Thursday December 5, 2019

Latest pilots’ strikes could cost Ryanair more than €30 million

Analysis by British bank comes as airline fights compensation claim in the High Court

Barry J Whyte

Chief Feature Writer

@whytebarry
11th August, 2019
Michael O’Leary, chief executive of Ryanair: the airline’s share price is currently less than half of what it was two years ago Pic: Getty

Low-fares airline Ryanair could lose more than €30 million if proposed pilot strikes in Britain and Ireland go ahead.

An analysis by British investment bank RBC Capital Markets estimates that the full cost of the strike - weighing the money lost on fares against the money saved on flights and salaries, and the potential for ‘duty of care’ costs for affected passengers - could be around €30 million.

That figure is based on...

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