Ryanair shares are trading higher Thursday, despite news the budget airline has had to cancel 30 flights as some of its Irish pilots will go on strike after the latest round of talks over pay and conditions have failed.
By 1125 BST, Ryanair shares were 1.63% higher at €15.29. The stock has been volatile in recent months, although it’s a little higher than where it stood at the beginning of 2018.
Ryanair pilot strikes go ahead
The 30 cancelled flights are affecting the London-Ireland route as only a small proportion of the airlines Irish pilots have gone on strike. Indeed, all flights from Ireland to Europe will run as normal.
Ryanair officials attended seven hours of talks with Irish pilots’ union Forsa to discuss pay and working conditions, including proposals on seniority, annual leave and base transfers. However, those talks have failed and 94 of the airline’s 350 or so Irish pilots are taking industrial action against the airline.
This is the second pilot strike experienced by Ryanair since it announced it would recognise unions at the end of 2017. That move was prompted by mass staff disapproval of the firm following a severe pilot rota disruption over the summer of 2017.
“We have tried to avert this disruption,” Ryanair said. “We cannot rule out further disruptions in July and August,” the budget airline added.
While Ryanair said they have offered proposals that have been rejected, Forsa said the two groups were still in disagreement.
“[Ryanair] Management wanted it to cover a much broader range of issues than the pilots,” Forsa spokesman Bernard Harbor said. “We wanted them to deal specifically with these issues.”
There was a spark of positivity, however. “But certainly, there is some glimmer of hope that both sides could see a way to address this problem,” Mr Harbor added, according to news reports.