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PRESS: Ryanair To Shut Four Spanish Bases In January; 500 Jobs At Risk

Fri, 23rd Aug 2019 18:07

(Alliance News) - Budget airline Ryanair PLC will shut four bases in Spain putting 500 jobs at risk as part of its wider cost-cutting programme, a local trade union told Reuters on Friday.

Union Sindical Obrera told the news wire the Irish airline confirmed in an email to the union it would close its bases in Las Palmas, Tenerife South, Lanzarote and Girona from January 2020.

The USO explained this could potentially result in the loss of over 500 jobs across pilots and cabin crew. The email from Ryanair also announced it would launch a collective dismissal process.

Last week, Ryanair had confirmed to Reuters that it planned to close its base at Faro International Airport in Portugal as well as two on the Canary Islands. It had cautioned, however, that a final decision on how many had not been made.

Las Palmas, Tenerife and Lanzarote are all part of the Canary Islands. Meanwhile, Girona is a city located in the north-west of the Spanish mainland - near to the French border.

https://www.reuters.com/article/us-ryanair-unions-spain/ryanair-to-shut-four-spanish-base-next-year-union-idUSKCN1VD1VR

Shares in Ryanair closed 0.4% higher at EUR8.57 in London on Friday.

More News
2 Aug 2023 17:26

IN BRIEF: Ryanair non-executive director buys EUR118,200 in shares

Ryanair Holdings PLC - Dublin-based budget airline - Non-Executive Director Anne Nolan buys 7,580 shares at EUR15.59 each on Wednesday. Total aggregate value is EUR118,172.

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2 Aug 2023 08:53

Ryanair and Wizz Air post higher passenger numbers for month of July

(Alliance News) - Budget airlines Ryanair Holdings PLC and Wizz Air Holdings PLC on Tuesday said passenger traffic improved in July from a year before, with Wizz Air seeing a larger jump in numbers.

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2 Aug 2023 08:49

LONDON MARKET OPEN: Stocks slump after Fitch cuts US credit rating

(Alliance News) - Stock prices in London opened lower on Wednesday, following the same pattern as Asian markets which were sharply in the red.

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2 Aug 2023 07:50

LONDON BRIEFING: Taylor Wimpey profit falls; BAE Systems revenue up

(Alliance News) - Stocks in London are called to open lower on Wednesday, after Fitch's US rating downgrade caused Asian markets to fall sharply.

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2 Aug 2023 07:32

Ryanair, Wizz July passenger numbers soar on holiday demand

(Sharecast News) - Low cost airlines Ryanair and Wizz both reported a sharp jump in passenger numbers for July on strong summer holiday demand.

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27 Jul 2023 12:02

Ryanair accused of 'invasive' facial recognition use in Spain

(Alliance News) - A prominent digital privacy campaign group on Thursday filed a complaint against Ryanair Holdings PLC in Spain, alleging the popular budget carrier was pushing customers to undergo an "invasive facial recognition process". 

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25 Jul 2023 09:01

LONDON BROKER RATINGS: Auto Trader and Moneysupermarket ratings cut

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

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25 Jul 2023 07:49

LONDON BRIEFING: Stocks seen higher; Unilever posts solid profit rise

(Alliance News) - Stocks in London are set to open higher on Tuesday, buoyed by a strong performance amongst Chinese equities as Beijing pledged fresh economic support measures.

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24 Jul 2023 07:54

Ryanair Q1 profits soar, but cautious on winter demand

(Sharecast News) - Low-cost airline Ryanair reported a better-than-expected rise in first-quarter profit, boosted by strong Easter sales, but was cautious about demand over the coming months due to aircraft delivery delays from Boeing and price-conscious passengers.

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24 Jul 2023 07:51

LONDON BRIEFING: Stocks to open lower; Vodafone quarterly revenue dips

(Alliance News) - Stocks in London are set to open lower on Monday, ahead of a busy week focused on key interest rate decisions from the three major central banks.

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24 Jul 2023 07:43

Ryanair gets off to a flying start as quarterly profit surges

(Alliance News) - Ryanair Holdings PLC on Monday said that quarterly revenue and profit soared, thanks to a strong Easter, as well as an extra bank holiday weekend.

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21 Jul 2023 09:33

LONDON BROKER RATINGS: Jefferies raises Hargreaves Lansdown to 'buy'

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

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20 Jul 2023 16:10

Ryanair to invest USD3 billion, restart flights to Ukraine after war

(Alliance News) - Europe's largest low-cost airline Ryanair Holdings PLC plans to invest over USD3 billion to rebuild Ukraine's aviation industry once the war ends and the EU Aviation Safety Agency declares flying into and out of Ukraine is safe again.

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17 Jul 2023 15:45

UK earnings, trading statements calendar - next 7 days

Tuesday 18 July 
Arbuthnot Banking Group PLCHalf Year Results
Artisanal Spirits Co PLCTrading Statement
IntegraFin Holdings PLCTrading Statement
Luceco PLCTrading Statement
Midwich Group PLCTrading Statement
Ocado Group PLCHalf Year Results
Petra Diamonds LtdTrading Statement
Record PLCTrading Statement
Rio Tinto PLCTrading Statement
Wise PLCTrading Statement
Wednesday 19 July 
Antofagasta PLCTrading Statement
BHP Group LtdTrading Statement
Hargreaves Lansdown PLCTrading Statement
Severn Trent PLCTrading Statement
Redcentric PLCFull Year Results
Thursday 20 July 
3i Group PLCTrading Statement
AJ Bell PLCTrading Statement
Anglo American PLCTrading Statement
Babcock International Group PLCFull Year Results
BHP Group LtdTrading Statement
Diploma PLCTrading Statement
Dunelm Group PLCFull Year Results
easyJet PLCTrading Statement
Howden Joinery Group PLCHalf Year Results
IG Group Holdings PLCFull Year Results
Intermediate Capital Group PLCTrading Statement
International Distributions Services PLCTrading Statement
Kier Group PLCTrading Statement
PensionBee Group PLCTrading Statement
Pharos Energy PLCTrading Statement
Premier Foods PLCTrading Statement
Premier Miton Group PLCTrading Statement
SSE PLCTrading Statement
Taylor Maritime Investments LtdFull Year Results
Vistry Group PLCTrading Statement
Volution Group PLCTrading Statement
Friday 21 July 
Close Brothers PLCTrading Statement
Glencore PLCTrading Statement
Petershill Partners PLCTrading Statement
Thruvision Group PLCFull Year Results
Monday 24 July 
discoverIE Group PLCTrading Statement
Cranswick PLCTrading Statement
Glantus Holdings PLCTrading Statement
MoneySupermarket.com PLCHalf Year Results
Ryanair Holdings PLCQ1 Results
Shanta Gold LtdTrading Statement
South32 LtdTrading Statement
Vodafone Group 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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