Will investors still be in love with a unionised Ryanair?

Michael O’Leary’s decision to make his battle with the unions very personal contributed to the prolongation of the pilots’ dispute with his airline

‘Hell will freeze over before that happens,” declared Michael O’Leary less than a year ago, dismissing the prospect of welcoming in trade unions to Ryanair after three decades of trenchant opposition to collective bargaining.

It turned out that hell didn’t freeze over. A short statement issued just after 7.30am on Thursday morning said that after a marathon 22-hour negotiating session, agreement had been reached between Fórsa, which represents the 100 members of the ...