Ryanair shares rise despite renewed strike action threat

Ryanair shares are trading higher Wednesday, despite news that the budget Irish airline is facing a renewed threat of strike action from its Irish pilots. The news comes as the Irish pilot union awaits written confirmation of Ryanair’s union recognition agreement.

Ryanair shares rise despite renewed strike action threat

Ryanair shares are trading higher Wednesday, despite news that the budget Irish airline is facing a renewed threat of strike action from its Irish pilots. The news comes as the Irish pilot union awaits written confirmation of Ryanair’s union recognition agreement.

By 1125 BST, Ryanair shares were trading 1% higher at €15.15. Ryanair shares slumped last week as the strike action was announced and only recovered mildly Tuesday, as the airline began meetings with pilot unions.

Irish Union disappointed with meeting

Ryanair met with the Irish pilot’s union IMPACT Tuesday, to discuss the airline’s announcement that it would recognise unions for the first time in its history.

However, following the meeting, IMPACT said that the threat of pilot strike action was once again a possibility, due to the lack of official recognition from Ryanair at the meeting.

“While Ryanair management said they recognised IMPACT/IALPA for collective bargaining purposes at this evening’s meeting (19th December), they said they were unable to give the union a piece of paper to confirm this,” IMPACT aid in a statement.

“This is disappointing given all that’s been said in the media over the last five days.”

The statement added that Ryanair had taken away IMPACT’s proposals and that the union expected a quick response from the airline.

“A recognition agreement must be concluded by 12.00 (noon) on Thursday 21st December 2017,” IMPACT said. “The union reiterated its position that its mandate for strike action can be implemented, after the required notice is given, in the absence of a timely agreement.”

Ryanair working to ensure business is not disrupted

While the talks with Unions are ongoing, Ryanair has made clear its intention to ensure customer’s flights aren’t disrupted during the important Christmas period.

And, in addition to recognising pilot’s unions, the Irish airline added on its website, that it would also move to recognise cabin crew unions, too.

“As Ryanair’s statement of Fri 15 Dec made clear, Ryanair is moving to recognise unions, starting this week with meetings with Irish, German and Portuguese pilot unions,” Ryanair said in a statement. “It will lead on in the New Year to meetings with other EU pilot unions and cabin crew unions in due course as well.”

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