Ryanair announces restructuring, posts 20 million euro for the third quarter loss

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.

PTI

February 04, 2019 / 12:50 IST

Irish low-cost carrier Ryanair on February 4 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."

PTI

first published: Feb 4, 2019 12:40 pm

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