Carrier's passengers have suffered flight cancellations this summer because of protests
Ryanair reaches agreement with Irish pilots in trade dispute
Ryanair has reached an agreement in its dispute with the trade union representing its Irish pilots, representing a breakthrough in the airline's efforts to quell employee protests around Europe, sending its share price sharply higher.
The carrier's passengers have suffered flight cancellations this summer because of protests by pilots over slow progress in negotiating collective labour agreements. Pilots in Dublin this month staged their fifth 24-hour walkout of the summer.
"The proposed agreement will now go to ballot, with a recommendation for acceptance from Forsa and its Ryanair pilot representatives," pilots' union Forsa said on Thursday, adding that the talks' mediator asked that neither side makes further comment while the ballot is conducted.
The Irish budget carrier's shares were at €13.72, up 4.3 per cent at about noon UAE time.
In July Ryanair posted a 20 per cent drop in first-quarter profit, and warned that sporadic walkouts by trade unions, along with regional traffic-control strikes, were starting to make customers hesitant to book flights.