Salary of Ryanair CEO Will Decrease by 50 Percent

Salary of Ryanair CEO Will Decrease by 50 Percent

O'Leary, CEO of British airline company Ryanair, said he would cut 50 percent of his salary. Ryanair management said it plans to lay off about 3,500 people if an agreement on salary cuts cannot be reached with employees. The sector that felt the coronavirus (Covid-19) epidemic that brought all sectors to a standstill was the aviation sector. Many airline companies have to end their jobs due to their negative financial situation. An airline company affected by this situation was the British Rynair. Stating that he will cut 50 percent of his salary, Ryanair CEO Michael O'Leary said that the possibility of dismiss 3,500 people will be terminated. Ryanair CEO Michael O'Leary said last month that the British government imposed quarantine imperatives for passengers coming to the country for 2 weeks was only a demonstration. Leading travel and accommodation companies in the country have also warned that keeping the tourists in quarantine for 2 weeks could end the flow of tourists. Jason Holt, manager of Swissport, the largest airport operator in Britain, said that the 2-week quarantine implementation would hit the tourism industry. In addition, Willie Walsh, Senior Manager of Spanish IAG, owner of British Airways, said they could take the British government's decision to implement a 2-week quarantine.