Ryanair shares closed lower Thursday as the budget airline grapples with numerous threats of strike action from cabin crew across its European network. The Air Traffic Control strikes in France are also continuing to hurt the Irish-based airline.
Ryanair shares closed 2.51% lower Thursday at €15.15. The stock has been moving broadly lower in recent weeks.
Ryanair strike problems
Ryanair is facing staff strikes on multiple fronts.
The airline’s Irish-based cabin-crew, represented by FORSA, are set to carry out strike action on July 12. That’s despite meetings between the airline and the union, as FORSA says the workers it represents still need to be receipt of improved pay, culture and rostering processes.
Ryanair has urged FORSA to meet it at the negotiating table to further discuss these details, rather than strike.
“Ryanair again calls on FORSA to call off, or at least postpone, next Thursday’s Irish pilot’s strike,” Ryanair said in a tweet, Thursday.
“Fórsa officials are currently considering the union's response to Ryanair's correspondence, which we received yesterday afternoon,” the union said in a statement to City A.M..
European strike action
Possible strikes by its Irish staff isn’t the only problem Michael O’Leary’s business is facing. Multiple unions across Europe are threatening strike action by the cabin crew they represent later in July.
Currently, Ryanair’s Italian cabin crew are set to strike for 24-hours on 25 July. And, cabin crew who work for Ryanair in Spain, Portugal and Belgium have said they will strike for 48 hours on 25-26 July.
These strikes are also related to pay and working conditions, the unions who represent the workers, say.
But, that’s not all. While those cabin crew strikes are looming, Ryanair – like many other airlines – are experiencing strike action by French Air Traffic Control.
Ryanair and British Airways owner IAG, are extremely unhappy at the amount of disruption the ATC strikes are causing and are set to formalise their complaints.
“These disruptions are unacceptable, and we call on the Governments, and the EU Commission to take urgent and decisive action to ensure that ATC providers are fully staffed and that overflights are not affected when national strikes take place, as they repeatedly do in France,” said Ryanair CEO O’Leary.