We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Ryanair Holdings Plc | LSE:RYA | London | Ordinary Share | IE00BYTBXV33 | ORD EUR0.006 (CDI) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 14.415 | 14.40 | 14.41 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
By Joe Hoppe
Ryanair Holdings PLC said Friday that it has reached an agreement with its Irish pilots to accept pay cuts to minimize job losses in the wake of the coronavirus pandemic.
The four-year agreement--accepted by all Irish pilots--includes a 20% pay reduction, restored over four years, along with productivity improvements on rosters, flexible working patterns and annual leave, the low-budget airline said.
The British Airline Pilots Association and Ryanair U.K. pilots earlier this week accepted a similar deal to save jobs, with 20% pay cuts and productivity improvements. Agreements have been signed with the Forsa union for Irish-based cabin crew and UNITE for U.K. crew, accepting 10% pay reductions, fully restored over four years as well as productivity improvements. The cabin crew agreements are currently out to ballot.
"The strength of this acceptance demonstrates the commitment from our pilots in Ireland and the U.K. to work with Ryanair as we work our way through this crisis over the next number of years," Chief Executive Eddie Wilson said.
Shares at 0703 GMT were up 12 European cents (13 U.S. cents), or 1.1%, at EUR11.05.
Write to Joe Hoppe at joseph.hoppe@wsj.com
(END) Dow Jones Newswires
July 03, 2020 03:23 ET (07:23 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
1 Year Ryanair Chart |
1 Month Ryanair Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions