🐂 Not all bull runs are created equal. November’s AI picks include 5 stocks up +20% eachUnlock Stocks

Ryanair strikes disrupt 40,000 passengers across Europe

Published 09/28/2018, 10:01 AM
Updated 09/28/2018, 10:32 AM
© Reuters. Stranded passengers of low-cost air carrier Ryanair queue for hotel vouchers or new tickets during European wide protests and strikes for Ryanair employees in demand for better working conditions  at Fraport airport in Frankfurt
EZJ
-
0RYA
-

By Daphne Psaledakis and Michael Serr

BRUSSELS/FRANKFURT (Reuters) - A staff walkout at low-cost carrier Ryanair (I:RYA) grounded planes in six European countries on Friday, disrupting the plans of more than 40,000 passengers.

Europe's largest low-cost carrier has faced multiple strikes since it bowed to pressure to recognize trade unions for the first time in December, with staff stepping up pressure in talks over pay and conditions.

The impact on the airline's bookings has forced it even to consider cutting its short-term growth plans.

Cabin crews in Germany, Belgium, Portugal, the Netherlands, Spain and Italy, as well as pilots in Germany, began a 24-hour walkout as airspace opened on Friday.

"They don't care about us. We are just numbers. We are lemons to be squeezed and thrown away," said Juan Fernandez, a former Ryanair employee who joined protesters at Brussels airport.

Strikers at the airport held up placards with the message 'RYANAIR MUST CHANGE'.

Ryanair, which initially canceled 150 flights due to what it said was an unnecessary strike by a "tiny minority of cabin crew", canceled up to 100 more on Thursday after German pilots said they would join the protest.

The Irish airline on Friday said that more than 2,150 of its 2,400 scheduled flights would operate as normal.

The action in some of Ryanair's largest markets will be its second-biggest one-day strike. About 55,000 customers were affected in August when pilots in five European countries walked out at the height of the summer holiday season.

BOOST FOR RIVAL

The strikes have boosted rival easyJet (L:EZJ), which forecast annual profit at the upper end of expectations on Friday, benefiting from robust demand and cancellations at Ryanair.

Shares in Ryanair were 0.2 percent higher at 13.18 euros by 1240 GMT, having fallen 20 percent since the action ramped up in mid-July.

Ryanair says it has made significant progress during negotiations in recent weeks, including reaching collective labor agreements with staff in Ireland, Britain, Italy and Germany.

The dispute in other markets chiefly centers on Ryanair's practice of employing a large proportion of its staff under Irish law, which unions say inconveniences staff and impedes them from accessing local social security benefits.

Hans Elsen, secretary of Belgium's LBC-NVK union, said that even though Ryanair's chief executive Michael O' Leary has said he offered unions what they wanted, LBC-NVK never got it on paper and cannot take what he says in the media as an offer.

The union represents about 90 cabin crew and pilots in Brussels.

A spokesman for Ryanair said the company has already written to the unions in Belgium and all other EU countries, offering to implement local law, social taxes and to accept local court jurisdiction.

In Frankfurt, German pilots' union Vereinigung Cockpit (VC) warned of more action.

© Reuters. Stranded passengers of low-cost air carrier Ryanair queue for hotel vouchers or new tickets during European wide protests and strikes for Ryanair employees in demand for better working conditions  at Fraport airport in Frankfurt

"If need be, there will be further strikes. We have no other solution. We want the company to change," union representatives Ingolf Schumacher told Reuters.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.