O'Leary

Budget carrier Ryanair announced strong profit estimates for August and earmarked it was expecting further positive results on the back of solid bookings. The company seems to be only lightly affected so far by the spread of the Covid-19 Delta variant, Reuters reported.

Michael O'Leary, Chief Executive Officer of of low-cost Ryanair Airlines, announced plans to cut 500-700 jobs after shareholders approved a bonus scheme that could bring him about 100 million euro ($ 111 million) for the next five years, Reuters reported.

 Representatives of Spanish pilots working for Ryanair  will launch legal action against the airline over contracts they say fail to comply with Spanish law, the SEPLA union said on Wednesday, quoted by Reuters. 

Ryanair boss Michael O'Leary has said the firm is planning to make pilots delay a week's holiday as it wrestles with massive flight cancellations, reported BBC. 

His comments came at the airline's annual general meeting in Dublin.

Ryanair is cancelling 40-50 flights every day for the next six weeks, after it admitted it had "messed up" the planning of pilot holidays.