logo
Share SHARE
FONT-SIZE Plus   Neg

Ryanair CEO Apologises To Pilots, Promises To Boost Pay

Raynair-CEO-100617-lt.jpg

Ryanair Holdings Plc's Chief Executive Officer Michael O'Leary has made a personal pledge to its pilots to improve pay and conditions amid concerns about a revolt as the airline battles crisis caused by recent cancellations, reports said.

In a letter sent to the airline's 4,200 pilots on Thursday, O'Leary also apologised for changes that caused disruptions to their rotas and urged them to stay with Ryanair for a brighter future.

Meanwhile, the Irish Air Line Pilots' Association reportedly said the letter gave no details of the cost of the promises. "Our members have experienced Ryanair promises before and therefore we will need to carefully consider each point before we decide on a response," it added.

The Irish budget carrier's crisis over the cancellation of thousands of flights started in the middle of September due to a shortage of cockpit crew following the rota changes, brought about to comply with new aviation rules.

As per the regulatory change, airlines need to calculate crew flying hours over a calendar year, instead of its own fiscal year.

The airline, said to be Europe's largest by number passengers, blamed the flight crisis on its own mistaken decision to force its pilots to take their remaining annual leave before the end of this year. This resulted in very less standby pilots to fly all its scheduled flights in September and October, forcing the company to cancel thousands of flights. These moves affect more than 700,000 passengers.

In his letter to pilots, O'Leary promised them the company would exceed rivals' rates of pay and improve job security. As per reports, he has promised wage increases of as much as 10,000 euros and loyalty bonuses of up to 12,000 euros tied to achievable performance targets.

"The changes will transform your pay and carrier prospects in Ryanair. If you have or are considering joining one of these less financially secure or Brexit-challenged airlines, I urge you to stay with Ryanair for a brighter, better future for you and your family," he added.

In London, Ryanair shares were trading at 16.63 euros, down 2 percent.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

comments powered by Disqus
Follow RTT