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

RYANAIR HOLDINGS PLC

(RY4C)
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Ryanair UK pilots to decide by Wednesday on plan to limit job losses

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06/29/2020 | 02:12pm EDT
FILE PHOTO: Outbreak of the coronavirus disease (COVID-19) in Dublin

Ryanair's British pilot union is to announce on Wednesday whether its members have backed an agreement brokered with management to mitigate the loss of 334 pilot jobs by agreeing to series of measures including a 20% pay cut, the union said.

It did not say how many jobs might be saved.

The British Airline Pilots Association said it had negotiated with Ryanair "to mitigate the potential loss of 334 UK pilot jobs," which the airline had notified the union of on May 18.

"To do this we have jointly developed a range of measures including a 20% temporary pay reduction which will be restored to 100% over the next four years," a spokeswoman said.

Members are due to take a final decision on the proposed deal, with the final result to be made public on Wednesday, she said.

Europe's largest low-cost carrier is facing union resistance in a number of markets at plans to cut pay by up to 20% and axe up to 3,000 jobs. It has said the number of job cuts might be smaller if staff agree to pay cuts and productivity improvements.

Ryanair has bypassed its Irish union, which rejected similar proposals, and asked pilots there to directly accept a deal that included a temporary 20% pay cut to minimise job cuts.

(Reporting by Alistair Smout; writing by Conor Humphries; editing by Barbara Lewis)

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Financials
Sales 2020 8 473 M 9 623 M 9 623 M
Net income 2020 831 M 944 M 944 M
Net Debt 2020 1 071 M 1 217 M 1 217 M
P/E ratio 2020 15,1x
Yield 2020 -
Capitalization 11 370 M 12 868 M 12 912 M
EV / Sales 2019
EV / Sales 2020 1,47x
Nbr of Employees 19 000
Free-Float 95,1%
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Number of Analysts 21
Average target price 13,05 €
Last Close Price 10,62 €
Spread / Highest target 88,3%
Spread / Average Target 22,9%
Spread / Lowest Target -14,3%
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Michael O'Leary Group Chief Executive Officer & Executive Director
Stan McCarthy Non-Executive Chairman
Neil Sorahan Chief Financial Officer
John Hurley Chief Technology Officer
Julie O'Neill Independent Non-Executive Director
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