Ryanair tells staff it has 500 pilots more than it needs

DUBLIN (Reuters) - Ryanair <RYA.I> has told its staff it has 500 more pilots and 400 more cabin crew than required and job losses will be announced in coming weeks.

Chief Executive Michael O'Leary made the comments in an internal video to staff following the release on Monday of financial results for the three months to June 30, saying job cuts would take place at around the end of September and again after Christmas.

Ryanair this month cut the number of 737 MAX jets it expects to fly next summer from 58 to 30 due to delivery delays. The airline had an average of 14,000 flight staff in the year to March 31, according to its annual report.

(Reporting by Conor Humphries; Editing by Kirsten Donovan)