|Bid||0.00 x 1000|
|Ask||0.00 x 900|
|Day's Range||58.39 - 59.15|
|52 Week Range||55.75 - 103.15|
|Beta (3Y Monthly)||1.13|
|PE Ratio (TTM)||9.03|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||67.91|
Ryanair expects minimal cancellations with affected passengers flying out at different times if pilots in Britain and Ireland go ahead with a two-day strike next week, the airline's chief people officer said on Thursday. Ryanair staff unions in Ireland, Britain, Spain and Portugal have announced plans to strike in the coming weeks, a year after an initial wave of strikes over pay and conditions forced it to cancel hundreds of flights and hit its profits. Members of its British pilot union, which the airline said represents half of its pilots there, voted last week to stage a two-day strike from Aug. 22, when directly employed pilots in Ireland also plan a strike.
The British Airline Pilots Association (BALPA) called on Ryanair to meet for mediated talks to resolve a dispute on pay and benefits to avoid two multi-day stikes planned by their members from next week. Ryanair staff unions in Ireland, Spain and Portugal have also announced plans to strike in the coming weeks, a year after an initial wave of strikes over pay and conditions forced it to cancel hundreds of flights and hit its profits. Ryanair BALPA members, whom the airline said represent half of their British-based pilots, voted last week to stage a two-day strike from Aug. 22, and a second from the early hours of Sept. 2 until just before midnight on Sept. 4.
To prevent a strike on Aug. 22-23, Ryanair management needed to make a counter-proposal by Aug. 14 that properly addressed all areas of the union's claim, Forsa/IALPA had demanded. "No such counter-proposal was made at the mediation meeting today," Forsa/IALPA said in a statement. Ryanair has called on its pilots and the union to return to the mediation with proposals that takes falling airfares and company profits into consideration, the airline said in a separate statement.
Unions representing Ryanair cabin crew in Spain on Wednesday announced plans to hold 10 days of strikes in September unless the Irish airline changes its plans to close several bases in the country. Ryanair staff unions in Britain, Ireland and Portugal have already announced plans to strike in the coming weeks over pay and conditions. Ryanair pilots in Spain are also due to vote on possible industrial action.
Ryanair's directly employed pilots in Ireland agreed to attend mediated talks starting on Wednesday to avert a strike their trade union said would go ahead next week if the airline does not properly address a pay claim. Europe's largest budget airline suffered a number of strikes a year ago after a rocky start to its move to recognize unions for the first time, and is under pressure again with pilots in its home market threatening to join cabin crew in Portugal and pilots in Britain on the picket line this month. Irish pilots who are members of the Forsa/IALPA trade union voted overwhelmingly in favor of industrial action on Friday after accusing Ryanair of stalling on talks since pay demands were submitted in late March.
Ryanair's directly employed pilots in Ireland on Friday voted in favour of industrial action unless pay demands are met swiftly, with Spanish pilots also threatening to join growing unrest at the airline. Europe's largest budget airline suffered a number of strikes last year by pilots and cabin crew, forcing it to cancel hundreds of flights and hitting profit after a rocky start to its move to recognise trade unions for the first time. Ryanair managed to quell the disputes by reaching deals with many unions in Europe on pay and allowances, but it has yet to move beyond recognition agreements with others and further angered unions by telling staff 10 days ago that it had 900 more pilots and crew than it needed.
When Alphaville asked Ryanair’s press office what the deal was, we were told that the scheme was there so we could “offset the carbon cost of their flight by making a voluntary donation to a climate charity at the end of the booking process.” The airline, which says it is “Europe’s greenest” due to its relatively young fleet of aircraft and low amounts of empty seats, has chosen four environmental charities in locations such as Portugal and Uganda. Alphaville is unconvinced that such a small a voluntary donation is enough to have a meaningful impact.
Ryanair has launched legal proceedings against its outgoing Chief Operations Officer (COO) Peter Bellew, whom low cost rival easyJet announced last month it had poached, Irish court filings showed. Ryanair boss Michael O'Leary told staff on July 11 that Bellew would step down at the end of the year.
