|Bid||54.44 x 1000|
|Ask||60.00 x 1800|
|Day's Range||56.78 - 57.62|
|52 Week Range||55.75 - 103.15|
|Beta (3Y Monthly)||1.13|
|PE Ratio (TTM)||8.78|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Ryanair has decided to close its Spanish bases in Las Palmas, Tenerife South, Lanzarote and Girona from January, putting the jobs of more than 500 pilots and cabin crew at risk, the local USO union said on Friday. Ryanair told staff last month it planned to cut its presence on the ground at airports due to delays in the delivery of the grounded Boeing 737 MAX, that has left it with 900 more pilots and crew than it needs. The airline's chief people officer told Reuters last week that it would likely close its base in the Portuguese city of Faro and two on the Canary Islands but that a final decision had yet to be made on how many bases, jobs and routes would go.
Ryanair has always been a somewhat contrary airline. Before the strike, its on-time performance was 90 per cent. At one point, the only plane delayed at Stansted airport was one of rival easyJet’s. RBC’s plane spotters suggested that the cost of this disruption, in lost revenue and extra expenditure, would be €30m over the five days, or 2-4 per cent of net profit.
All Ryanair flights to and from British and Irish airports have departed without disruption so far on Thursday, the airline said, adding it also expected no impact for the rest of the day from a strike by some of its pilots based in Britain. Ryanair unions in Ireland, Britain, Spain and Portugal have been planning strikes over various grievances that began with a five-day cabin crew walkout in Portugal on Wednesday and continued with a 48-hour strike by some UK pilots on Thursday. While more widespread strikes over pay and conditions a year ago forced Ryanair to cancel hundreds of flights, the airline has forecast minimal disruption this time and ran a full schedule without major delays in the first day of action in Portugal.
German Chancellor Angela Merkel expressed hope on Wednesday that Britain and the European Union can find a solution on the issue of the Irish border in the next 30 days that would prevent a no-deal Brexit. A London High Court rejected Ryanair Holdings Plc's bid to block a strike by the British Airline Pilots Association after a judge dismissed the airline's request for an injunction, but the carrier said there would be minimal disruption to passengers ahead of the busy bank holiday weekend. Britain and South Korea will sign a continuity Free Trade Agreement on Thursday that will allow bilateral trade to continue in the event of a no-deal Brexit on Oct. 31.
Ryanair can still avoid a planned strike by British pilots this week if it agrees to a new framework for talks, the chief of UK pilot union BALPA said on Wednesday. If they agree to it, we've offered to call the strike off," BALPA General Secretary Brian Strutton told Reuters, after a UK court rejected Ryanair's bid to block planned strike action. Ryanair BALPA members, whom the airline said represent half of their British-based pilots, voted 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.
An Irish court granted an injunction on Wednesday to prevent Ryanair's Dublin-based pilots from going on strike, but the airline suffered a setback hours later when a London court rejected a similar application for its British pilots. Ryanair is battling to prevent employees from taking industrial action. Last year strikes over pay and conditions forced the Irish airline to cancel hundreds of flights.
The Irish High Court on Wednesday granted Ryanair an injunction to prevent its Dublin-based pilots from going on strike later this week. Ryanair went to court to obtain an order against Forsa, the parent body of the Irish Air Line Pilots' Association (IALPA), to prevent the Dublin-based pilots from striking for 48 hours on Thursday and Friday. On Wednesday, Ryanair's legal counsel told the High Court that Forsa had not allowed for the mediation process to be completed before announcing the strike and claimed the strike would be in breach of an agreement made between the airline and the union last year.
lost a High Court bid to block a strike by its British pilots after a judge dismissed the airline’s request for an injunction, but the carrier said there would be minimal disruption to passengers ahead of the busy bank holiday weekend. Europe’s biggest budget carrier had sought an eleventh-hour injunction against the British Airline Pilots’ Association (Balpa) union, which had called for strike action on Thursday and Friday this week. The planned walkout would be the latest in a long-running battle between Ryanair and unions.
Belgium's CNE and ACV PULS trade unions have told members not to comply with a Ryanair request to staff flights affected by a planned strike by Portuguese crew from Wednesday, a letter sent to the airline seen by Reuters showed. Unions in Ireland, Britain, Spain and Portugal have announced plans to strike in the coming weeks, a year after a wave of strikes over pay and conditions forced Europe's largest budget carrier to cancel hundreds of flights. Ryanair has said it expects minimal disruption from the walkouts which are scheduled to begin with a five-day strike by Portuguese cabin crew trade union SNPVAC.
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.