Nov 12, 2026
Not linked to AIPlus Ultra told its works council on 12 November 2026 that it is opening a collective redundancy procedure (an ERE) at its Madrid workplace, its head office and its base at Madrid-Barajas airport, where it has 679 employees, without saying how many jobs will go; it is also ending several transatlantic routes, cutting its scheduled flying hours by more than 61% and negotiating with its creditors in pre-insolvency proceedings, and the final scope is to be negotiated with worker representatives, with temporary layoffs and shorter hours offered as alternatives.
The reason Plus Ultra gave
"La compañía atribuye la decisión a razones económicas, productivas y organizativas ... También señala que el encarecimiento del combustible, la falta de liquidez y la falta de avances concretos en las conversaciones con potenciales inversores han llevado a su mala situación económica actual." (The company attributes the decision to economic, production and organisational reasons ... It also says that the rise in fuel costs, the lack of liquidity and the lack of concrete progress in talks with potential investors have led to its current poor financial position.)Plus Ultra, in the procedure's documentation seen by the Europa Press news agency, in Infobae's reported speech
Plus Ultra's statements, as reported, do not mention AI, and no report read (Europa Press, Merca2, Actualidad Aeroespacial) tied the procedure to AI.
Source: Infobae (Europa Press): Los problemas de Plus Ultra se agravan: prepara un ERE para su plantilla en España y el recorte de varias rutas transatlánticas. Checked Nov 14, 2026.