Ryanair shares fall as strike action leads to 250 flight cancellations

Ryanair shares are lower Friday, as the Irish airline has cancelled 50 flights due to industrial action from its European-based staff.

Ryanair shares fall as strike action leads to 250 flight cancellations

Ryanair shares are lower Friday, as the budget Irish airline has cancelled 250 flights from its Friday schedule due to strike action. The airline said earlier in the week that some 190 flights had been cancelled, however, additional industrial action announced Thursday, meant that number increased.

By 1315 BST, Ryanair shares were 0.42% lower at €13.10. The stock has been broadly lower in recent weeks’ activity.

Ryanair flight cancellations

Earlier this week, Ryanair announced the cancellation of 190 of its scheduled flights due to industrial action by some of its European-based cabin crew. However, that number has risen to 250 following the strike action from the airline’s German pilots.

Ryanair announced the added action from some of its German staff and called the planned strike action “unnecessary”.

“It is deeply disappointing that some of our customers and our people in Germany tomorrow will have their flights disrupted by an unnecessary strike called at short notice by the Lufthansa controlled VC Union,” said Ryanair’s chief operations officer, Peter Bellew.

“Having spent over 7 hours in direct negotiations with the VC in Frankfurt on Tues, and having provided them with written agreement to their demands within 24 hours, it is deeply regrettable that the VC call another unnecessary strike within 5 hours of receiving our letter,” Bellew added.

No explanation for strike

Ryanair also said that the VC Union had given no reason for this additional strike action and have continued to ignore the budget airline’s negotiations.

“It is inexplicable that the VC Union cannot explain why they are calling a strike to agree a CLA when Ryanair has already agreed in writing to arbitration in Germany, which will complete a German CLA by the end of October for the benefit of our pilots in Germany,” Bellew said.

Ryanair has struggled with staff strike action and flight cancellations since the summer of 2017, when a staff rostering mistake meant numerous flights were unable to operate, affecting some 400,000 passengers.

Since then, Ryanair now officially recognise pilot and cabin crew unions. However, the negotiations have been protracted, with a number of unions and groups of Ryanair staff, still unhappy.

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