Sign up UNITED KINGDOM
Proactive Investors - Run By Investors For Investors

Ryanair boss Michael O'Leary promises its pilots "significant improvements" in pay and conditions

In a letter, addressed “to all Ryanair pilots”, the airline’s chief executive Michael O‘Leary said the group will deliver “significant improvements to your rosters, your pay, your basing, your contracts and your career progression over the next 12 months"
Ryanair boss Michael O'Leary
The letter also said Ryanair would exceed the pay and job security offered by rivals like Jet2 and Norwegian Air Shuttle

Ryanair PLC (LON:RYA) has promised its pilots significant improvements in pay and conditions, saying it would exceed rates paid by rivals and improve job security, as the under-pressure airline tries to combat a protracted battle with its flyers over rota changes.

Last month, the discount airline’s pilots rejected a one-off bonus to work extra hours to help the group overcome an issue which has led to the cancellation of a large number of flights.

READ: Ryanair shares fly lower on continuing fallout from move to cancel a number of flights for six weeks

In a letter, seen by Reuters and addressed “to all Ryanair pilots”, the airline’s chief executive Michael O‘Leary said the group will deliver “significant improvements to your rosters, your pay, your basing, your contracts and your career progression over the next 12 months.”

The letter also said Ryanair would exceed the pay and job security offered by rivals like Jet2 and Norwegian Air Shuttle and that it would negotiate on any differences in conditions between Ryanair’s Irish contracts and those offered by local laws at European bases.

READ: Ryanair says almost all cancelled passengers compensated as traffic rises 10%

The firm, Europe’s largest airline by passenger numbers, has been embroiled in controversy over recent weeks after it announced the cancellation of thousands of flights because it did not have enough standby pilots to ensure the smooth operation of its schedule after making a change to rotas.

View full RYA profile View Profile

Ryanair Timeline

Related Articles

cruise ship
July 13 2017
“They are a fantastically talented group of people doing cutting edge work in the hospitality business”
Gamers playing
February 22 2017
PCG’s shares rocketed nearly 150% higher over a five-day period as a stock overhang created by its decision to draw a line under the CPDC purchase was finally cleared.
golfer silhouette
January 12 2017
ZoomAway's technology allows travellers to bundle together accommodation with activities such as golf or skiing, and book it directly through the hotel's website

© Proactive Investors 2017

Proactive Investor UK Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use