Ryanair boss warns about job cuts in case of prolonged 737 MAX grounding

Dublin, Ireland - Michael O’Leary, the chief executive of the Irish low-cost Ryanair, has said that he wouldn't exclude cutting some jobs if Boeing 737 MAXs remain grounded longer than expected.

In addition to delayed 737 MAX deliveries, the airline may also get into trouble if no agreement reached between the UK and European Union for Brexit.

The statements came during the announcement of the company's quarterly results.

O'Leary warned that Ryanair could drop its domestic routes in the UK in case of Hard Brexit.

Ryanair has 135 737 MAX on order with Boeing. The first five copies are due for delivery in the autumn this year. The aircraft is a special variant developed exclusively for the Irish carrier by request.

But it is still unclear when the software fixes to the aircraft's stall prevention system will be reviewed and approved by the FAA and other international regulators.

O’Leary said that they may not put any of them into service by next summer. Ryanair had to cut its growth plans by half by canceling 30,000 737 MAX flights scheduled for next year.

Job cuts could not be ruled out, as a result, he added. The airline reported a 24% drop in its quarterly profits.

Ryanair plans to reduce ticket prices by around 6% to increase passenger demand, especially in the United Kingdom and Germany.