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Ryanair aims to double the number of routes and passengers it flies to Jordan next year following rapid growth since launching flights to the country last year, the head of Europe's biggest budget airline told Reuters. The Irish airline, which began flying to Jordan in February 2018, currently operates 14 routes to the capital Amman and the Red Sea port city of Aqaba, and will add four new routes for the winter season in Europe. After talks with Jordanian officials, Chief Executive Michael O'Leary said he expected to reach around 1 million passengers in 2020 from the roughly 500,000 expected this year.
Lufthansa on Friday lost its court challenge against millions of euros in state aid being granted to Frankfurt-Hahn airport to the benefit of rival Ryanair, after failing to prove the payments dented its revenue or market share. The support given to the airport, which is only used by Ryanair and Wizz Air, included capital increases totalling 49 million euros (42.40 million pounds), direct grants and a charging scheme. The German airline argued that many of the benefits of the aid were passed on to Ryanair, which was not paying high enough airport charges.
The agreement governing pay and conditions was negotiated between Ryanair and the Portuguese pilot union SPAC to cover all of the airline's directly employed pilots in Portugal, the carrier said. Ryanair has been struggling with labour relations since it bowed to pressure to recognise unions for the first time almost a year ago. The airline had said in October that it had reached an agreement with its Portuguese pilots on seniority and home base issues, looking at the time to end a damaging series of strikes that had hurt its business.
FRANKFURT (Reuters) - Two deadly crashes involving Boeing's 737 MAX jet have not changed Ryanair's plans to buy the model, an executive of the Irish airline told Reuters on Thursday. "Nothing changes ...
Ryanair's flight schedules will not be affected by the grounding of the Boeing 737 MAX jet, the budget airline's chief legal and regulatory officer said on Thursday. The United States joined countries around the world in grounding the 737 MAX on Wednesday, following a fatal crash in Ethiopia on Sunday. Ryanair has ordered 135 737 MAX 200s, a modified version of the MAX 8, and has options on 75 more.
Ryanair is not planning to make any changes to the delivery of its first Boeing 737 MAX airplane next month in light of the crash of an Ethiopian Airlines jet, chief executive Michael O'Leary was quoted as saying on Monday. China and Indonesia grounded their fleets of Boeing's 737 MAX 8 aircraft after the fatal crash. Ryanair has ordered 135 of the 737 MAX 200 planes, a modified version of the MAX 8, and has options on 75 more.
Ryanair has triggered contingency plans to restrict the voting rights of British shareholders if it leaves the European Union without a deal on future relations or quits both the EU customs union and single market in a "hard" Brexit scenario. Ryanair announced last year it would have to restrict the rights if UK shareholders ceased to qualify as European Union nationals to ensure it remained majority EU-owned to comply with its licensing and flight rights. Its board passed a number of resolutions on Friday which will become effective on the date British nationals become non-EU nationals, Europe's biggest low cost airline said in a statement.
The head of Dutch airline KLM sought on Wednesday to ease a Franco-Dutch row over share purchases in parent group Air France-KLM by the Dutch government - as low-cost airline chief Michael O'Leary gleefully stoked the embers of the dispute. France, which owns 14 percent of the airline group, clashed with the Netherlands when the Dutch government abruptly bought a matching 14 percent stake in order to counter French influence over a group disproportionately heavily reliant on KLM profits.
Ryanair, which has faced a series of strikes across Europe over the last year, has made significant progress in union talks in recent months and has said it hopes to come to agreements with unions in all its main markets before the end of March. Ryanair said it had reached an agreement with the VC union, which was responsible for Ryanair's first ever pilot strike in Dec. 2017, on pay and allowances for a four-year period.
Flight operations resumed at Dublin airport following a brief suspension on Thursday due to the confirmed sighting of a drone over the airfield, Ireland's largest airport said. The airport told passengers on its Twitter page that it had suspended operations at 1149 GMT, before resuming 15 minutes later. It was the first time a drone had caused disruption at an Irish airport.
Belgian pilots have overwhelmingly voted in favour of a deal with Ryanair on pay and rosters, the Belgian cockpit association (BeCA) said on Friday. The BeCA said that 98.5 percent of those participating in a secret ballot had voted in favour of the deal that the association said guaranteed stability for pilots for the next four years and harmonised working conditions and pay for all pilots based in Belgium. It is now up to Ryanair to establish an appropriate local management structure that will guarantee the quick implementation of these commitments," BeCa said in a statement.
Ryanair's Chief Executive Michael O'Leary could earn almost 100 million euros (£88 million) if he doubles either the profitability or share price of the carrier within five years, under a new share option scheme announced on Friday. Under the new options scheme he will be granted the option of buying 10 million shares at the current share price of 11.12 euros if he either increases annual profit to 2 billion euros from a forecast of 1-1.1 billion in the current financial year, or if the share price rises to 21 euros, the airline said. "The terms of the options will require him to double Ryanair's profitability to 2 billion euros per annum and/or increase the share price to 21 euros per share over the next five years to qualify for all of these options," Ryanair said in a statement.
Holiday airline Germania collapsed on Tuesday, succumbing to wider sectoral woes after failing to secure financing to navigate a short-term cash squeeze, cancelling all flights immediately. The insolvency of the German company, which carried about 4 million passengers a year, follows the failure of Germany's second-biggest carrier, Air Berlin, in 2017 and underscores the turbulence in the European airline industry. Britain's Monarch Airlines and Alitalia also filed for insolvency in 2017, with German charter carrier Small Planet Airlines hitting financial trouble last year after an expansion drive.
