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

RYANAIR HOLDINGS

(RY4C)
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Ryanair : Spanish cabin crew unions threaten 10 days of strikes

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08/14/2019 | 08:23am EDT
FILE PHOTO: Ryanair logo is pictured ahead of a news conference by Ryanair union representatives in Brussels

DUBLIN (Reuters) - 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.

The low-cost carrier, Europe's largest, managed to quell a series of industrial disputes last year by reaching recognition agreements with a number of unions in Europe and deals on pay and conditions with some.

But it has yet to move beyond recognition agreements with others and management angered staff two weeks ago by informing them it had 900 more pilots and crew than needed due to delays in the delivery of the grounded Boeing 737 MAX.

The SITCPLA and USO workers' unions said the threat of strike action was aimed at preventing the planned closure of bases at Gran Canaria, Tenerife South and Girona airports.

In a statement the unions said they planned to formally lodge notice of strikes on Sept. 1, 2, 6, 8, 13, 15, 20, 22, 27 and 28, unless Ryanair made concessions in the coming days.

SITCPLA spokesman Manuel Lodeiro said in a statement the unions were open to mediation by Spanish labor agency SIMA but added "we doubt very much the willingness of Ryanair to reach an agreement."

Ryanair did not immediately respond to a request for comment.

(Reporting by Conor Humphries and Ashifa Kassam; editing by David Evans)

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Financials (EUR)
Sales 2020 8 337 M
EBIT 2020 939 M
Net income 2020 800 M
Debt 2020 1 085 M
Yield 2020 -
P/E ratio 2020 13,9x
P/E ratio 2021 10,6x
EV / Sales2020 1,46x
EV / Sales2021 1,41x
Capitalization 11 062 M
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Mean consensus HOLD
Number of Analysts 23
Average target price 11,01  €
Last Close Price 9,94  €
Spread / Highest target 40,8%
Spread / Average Target 10,8%
Spread / Lowest Target -19,5%
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Managers
NameTitle
David Bonderman Independent Executive Chairman
Peter Brendan Bellew Chief Operating Officer
Neil Sorahan Chief Financial Officer
John Hurley Chief Technology Officer
Kyran McLaughlin Senior Independent Non-Executive Director
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