Ryanair shares fall as it cancels 190 Friday flights due to strike action

Ryanair shares are lower Wednesday after the Irish budget airline confirmed it has cancelled 190 flights this Friday, due to industrial action by some of its European-based cabin crew.

Ryanair shares fall as it cancels 190 Friday flights due to strike action

Ryanair shares are lower Wednesday, as the Irish budget airline announced it had cancelled 190 flights on its Friday schedule, due to planned industrial action. Some cabin crew based in Holland, Spain, Belgium Italy, Portugal and Germany are striking in protest of being employed under Irish law.

In addition, to that news, Ryanair has agreed a CLA with the Italian unions representing the bulk of its cabin crew staff there.

By 1055 BST, Ryanair shares were 0.38% lower at €12.95. The stock has been mixed in recent weeks amid a tough backdrop.

Ryanair cabin crew strikes

Ryanair confirmed the cancellation of around 8% of its scheduled flights this Friday September 28th and apologised for the disruption.

“We sincerely apologise to those customers affected by these unnecessary strikes on Friday, which we have done our utmost to avoid, given that we have already offered these unions recognition agreements, Collective Labour Agreements, and a move to local contracts/law in 2019,” said Ryanair’s chief marketing officer, Kenny Jacobs.

“We hope these unions will see common sense and work with us to finalise agreements for the benefit of our pilots and cabin crew over the coming weeks without further disrupting our customers or our flights,” Jacobs said.

Ryanair said that the Italian cabin crew staff was led by a minor union and a tiny number of local staff there. The airline added that its local European staff were being coerced by competitor airlines to take action, despite Ryanair’s commitment to placing all its staff on local contracts in 2019.

Italian cabin crew union CLA

Indeed, the news that some Italian cabin crew staff are set to strike Friday came as a surprise as the budget airline announced it had reached a Collective Labour Agreement with three unions who represents the majority of its Italian cabin crew.

“We have signed a CLA with the 3 Italian cabin crew unions, which will cover all of our Italian based cabin crew, will lead to significant pay improvements and other benefits for our Italian based cabin crew, and will start from next month,” Ryanair’s chief People Officer, Eddie Wilson said.

“We have again invited our German, Portuguese and Spanish unions to meet with us so that we can negotiate and hopefully agree similar CLAs in these other larger markets,” Wilson added.

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