By Geoff PercivalRyanair shares failed to take off, yesterday, despite the airline making further progress towards ending employee union troubles across its European network, this time in Spain. Ryanair has agreed to recognise the Spanish pilots’ union SEPLA and expects to start talks on a collective labour agreement in early November, the company said. On Friday, Ryanair said it had reached an agreement with British, Portuguese and Italian pilots on contentious seniority and home base issues. Earlier this week Ryanair followed up on the aforementioned profit warning by reporting a 7% year-on-year fall in first half post-tax profits to €1.2bn. Ryanair also warned of further base closures and capacity cuts in the coming months if oil prices continue to rise and air fares continue to fall.

Source: Irish Examiner October 25, 2018 06:11 UTC