- Ryanair Holdings plc (NASDAQ:RYAAY) has signed a four-year pay agreement with the Fórsa union and its Irish pilots under which Ryanair’s Irish pilots will receive an accelerated restoration of pay cuts previously agreed during the Covid Pandemic.
- These pay cuts will now be fully restored in the Irish pilots’ December payroll, and the agreement also incorporates three years of pay increases spread over the next four years up to March 2027.
- Ryanair’s People Director, Darrell Hughes, said, “this agreement which includes annual pay increases for the next four years, now brings our Irish pilots into line with similar pay restoration deals concluded with our other pilot unions across Europe over the past nine months.”
- Reuters writes that Ryanair, hit by significant pilot strikes in 2018, experienced minor disruption from strikes by cabin crew last summer.
- Price Action: RYAAY shares are down 0.38% at $76.02 during the premarket session on the last check Tuesday.
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