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RYANAIR TO CUT DUBLIN BASED FLEET BY 20% FOR W2018

25 Jul 2018 08:20

RNS Number : 7010V
Ryanair Holdings PLC
25 July 2018
 

RYANAIR TO CUT DUBLIN BASED FLEET BY 20% FROM 30 TO 24 FOR WINTER 2018

90 DAY PROTECTIVE NOTICE ISSUED TO OVER 100 DUBLIN BASED PILOT & 200 CABIN CREW EMPLOYEES

AT LEAST 6 DUBLIN AIRCRAFT SWITCH TO GROWING POLISH CHARTER AIRLINE

Ryanair's Board today (25 July) approved a plan to cut its Dublin based fleet from 30 to (at most) 24 aircraft for the winter 2018 season. These reductions have been driven by the rapid growth of Ryanair's Polish charter airline, which is growing profitably in 2018, allied to a down turn in forward bookings and airfares in Ireland partly as a result of recent rolling strikes by Irish pilots, which has had a negative effect on (close-in) high fare bookings and forward air fares as consumer confidence in the reliability of our Irish flight schedules has been disturbed.

Ryanair's Polish airline, Ryanair Sun, will now offer over 10 aircraft to Polish tour operators, more than double the 5 aircraft offered in Summer 2018. We expect few route closures from Dublin, although some routes may suffer frequency reductions.

In the light of these Dublin base cuts, Ryanair has today issued letters of (90 days) protective notice to over 100 pilots and over 200 cabin crew employees, whose services may not be required from 28 Oct onwards, due to this 20% reduction in the Dublin fleet this winter.

Ryanair will now begin the consultations with its people on redundancy, which, if redundancies are necessary, will be determined by Ryanair's assessment of flight performance, productivity, attendances, and base transfer requests. Ryanair will be offering transfers to Poland (and possibly some other bases) to these Dublin based pilots and cabin crew employees for Winter 2018 in order to minimise any redundancies.

Ryanair's COO Peter Bellew said:

"We regret these base aircraft reductions at Dublin for Winter 2018, but the Board has decided to allocate more aircraft to those markets where we are enjoying strong growth (such as Poland), and this will result in some aircraft reductions and job cuts in country markets where business has weakened, or forward bookings are being damaged by rolling strikes by Irish pilots. Ryanair operates a fleet of over 450 aircraft from 87 bases across Europe. We can only do so if we continue to offer low fares, reliable flight services to our customers, and if our reputation for reliability or forward bookings is affected, then base and potential job cuts such as these at Dublin are a deeply regretted consequence".

 

Editor's Note: Ryanair has invited Forsa and its Pilots Committee to a meeting this afternoon to brief them on these planned base cuts and job losses.

 

ENDS

 

For further information

please contact:

Robin Kiely Piaras Kelly

Ryanair DAC Edelman Ireland

Tel: +353-1-9451949 Tel: +353-1-6789333

press@ryanair.com ryanair@edelman.com

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
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