Ryanair warns pilots against strikes, but sees benefits on track | Main news

DUBLIN (Reuters) – Ryanair warned Monday its cabin crews and its pilots that some of them could lose their jobs if they continued with a series of strikes, but that despite everything, they were On Track to Achieve Their Annual Benefit Objectives The lowest-cost Irish airline, Europe's largest, is facing its worst week of strike, with more than 300 of its 2,400 daily flights canceled Wednesday and Thursday due to Crew stops in Spain, Portugal, Italy and Italy. Belgium

But the airline has exceeded the forecasts of Analysts Monday and recorded a 319 million euros over the past three months until June 30. Although earnings fell 20% year on year, it surpbaded the average estimate of a 305 million euro company badyst survey.

He stated that revenue growth from additional options increased 25% during the quarter, helping to offset a 4% decline in average rates and higher fuel and staff costs.

The airline has reaffirmed its forecast earnings for the year of between 1,250 million euros and 1,350 million euros, below a record 1,450 million euros. during the fiscal year ended March 31.

"Strikes are bad for confidence and create short-term risks to profits, but they should not affect Ryanair's long-term competitive position, cost leadership, financial strength, or cash ". note Liberia badyst Gerald Khoo.

Ryanair shares fell 6% to 14.60 euros at 7.30 GMT, which corresponds to a 12-month intraday trough reached in December, when the airline announced its intention to recognize the unions. The price is almost 25 percent lower than a historic high of 19.38 euros touched last August.

The results are known after EasyJet, the second-lowest-cost airline in Europe, increased its earnings forecast by saying that it was expecting to increase its results to 45 percent this year. Norwegian Air Shuttle also exceeded expectations early July with net profit in the second quarter.