A six percent drop in fares plunged Ryanair to its first quarterly loss since 2014 and Europe's biggest budget airline said overcapacity was likely to continue driving ticket prices lower, albeit at a slower pace. Monday's warning of more tough trading came as the Irish company said it had secured the services of its long-standing chief executive Michael O'Leary for another five years. The 57-year-old, who has led Ryanair for the past 25 years, will move to be CEO of a new group structure, overseeing the firm's four airline subsidiaries.
Ryanair may look to buy back shares in the event of a no-deal Brexit to use it as an opportunity for its British shareholders to dispose of stock due to restrictions on their voting rights, Chief Executive Michael O'Leary said on Monday. Ryanair reiterated on Monday that in the event of a hard Brexit, it will place restrictions on the voting rights and share sales of non-EU shareholders for a period of time to ensure it remains an European Union-owned and controlled airline, even if Britain exits the EU without a deal. "In the event of a hard Brexit, we may have a small majority of non-EU shareholders and I think we will be timing another share buyback at the same time as we would be imposing restrictions on all non-EU shareholders and facilitate some of those being able to dispose of their non-EU shares," O'Leary told an analyst call.
Irish budget airline Ryanair has acquired the remaining quarter of its Austrian unit Laudamotion for an undisclosed price, it said on Tuesday. Europe's largest budget carrier previously owned a 75 percent stake in Laudamotion. Former Formula One racing champion Niki Lauda, who last year bought back and re-branded the airline he founded, gave Ryanair the option to buy the whole carrier.
Ryanair suffered a number of strikes last year by pilots and cabin crew, forcing it to cancel hundreds of flights across Europe, after the airline recognised unions for the first time in 2017. The airline and the unions are working on a collective labour agreement which they both hope to conclude on or before April 30, Ryanair said in a statement. Unions representing the cabin crew in Spain had called off plans to strike Jan. 10 and Jan. 13 after reaching a preliminary agreement on contracts earlier this month.
Vienna Airport (VIEV.VI) said on Tuesday it expects 2019 net profit to rise 10 percent, helped by an increase in the number of passengers, who it hopes will be lured by new long-haul routes and more low-cost offers. Vienna Airport, which will publish 2018 earnings on Feb. 26., said it expects earnings before interest, tax, depreciation and amortisation (EBITDA) to exceed 370 million euros this year. The group reported an 11.3 percent increase in passengers last year to a record high 34.4 million and forecast passenger growth of 8 to 10 percent to more than 38 million travellers this year.
The union representing Ryanair's (RYA.I) British pilots said it and its sister associations around Europe would not continue labour talks with the budget airline while it uses the threat of base closures "to bully its staff". "If Ryanair wishes to avoid a return to the industrial uncertainty and unrest of 2018, we suggest that senior management should consider abandoning the age-old failed practices of bullying their staff to enforce their way," British pilots association BALPA said on Friday. The European Cockpit Association (ECA) said on Wednesday that unions in several countries had suspended talks in protest at what they see as Ryanair's use of the threat of base closures as a bargaining tool.
Ryanair (RYA.I) pilot unions in several countries have suspended talks with management in protest at what they see as the airline using the threat of base closures as a bargaining tool in labour talks, the European Cockpit Association (ECA) said on Wednesday. The unions include those representing pilots in two of Ryanair's biggest markets, a union source told Reuters, declining to name which markets they were. The temporary suspension is a reaction to Ryanair's closure of bases in the Dutch city of Eindhoven and Bremen in Germany and the reduction of capacity in the German region of Niederrhein.
Dutch authorities have denied Ryanair (RYA.I) the right to lay off pilots and crew members who refused to move away from the Netherlands following the contested closure of the company's base in the country. Ryanair said last month that it would fire 16 Dutch pilots and 15 cabin crew members who refused to relocate after the company's decision to shut its base in Eindhoven, in the south of the Netherlands. Under Dutch law, companies planning to make staff redundant must secure approval from the government's social security department, UWV, to ensure they abide by labour regulations and have good grounds for their plan.
Unions representing Ryanair (RYA.I) cabin crew in Spain called off plans to strike on Tuesday to allow time for further talks, the SITCPLA and USO unions said in a statement. The unions, which are due to meet representatives of Ryanair on Tuesday morning, have not cancelled plans for one-day strikes on Thursday and Sunday, the SITCPLA union said in a Twitter post. Ryanair suffered a number of strikes last year by pilots and cabin crew, forcing it to cancel hundreds of flights, after the airline recognised unions for the first time in 2017.
Ryanair (RYA.I) expects to operate a full schedule of flights on Tuesday despite plans by Spanish cabin crew unions to strike, the Irish airline said on Friday. Spain's USO and Sitcpla unions say they plan to hold industrial action on Jan. 8, 10 and 13 in a dispute over working conditions. Ryanair suffered a number of strikes last year by cabin crew and pilots, forcing it to cancel hundreds of flights, after the airline recognised unions for the first time in 2017.
Ryanair, Europe's biggest low-cost carrier, said in November that it was prepared for a no-deal and that it was not seeing any impact from Brexit on demand for flights. Chief Executive Michael O'Leary had earlier warned that a disorderly Brexit could ground flights for several weeks after the U.K. leaves on March 29. Brexit minister Stephen Barclay warned on Thursday that the country is more likely to end up leaving the EU without a deal if parliament rejects May's deal with Brussels.
Britain's aviation authority said it would take legal action to force Irish budget airline Ryanair (RYA.I) to pay compensation to customers affected by strikes by its staff this summer. The UK's Civil Aviation Authority said in a statement on Wednesday that the strikes were not exempt from the EU's 261 rules on compensation and it had started enforcement action against the airline. Ryanair was hit by a number of strikes this year by cabin crew and pilots, forcing the cancellation of hundreds of flights and disrupting travel plans of more than 100,000 customers.