights from the UK to 200 European destinations. It comes as hundreds of pilots face a 20% pay cut, in efforts to prevent 3,000 redundancies."

Source: Daily Mirror July 02, 2020 15:07 UTC