Europe’s main low price airline slashed its revenue forecast for the present fiscal yr to between €1.1 billion ($1.27 billion) and €1.2 billion ($1.39 billion). That is about €150 million ($174 million) lower than the corporate had anticipated.
Shares in Ryanair dropped over 10% in London, leaving the inventory down greater than 22% to date this yr. The corporate mentioned it may slash its revenue steerage additional if the strikes proceed.
Ryanair first acknowledged unions in December 2017 and has since struck labor agreements with pilots in Eire and Italy. It has but to succeed in agreements with union officers in international locations resembling Spain, Portugal, Germany and Belgium.
A turning level for low-cost airways?
Over the long term, labor disputes,…