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PRESS: Ryanair Plans To Shut Faro Airport Base Amid Cost-Cutting Move

Wed, 07th Aug 2019 14:36

(Alliance News) - Budget airline Ryanair PLC will shut its base at Faro International Airport in Portugal from 2020, a local cabin crew union told Reuters on Wednesday.

The news wire explained the SNPVAC union was told by the Irish airline the Faro base will close in the summer of 2020 as part of its wider cost-cutting programme.

SNPVAC Director Fernando Gandra said the timing of the announcement "appears at least strange as it comes within days of our calling a strike in Portugal and as the company is telling staff its passenger numbers have risen 9% in July from a year earlier."

The union has called a strike from August 21 to 25. This was after Ryanair refused to comply with a protocol signed in November regarding holiday pay and leave as well as compliance with the Potuguese parental law.

"We are looking into the matter and collecting data to see if it could be retaliation for the strike," Gandra added.

https://www.reuters.com/article/us-ryanair-portugal/ryanair-to-shut-faro-base-in-portugal-in-2020-union-idUSKCN1UX1GJ

Shares in Ryanair were 2.6% higher at EUR9.27 in London on Wednesday.

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17 Jul 2023 15:45

UK earnings, trading statements calendar - next 7 days

Tuesday 18 July 
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AJ Bell PLCTrading Statement
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Intermediate Capital Group PLCTrading Statement
International Distributions Services PLCTrading Statement
Kier Group PLCTrading Statement
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Premier Foods PLCTrading Statement
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Friday 21 July 
Close Brothers PLCTrading Statement
Glencore PLCTrading Statement
Petershill Partners PLCTrading Statement
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17 Jul 2023 09:20

LONDON BROKER RATINGS: JPMorgan cuts Spectris; Berenberg likes Victrex

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning:

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15 Jul 2023 12:25

Ryanair pilots strike over pay in Belgium causing 120 cancellations

(Alliance News) - Pilots of budget airline Ryanair Holdings PLC are on strike in Belgium this weekend over pay cuts, leading to the cancellation of 120 flights to and from Charleroi airport, news agency Belga reported.

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12 Jul 2023 09:27

LONDON BROKER RATINGS: UBS raises AstraZeneca; RBC cuts Bunzl

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12 Jul 2023 07:40

LONDON BRIEFING: UK banks pass stress test; Wetherspoon trades well

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11 Jul 2023 19:14

Ryanair resigns from UK Aviation Council branding it a "talking shop"

(Alliance News) - Budget airline Ryanair Holdings PLC has resigned from the UK Aviation Council and branded it as a "talking shop" which does not deliver benefits or reform for the sector or passengers.

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10 Jul 2023 09:27

LONDON BROKER RATINGS: HSBC downgrades commercial property stocks

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and Friday:

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Low-cost airlines "having a whale of a time" amid rebound in demand

(Alliance News) - Ryanair Holdings PLC and Wizz Air Holdings PLC on Tuesday said passenger traffic improved in June from a year before as the budget airlines continued to benefit from significant post-pandemic travel demand.

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SMALL-CAP WINNERS & LOSERS: On The Beach rises amid higher air traffic

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Tuesday.

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TOP NEWS: Ryanair and Wizz Air passengers numbers rise in June

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4 Jul 2023 07:58

Ryanair carries record 17.4m passengers in June

(Sharecast News) - Irish low-cost airline Ryanair on Tuesday said it flew a record 17.4 million passengers in June, up 9% year on year.

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4 Jul 2023 07:53

LONDON BRIEFING: Sainsbury's sales up; Eurowag buys more of JITpay

(Alliance News) - Stocks in London are to open a touch lower on Tuesday, with little in the way of catalysts for global markets, given a lack of major data and a holiday in the US.

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29 Jun 2023 21:13

DIRECTOR DEALINGS: Ryanair non-exec buys over EUR120,000 in shares

(Alliance News) - The following is a round-up of share dealings by London-listed company directors and managers announced on Thursday and not separately reported by Alliance News:

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28 Jun 2023 09:06

LONDON BROKER RATINGS: Admiral on JPMorgan 'negative catalyst watch'

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning:

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