Ryanair grounds most of its fleet across Europe for the next week
Reuters
Published Mar 16, 2020 06:43AM ET
Ryanair grounds most of its fleet across Europe for the next week
(Reuters) - Ryanair (I:RYA) said on Monday it would ground most of its aircraft in Europe over the next seven to 10 days, expects to cut seat capacity by 80% for the next two months, and could even ground its entire fleet, given travel restrictions due to the coronavirus pandemic.
"We have seen a substantial decline in bookings over the last 2 weeks, and we expect this will continue for the foreseeable future," the company said.
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Written By: Reuters
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