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MarketScreener Homepage  >  Equities  >  Irish Stock Exchange  >  Ryanair Holdings plc    RY4C   IE00BYTBXV33

RYANAIR HOLDINGS PLC

(RY4C)
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Delayed Quote. Delayed Irish Stock Exchange - 08/04 11:32:26 am
11.11 EUR   +1.97%
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Ryanair : Irish pilots agree to talks as strike looms

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08/13/2019 | 01:29pm EDT
FILE PHOTO: A Ryanair Boeing 737 plane takes off at the Riga International Airport, Latvia

DUBLIN (Reuters) - 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 recognise 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 favour of industrial action on Friday after accusing Ryanair of stalling on talks since pay demands were submitted in late March.

About a quarter of Ryanair's 350 pilots in Ireland staged a series of one-day strikes this time last year before concerns on transfers and promotions were settled. The talks on Wednesday will be overseen by the same mediator who brokered that deal.

"A substantive and meaningful counter-proposal from Ryanair management, which properly addresses all areas of the union’s claim, would need to be tabled tomorrow to prevent strike action next week," Forsa/IALPA said in a statement on Tuesday.

Members of Ryanair's British pilots union will stage the first of two multi-day strikes on Aug. 22, a day after Portuguese cabin crew are due to begin five days of action. Pilots in Spain are also considering a walk out.

Ryanair managed to quell last year's 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 staff by informing them two weeks ago that it had 900 more pilots and crew than it needed.

(Reporting by Padraic Halpin; Editing by Mark Potter)

Stocks mentioned in the article
ChangeLast1st jan.
MEMBERS CO., LTD. 3.85% 1483 End-of-day quote.-34.87%
RYANAIR HOLDINGS PLC 1.97% 11.11 Delayed Quote.-24.06%
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Financials
Sales 2021 3 071 M 3 629 M 3 629 M
Net income 2021 -660 M -780 M -780 M
Net Debt 2021 2 480 M 2 931 M 2 931 M
P/E ratio 2021 -20,4x
Yield 2021 -
Capitalization 12 110 M 14 254 M 14 311 M
EV / Sales 2021 4,75x
EV / Sales 2022 1,95x
Nbr of Employees 17 000
Free-Float 95,2%
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Number of Analysts 23
Average target price 13,31 €
Last Close Price 11,11 €
Spread / Highest target 80,0%
Spread / Average Target 19,8%
Spread / Lowest Target -15,6%
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NameTitle
Michael O'Leary Group Chief Executive Officer & Executive Director
Stan McCarthy Non-Executive Chairman
Neil Sorahan Group Chief Financial Officer
Tracey McCann Chief Financial Officer
John Hurley Chief Technology Officer
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