Business · Companies · 54 mins ago
Plus Ultra plans job cuts and route reductions amid financial strain
Spanish airline Plus Ultra is preparing a collective redundancy plan as its financial and operational problems worsen.
The plan puts the jobs of all 679 employees at risk, but the company has not said how many people may be dismissed.
It also plans to reduce its fleet and withdraw from some routes, including long-distance services mainly linking Spain and Latin America.
The airline currently has six wide-body aircraft in operation.
Plus Ultra received a €53 million government rescue during the pandemic, which remains politically and legally controversial, although courts upheld its legality.
The company has asked to form a negotiating committee, and employee representatives say they will seek financial and operational records before assessing the airline’s situation.
Formal talks have not yet begun, and representatives say they will push for temporary measures to avoid permanent job losses.
Plus Ultra is preparing a collective dismissal procedure as it faces serious financial strain.
The plan puts the airline’s 679 employees at risk, but the company has not specified how many jobs could be cut.
A restructuring plan also includes reducing its aircraft fleet and withdrawing from some routes and operations.
The company has not formally begun consultations, and no individual decisions on ending contracts have been made.
The announcement comes amid continuing controversy over a €53 million public rescue the airline received after the pandemic.
- Who
- Spanish airline Plus Ultra and its 679 employees are affected.
- What
- The airline is preparing a collective dismissal procedure and plans to reduce its fleet and routes.
- When
- The company delivered formal advance notice to the workers’ committee the day before the article was published on 13 November 2026.
- Where
- The airline operates regular long-haul routes, mainly between Spain and Latin America.
- Why
- The company cited a significant worsening of its economic, operational and labour situation.
Plus Ultra management
Plus Ultra workers’ committee
Proposed restructuring
Plus Ultra management
The company’s plan includes job reductions, a smaller fleet and fewer routes and operations.
Plus Ultra workers’ committee
The committee says the proposed measures must be analysed, discussed and negotiated, and that forming a negotiating body does not mean accepting them.
Employment measures
Plus Ultra management
The company has proposed a collective dismissal process and may negotiate temporary measures.
Plus Ultra workers’ committee
The committee says it will focus on alternatives that could avoid permanent dismissals and will seek the documents needed to assess the company’s situation.
Plus Ultra received a €53 million public rescue.
The airline’s management delivered formal advance notice of the proposed employment adjustment to the workers’ committee.
El Mundo reported that Plus Ultra was preparing a collective dismissal procedure as part of a wider restructuring plan.
- Employees
- 679
- Public rescue
- €53 million
- Operating fleet
- 6 wide-body aircraft
- Routes
- Regular long-haul services mainly between Spain and Latin America
- Status of consultations
- Not formally begun
What people are saying
We are not going to hide reality or create false expectations. Nor are we going to treat as inevitable what still needs to be analysed, discussed and negotiated.
The formation of the negotiating table does not mean accepting the measures proposed by the company.