62.97 0.00 (0.00%)
After hours: 4:42PM EDT
|Bid||63.01 x 1300|
|Ask||63.05 x 800|
|Day's Range||62.55 - 63.29|
|52 Week Range||55.75 - 98.55|
|Beta (3Y Monthly)||1.15|
|PE Ratio (TTM)||9.73|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Conflicting fortunes Thursday for Ryanair staff, and the Ryanair boss. Europe's largest budget airline says it plans to cut as many as 700 positions. Some could go at the Dublin headquarters. At least some will be compulsory redundancies. The move comes after the airline said it had a surplus of 500 pilots. It's a different story though for high-profile boss Michael O'Leary. On Thursday (September 19) Ryanair shareholders narrowly approved a bonus scheme that could see him pocket 100 million euros over five years. That's about 111 million dollars. To get the payout O'Leary has to either double profitability or double the share price within the period. One stumbling block to that in the near term: the airline's Boeing MAX jets are still stuck on the ground. The type has been out of operation for months following two fatal crashes at other airlines. Boeing hopes to get the all-clear for U.S. flights before the end of the year. But on Thursday O'Leary said it could be February or March before they're flying again in Europe.
Europe's budget airlines faced fresh trouble on Monday (September 2) morning. Ryanair, the region's biggest, enduring a second multi-day strike by its British-based pilots. The airline says travelers should see minimal disruption. But the stoppage is just the latest in a summer of discontent for the airline. Industrial action by Spanish staff is also ongoing. The problems come as Ryanair has a management reshuffle. High-profile boss Michael O'Leary is set to become group head. Veteran insider Eddie Wilson takes over as boss of Ryanair itself. And he should find the labour unrest no surprise, as he's been in charge of talks with unions for the past two years. Meanwhile, Ryanair rival Norwegian has asked bondholders for help with its heavy debts. The airline wants to put back the repayment date on its bonds. It's pledging valuable takeoff and landing slots at London Gatwick as security. Norwegian's financial troubles have calmed in recent months. But this year it has been battered by the grounding of its Boeing MAX jets. After a sharp initial dip, Norwegian shares rose as much as five percent Monday on news of its debt plan.
Having endured high costs and low capacity issues due to the MAX groundings, Ryanair (RYAAY) now expects the aircraft to again take off come February or March.
One of the world’s oldest travel agents Thomas Cook is on the brink of collapse as the demise of package holidays, hot weather and financial turbulence causes the perfect storm.
Ryanair pilots based in the United Kingdom have canceled five days of strikes set for this month, as unions and the low-cost airline gear up for further talks. Strikes set for September 21, 23, 25, 27 and 29 will not go ahead, Ryanair said, as it called on the pilots to resume discussions in the East Midlands or in Dublin next week. The pilots, who are members of pilots union BALPA, announced the strikes earlier this month, after earlier walkouts caused little disruption.
Ryanair's Chief Executive Michael O'Leary narrowly secured approval from shareholders on Thursday for a bonus scheme that could earn him 100 million euros over five years as he revealed up to 700 pilots could lose their jobs. The Irish low-cost carrier, Europe's largest, has been battered by industrial disputes and the grounding of Boeing's flagship 737 MAX. Having suffered from a shortage of pilots just a couple of years ago, O'Leary told investors there are now too many.
Ryanair thinks February or the start of March is the most realistic timetable for it to start flying the grounded Boeing 737 MAX aircraft, CEO Michael O'Leary said on Thursday. The Federal Aviation Administration (FAA) needs to approve proposed software and training changes by Boeing for the best-selling plane that has been grounded since March in the aftermath of two fatal crashes in five months. Major U.S. airlines have cancelled flights of the MAX into December, while Southwest Airlines Co has cancelled flights into early January.
Ryanair members of pilots union BALPA announced a further seven days of strikes earlier this month, after their latest walkout came to an end, having caused little disruption for the low-cost airline. Widespread strikes over pay and conditions a year ago forced Ryanair to cancel hundreds of flights, hitting its profits in the busy summer months. BALPA members had planned to walk out again on Sept. 18, 19, 21, 23, 25, 27 and 29.
Ryanair thinks February or the start of March is the most realistic timetable for it to start flying the grounded Boeing 737 MAX aircraft, CEO Michael O'Leary said on Thursday. The Federal Aviation Administration (FAA) needs to approve proposed software and training changes by Boeing for the best-selling plane that has been grounded since March in the aftermath of two fatal crashes in five months. Major U.S. airlines have canceled flights of the MAX into December, while Southwest Airlines Co has canceled flights into early January.
Ryanair investors have registered a big protest vote against pay after long-serving chief executive Michael O’Leary was granted a bonus that could be worth as much as €99m. Almost half of the airline’s shareholders failed to back its remuneration report, which received support from only 50.5 per cent. Mr O’Leary admitted it was a “particularly sensitive” remuneration report.
With American Airlines (AAL) and United Airlines (UAL) extending the grounding tenure of Boeing 737 Max jets, the possibility of the jets flying this year lessens.
Eddie Wilson takes charge as the chief executive of Ryanair's (RYAAY) main airline while Michael O'Leary now becomes the chief executive officer of Ryanair Group.
Ryanair flights to and from Britain were running as scheduled as some of its British-based pilots began a three-day strike which the airline said it did not expect to disrupt any travel on Monday. Widespread strikes over pay and conditions a year ago forced Ryanair to cancel hundreds of flights, hitting its profits in the busy summer months. The Irish budget airline, Europe's largest, said its first flights to and from UK airports operated with 95% punctuality, blaming air traffic control delays for the slight slippage.
Ryanair has appointed veteran executive Eddie Wilson as chief executive of Ryanair's main airlines business, but he will report to Michael O'Leary who will become CEO of the Ryanair Group, which also includes the Laudamotion and Buzz brands. Wilson, who has worked at Ryanair for 22 years, has been in charge of negotiations with unions for the past two years as chief people officer.
Airlines that have beaten market expectations and generated good balance sheet figures have not been cheered for Continue reading...
Ryanair's (RYAAY) decision to close four bases in Spain is likely to result in multiple job losses. The move is being opposed vehemently by the Spanish unions.
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.