(Bloomberg) -- Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.Ryanair Holdings Plc’s struggle to keep a lid on Europe-wide wage claims deepened after U.K. pilots voted to strike in a dispute over pay.Members of the British Airlines Pilots Association will walk out for two days from Aug. 22, followed by a three-day action in September. Four-fifths of votes backed a strike on a 72% turnout, according to the union, though Ryanair said the numbers represent a minority of its U.K. crews.Sanford C. Bernstein analyst Daniel Roeska said in a note he expects the strike to go ahead and that the U.K. vote may encourage other pilot groups to follow in Balpa’s footsteps. The walkout may be “more impactful than any other the company has weathered,” he said, though the actual hit on profit depends on whether there’s a prolonged walkout and if the carrier is required to pay compensation that can amount to hundreds of euros per passenger.Ryanair is under pressure across Europe after a rostering foul-up two years ago increased staff bargaining power and forced Chief Executive Officer Michael O’Leary to recognize labor groups. Results from a ballot of pilots in Ireland are due Friday, while Portuguese cabin-crew plan a five-day strike from Aug. 21 and staff in the Canary Islands say they’ll walk out over base closures. Workers at Austrian arm Laudamotion are consulting on threats of layoffs if they reject cost cuts and roster changes.Spoil Plans“We have had no formal offer from Ryanair and it is imperative that we resolve this dispute urgently to avoid strike action,” Balpa General Secretary Brian Strutton said in a statement Wednesday. “No pilot wants to spoil the public’s travel plans but at the moment it seems we have no choice.”Ryanair shares traded 0.6% higher at 9.44 euros as of 10:51 a.m. in Dublin after earlier falling 1.2%. The stock has declined 12% this year after slumping close to 30% in 2018 following widespread labor unrest as initial union accords were thrashed out.The U.K. result comes less than two weeks after O’Leary released a staff video saying Ryanair would need to cut hundreds of pilot and flight attendant posts as the grounding of Boeing Co.’s 737 Max jetliner stymies expansion plans -- a development that has further heightened labor tensions.Responding to the union vote, the airline said that the strike only has minority support among its U.K. pilots since less than half of them are in Balpa.“Over 70% of Ryanair’s U.K. pilots are either not members of Balpa, or did not vote in Balpa’s ballot, or voted against industrial action,” the company said in an email. “Balpa have no mandate to disrupt our customers’ holidays and flights, particularly at a time when U.K. pilots are facing job losses due to the Boeing Max delivery delays, and the threat of a no-deal Brexit.”U.K. crews agreed a 20% salary increase in 2018, according to Ryanair, with senior captains earning up to 180,000 pounds ($219,000) a year, more than their peers at Jet2 Airways and the British arm of Norwegian Air Shuttle ASA, where it said Balpa is seeking smaller settlements.Ryanair has said it regards strikes as extraordinary events that don’t require compensating passengers for canceled flights, though the U.K. government has indicated it expects payments to be made. Liability may need to be decided by the courts, Roeska said, adding that the airline could also be hurt by customer attrition if the protest drags on into the fall.Union recognition agreements are in place with cockpit crew, attendants and ground workers across most of the carrier’s markets, but finalizing pay terms has been problematic as O’Leary seeks to maintain a cost advantage over rivals, with workers accusing him of refusing to engage in negotiations.\--With assistance from Boris Groendahl, Henrique Almeida and Irene García Pérez.To contact the reporters on this story: Christopher Jasper in London at email@example.com;Benjamin Katz in London at firstname.lastname@example.orgTo contact the editors responsible for this story: Tara Patel at email@example.com, John BowkerFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Members of Ryanair's British pilot union voted on Wednesday in favor of strike action later this month in a dispute over working conditions, the British Airline Pilots Association (BALPA) said. In an email sent by BALPA to its members, the union said its members had sent a "very clear and powerful message to the company", with 79.5% of the ballots cast backing the action. "Notwithstanding the result of the industrial action ballot, BALPA remains committed to finding a negotiated and agreed settlement to the current trade dispute," it said.
Ryanair has decided to close its base at Faro International Airport in southern Portugal from next year with the loss of at least 120 jobs, the SNPVAC cabin crew union, which had called a strike for Aug. 21-25, said on Wednesday. The budget airline told the union the decision to close the base, which operates 10 aircraft in summer, was part of wider planned cuts flagged last week due to weaker earnings, the grounding of the Boeing 737 MAX and concerns over Brexit, said SNPVAC director Fernando Gandra. The timing "appears at least strange as it comes within days of our calling a strike in Portugal and as the company is telling staff its passenger numbers have risen 9% in July from a year earlier," Gandra said.
Hawaiian Holdings' (HA) second-quarter 2019 earnings decline year over year due to increased competition in Hawaii following Southwest Airlines' (LUV) entry over there.
Ryanair's Portuguese cabin crew trade union SNPVAC said on Thursday its members would go on strike for five days from Aug. 21. The industrial action comes as Ryanair pilots in Ireland and the United Kingdom are holding ballots on a possible strike action in August. Ryanair, Europe's largest low-cost carrier, suffered a series of damaging strikes last year.
Ryanair has 500 more pilots and 400 more cabin crew than needed, and job losses will be announced in the coming weeks, Chief Executive Michael O'Leary told staff in a video message https://vimeo.com/350780012/5abde31242. The comments come less than two years after Europe's biggest budget airline was forced to cancel hundreds of flights, due in part to a shortage of pilots.
Ryanair Holdings Plc on Monday warned fares would fall by 6% in its key summer season this year, in part due to overcapacity in Germany and Brexit fears in the United Kingdom, but kept its profit target for the year. Ryanair earlier this month halved its growth targets for next year due to delays in deliveries of the 737 MAX. A poll of analysts published by Ryanair ahead of the results had forecast a profit of 232 million euros.