ZCZC
BCN-10
IRELAND-AVIATION-EARNINGS
Ryanair announces restructuring, posts 20 mn euro Q3 loss
LONDON, Feb 4, 2019 (BSS/AFP) – Irish low-cost carrier Ryanair Monday
announced a restructuring of the group which will have four airline
subsidiaries, as it revealed a third quarter loss of 20 million euros.
Over the next 12 months, “a small senior management team will oversee the
development of 4 airline subsidiaries; Ryanair DAC, Laudamotion, Ryanair Sun
and Ryanair UK, each with their own CEOs and management teams,” it said,
adding that “Michael O’Leary has agreed a new 5-year contract as Group CEO.”
BSS/AFP/HR/1305