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Tag: Ryanair

Ryanair pilots vote for strike action

Ryanair pilots vote for strike action

Business
UK-based Ryanair pilots have voted to strike in a row over pay and conditions.The British Airline Pilots Association (Balpa) has announced two walkouts, one from 22-23 August, while the second strike will be from 2-4 September.It said pilots did not want to disrupt people's travel plans but felt they had no choice after "decades of Ryanair refusing to deal with unions".But the airline said the "ill-timed" strikes would endanger pilot jobs. It comes days after the budget airline warned of job losses following a sharp fall in quarterly profits to 21%, due to higher costs for fuel and staff, and reduced ticket prices.'Challenging summer'Balpa said its members have many disagreements with the airline, including over pensions, loss of licence insurance, matern...
Ryanair post first loss since 2014 amid fare cuts

Ryanair post first loss since 2014 amid fare cuts

Business
Ryanair posted a net loss of €19.6m (£17.2m) for the last three months of the year, its first quarterly loss since March 2014.The airline carried 32.7 million passengers compared with 30.4 million for the same period a year earlier as revenue rose 9% to €1.53bn.But the airline said "excess winter capacity in Europe" cut its profit.Ryanair said chairman David Bonderman will leave in the summer of 2020.While the company blamed too many airlines chasing too few passengers, costs may be the real problem, industry experts said.The company's fuel bill leapt 32% and its staff costs rose 31%. In total, Ryanair's operating costs rose 20% to €1.54bn."The heart of the big drop in their profitability is that their fuel costs are very high this ye...
Ryanair issues profit warning as fares fall

Ryanair issues profit warning as fares fall

Business
Ryanair has cut its profit forecast blaming lower-than-expected air fares. The airline's chief executive, Michael O'Leary, said Ryanair could not rule out having to cut fares further. Fares are expected to fall 7% this winter.He said the low fares were already causing problems for rivals, including Flybe which was rescued last week.Full-year profits are now expected to be in a range of €1.0bn to €1.1bn (£880m to £970m), compared with its previous forecast of €1.1bn to €1.2bn.The profit forecast has been cut despite Ryanair saying it expects to carry more passengers than forecast.It had previously warned on profits in October.Mr O'Leary said there was too much capacity on short-haul routes in Europe this winter, adding that ...
Enforcement action against Ryanair over rejected compensation claims

Enforcement action against Ryanair over rejected compensation claims

Business
The airline regulator has begun enforcement action against Ryanair for refusing to compensate passengers for strike disruption. The UK's Civil Aviation Authority (CAA) - which is no stranger to disputes with the no-frills carrier - said its decision followed the company's move to terminate its working relationship with a body designed to resolve customer complaints.The watchdog said widespread strikes involving Ryanair workers over the summer were not "extraordinary circumstances" and were therefore not exempt from EU compensation rules, as the airline had argued. Image: Ryanair boss Michael O'Leary has been working to improve industrial relations within the company The company was hit by a series of walkouts by p...
France impounds Ryanair plane on tarmac before take-off

France impounds Ryanair plane on tarmac before take-off

World
Storms, strikes, computer failures — you can now add "your plane has been seized by the government" to the list of things that can delay your flight. In France, 149 passengers were preparing to take off for London late Thursday when French authorities ordered their Ryanair Boeing 737 impounded. The budget carrier owed money and it was "regrettable that the state was forced" to evacuate the plane, the civil aviation authority said. The passengers had gone through passport control and security and were about to walk on the tarmac to board the plane when airport authorities told them to turn around, passenger Boris Hejblum said. "The airport staff told us there was an issue with the plane," he told The Associated Press in an email. No Ryanair staff members were available, and the only...