[ad_1]
Increased costs
Higher oil prices also played an important role in reducing the profits of April to June nearly 20% to 319 million euros ]
Ryanair will face further strikes in the next days. Pilots in Dublin will protest on Tuesday, and later in the week demonstrations will take place in other European countries.
Ryanair also added that the average prices of the summer tickets will be lower than expected. This is due to the serious competition, the hot wave in Northern Europe and the insecurity caused by the staff strikes.
The airline reported that personnel costs increased by 34% due to 20% increase in pilotage and an overall wage increase of 3% for non-flying personnel
However, the Company plans to hedge its annual earnings guidance in the range of 1.25-1.35 billion euros. Shareholders are disappointed, however, shares are down 5% Monday
Staff Strikes
Airline personnel continue to fight for better wages and working conditions. The Irish pilots held two 24-hour strikes, protesting again on Tuesday
. This week, 300 of the 2400 daily flights will be canceled Thursday and Friday due to strikes in Spain, Portugal, Italy and Belgium.
"Although we continue to actively work with pilots and cabin crews across Europe, we are expecting more shocks during the busiest summer season," said Michael O. Leary
Brexit
The airline also expressed concern about the dangers of hard Brexit warning that the risk of this is "under- valued." We may be forced to restrict the voting rights of all shareholders The European Union, in case of "hard" Brexit, to ensure that Ryanair remains a majority shareholder of the shareholders of the EU, "warned The airline
No reviews available.
[ad_2]
Source link
