The Hospitality Newsletter
Today
Ryanair Warns of Pay Freezes and Strikes Amid Rising Fuel Costs
financeSkift··1 min·For: Owner, GM, Revenue, Investor

Ryanair Warns of Pay Freezes and Strikes Amid Rising Fuel Costs

Ryanair is planning pay freezes, slower hiring, and operational cuts after reporting a 15% drop in half-year profits and facing a €2 billion fuel cost surge. The carrier also anticipates potential pilot strikes next spring as European union agreements expire.

Key Takeaways

  1. 1Half-year profits fell 15% alongside forecasts of a €2 billion annual fuel bill surge by FY 2027/28
  2. 2Management warned of impending pay freezes, slower recruitment, and AI-driven efficiency measures
  3. 3CEO Michael O'Leary noted spring pilot strikes could temporarily reduce operating costs

Read original source →

Source: Skift

Keep reading

Our reporting

OriginalUS RevPAR Gains Hit 20 Consecutive Weeks in AugustWritten from 2 sources
OriginalWorld Cup Drives 60% Revenue Jump for Host City RentalsWritten from 2 sources

More in finance

SkiftChoice Hotels CEO Outlines Asset Sales and U.S. Growth Plan1 min readHotels MagazineIHG Signs First Property for New Noted Collection1 min readhotelowner.co.ukGMS Estates Lists Covent Garden Hotel Site for £25M1 min read

Also relevant for GM, Investor

Hotel DiveHilton Restructures Leadership, Searches for New CTO1 min readSkiftFake AI Videos Flood TikTok Go Hotel Booking Tool1 min readSkiftLodging Stocks React to Tariff Volatility and NYC Demand1 min read
All finance newsFor GMFor InvestorFor OwnerToday's briefing