Ryanair have stated that 3,000 jobs could be lost due to the Covid-19 crisis.
The airline company said that it could be two years before passenger demands returns to normal.
The job losses mainly consist of pilots and cabin crew.
Pay cuts of up to 20% will also be implemented, which will extend to the head office and back office teams.
As well as this, the closure of a number of aircraft bases across Europe will also be implemented until air traffic recovers.
CEO Michael O’Leary has extended his 50% pay cut for the remainder of the financial year to March 2021.