Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

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

RYANAIR HOLDINGS PLC (RYA)
My previous session
Most popular
  Report  
SummaryChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsTweets
OFFRE

Ryanair : UK public pension group to oppose Ryanair at AGM

share with twitter share with LinkedIn share with facebook
share via e-mail
0
09/14/2018 | 05:07pm CEST
Ryanair pilots and cabin crew stage a 24-hour strike in Germany

LONDON (Reuters) - Ryanair faced growing criticism from unions and investors on Friday about how it has handled an industrial relations revolt ahead of its annual shareholder meeting next week when its veteran chairman's position will be challenged.

Britain's Local Authority Pension Fund Forum (LAPFF) recommended members vote against Ryanair's financial report at the Sept. 20 meeting and also oppose the re-election of Chairman David Bonderman.

The group, whose members schemes run around 230 billion pounds on behalf of teachers, cleaning staff and other public workers, said its recommendations reflected "significant concerns" about Ryanair's treatment of workers.

Ryanair has struggled with labour relations in recent months and endured its worst one-day strike last month, disrupting the plans of an estimated 55,000 travellers. Another one-day strike by cabin crew is planned across five countries on Sept. 28.

"Ryanair has failed to adequately address concerns about the company's troubled relationship with its employees and the potential impact on its business," LAPFF Chair Ian Greenwood said in a statement.

"The company faces more strikes and allegations of poor working conditions continue to emerge. Questions about the company's business model and governance now pose a threat to shareholder value."

Ryanair praised Bonderman in a statement as an "outstanding" chairman and predicted that "shareholders will pass all AGM resolutions by a large majority this year."

A day after Ryanair's received a boost by signing collective labour agreements with three unions in Italy, one of its major markets, it faced the prospect of the industrial strife spreading to Poland, one of its fastest growing markets.

Ryanair refused to accept the registration papers of a newly formed Polish union and threatened workers with redundancy if they did not accept self-employment contracts with its Polish subsidiary, Ryanair Sun, by September 30, the International Transport Workers' Federation (ITF) said in a statement.

A spokesman for Ryanair said that the ITF claims were false but declined to specifically respond to each one when asked to do so.

Britain's LAPFF said that Bonderman had been in the role too long and there were "significant doubts" about his independence. Bonderman has been in the job since 1996.

It could not immediately confirm how large a stake its members hold in the airline.

Bonderman also faces opposition to his reappointment from proxy-advisory firm Glass Lewis & Co and the ITF.

"Ryanair's employment issues highlight long-standing concerns about governance and in particular Mr Bonderman’s oversight role as chair of the board and his ability to influence the CEO, Michael O'Leary," Greenwood said.

(Additional reporting by Padraic Halpin and Graham Fahy in Dublin; Editing by Keith Weir)

By Simon Jessop and Maiya Keidan

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on RYANAIR HOLDINGS PLC
11:54aHuge amount of work on aviation needed in no-deal Brexit scenario - IATA
RE
09/21MICHAEL O'LEARY : Ryanair's O'Leary says reluctant to commit to five more years ..
RE
09/21RYANAIR : Shareholder ASI wants 'clear progress' on succession of Ryanair chairm..
RE
09/21DAVID BONDERMAN : Frustrated Ryanair investors target chairman after year of str..
RE
09/20RYANAIR : CEO sees chairman staying on in near term
RE
09/19RYANAIR : Belgian union rejects Ryanair offer ahead of planned strike
RE
09/19RYANAIR : BALPA union sees Ryanair industrial unrest continuing for foreseeable ..
RE
09/19RYANAIR : Spanish court rules former Ryanair pilot was employee not contractor
RE
09/18RYANAIR : aims for union agreement in Germany before Christmas
RE
09/14RYANAIR : UK public pension group to oppose Ryanair at AGM
RE
More news
News from SeekingAlpha
09/05Ryanair updates August traffic 
08/28Ryanair strikes deal with Italian pilots 
08/24RYANAIR : Deeply Undervalued Structural Winner In Consolidating European Airline.. 
08/23Ryanair higher after working deal with pilots 
08/15Consolidation Is Changing The Airline Industry 
Financials (€)
Sales 2019 7 825 M
EBIT 2019 1 449 M
Net income 2019 1 233 M
Debt 2019 352 M
Yield 2019 -
P/E ratio 2019 12,29
P/E ratio 2020 10,97
EV / Sales 2019 1,95x
EV / Sales 2020 1,68x
Capitalization 14 874 M
Chart RYANAIR HOLDINGS PLC
Duration : Period :
Ryanair Holdings plc Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends RYANAIR HOLDINGS PLC
Short TermMid-TermLong Term
TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 22
Average target price 16,8 €
Spread / Average Target 29%
EPS Revisions
Managers
NameTitle
Michael O’Leary Chief Executive Officer & Executive Director
David Bonderman Independent Executive Chairman
Peter Brendan Bellew Chief Operating Officer
Neil Sorahan Chief Financial Officer
John Hurley Chief Technology Officer
Sector and Competitors
1st jan.Capitalization (M$)
RYANAIR HOLDINGS PLC-12.65%17 467
DELTA AIR LINES2.52%39 689
UNITED CONTINENTAL HOLDINGS INC30.33%23 946
INTERNATIONAL CONSOLIDATED AIRLINES GROUP5.47%17 919
AIR CHINA LTD.-32.47%16 415
LUFTHANSA GROUP-24.97%12 821