Tag: Michael O’Leary

Ryanair Agrees To Recognise Pilot Unions

Reading Time: 2 minutes Ryanair announced that it has written to the pilot unions in Ireland, the UK, Germany, Italy, Spain and Portugal inviting each of them to talks to recognise these unions as the representative body for pilots in Ryanair in each of these countries, as long as they establish Committees of Ryanair pilots to deal with Ryanair […]

Ryanair Pulls Out Of Alitalia Race

Reading Time: 1 minute Ryanair has announced its immediate withdrawal from the race to secure Alitalia following recent serious disruptions to its operations. The Irish LCC said in a statement issued on Wednesday, September 27, that in order to fully rectify the chaos caused by the re-rostering of flight crews’ leave, it had decided to remove all distractions to […]

Ryanair Crisis Continues, More Flights Are About To Be Cancelled

Reading Time: 2 minutes A NUMBER OF Ryanair pilots have rejected a cash bonus offer for them to work extra days this year and forego their holidays, and have threatened work to rule action. In a letter sent to management and seen the by the BBC and other outlets – a group representing staff at 17 of the company’s […]

Ryanair Eyes Up 90 Alitalia Planes And Their Routes

Reading Time: 1 minute Ryanair’s Chief Executive, Michael O’Leary, announced on Thursday, August 31, that the low-cost carrier intends to bid for 90 of Alitalia’s planes and associated routes. Although it has indicated that it intends to operate the planes with existing cabin crew and staff, some redundancies and aircraft lease restructuring will likely be required. Alitalia has been […]

Ryanair Posts 55% Profit Rise In First Quarter

Reading Time: 1 minute Ryanair has posted a 55% rise in first quarter profit to €397m. This result is distorted by the timing of Easter in the first quarter, with no holiday period in the prior year comparative. Traffic grew 12% to 35m as Ryanair’s lower fares and “Always Getting Better” (AGB) programme delivered a record 96% load factor. […]

Etihad Backed Alitalia Might Have Found A Saviour

Reading Time: 1 minute Europe’s largest airline by passengers has said it would invest in struggling carrier Alitalia if it would receive a majority stake in return. Etihad backed Alitalia entered administration in May after staff rejected a last minute restructuring deal that would have shed thousands of jobs but freed up enough cash for the airline to remain […]

Ryanair Posts Full Year Net Income Of €1.316 Billion

Reading Time: 6 minutes Ryanair, Europe’s No. 1 airline, reported a 6% increase in full year net profit to €1.316bn. The combination of a 13% cut in average fares, coupled with Year 3 of the “Always Getting Better” (AGB) programme delivered 13% traffic growth to 120m customers, and an industry leading 94% load factor. Unit costs fell by 11% […]

Ryanair Threatens Stricter Cabin Bag Rules

Reading Time: 2 minutes Ryanair has threatened to scrap its second free bag policy because passengers are attempting to pack “half the contents of their home” into them. The low-cost airline began allowing customers to bring along an additional smaller cabin bag free of charge in October 2013 as part of an overhaul of fees and charges aimed at […]

Ryanair CEO Says Brexit Will Likely Hurt Profits For Four Years

Reading Time: 2 minutes Ryanair Holdings Plc Chief Executive Officer Michael O’Leary said the fallout from Britain’s decision to quit the European Union will weigh on the discount carrier’s profit for as long as four years. The process of the U.K. negotiating its way out of the bloc, which could take two to four years, is set to depress […]