Ryanair’s Outlook Dims on Strike Impact and Higher Oil Prices | Aviation International News

Ryanair’s Outlook Dims on Strike Impact and Higher Oil Prices

Low-cost carrier to close bases in the Netherlands and Germany

Ryanair claims EU regulations do not prescribe passenger compensation in the event of a strike. (Photo: Ryanair)

By Cathy Buyck • Contributor - Europe

October 1, 2018

Five days of industrial action by Ryanair’s Irish pilots and two 24-hour coordinated strikes by cabin crew and pilots across five EU countries last month have dimmed Ryanair’s growth prospects, prompting the company to lower its full-year profit forecast by 12 percent and trim winter capacity by 1 percent. It also reduced its passenger growth forecast by 1 million, to 138 million, excluding its Austrian venture Laudamotion. Europe’s largest low-fare carrier still expects a decent profit for the fiscal year ending March 31, though it now expects income after tax to amount between €1.1 billion and €1.2 billion ($1.39 billion) rather than the previously forecast range of €1.25 billion to €1.35 billion.

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