Ryanair has reached an agreement in its dispute with the trade union representing its Irish pilots, representing a breakthrough in the airline's efforts to quell employee protests around Europe, increasing its share price.
Passengers suffered flight cancellations this summer because of protests by pilots over slow progress in negotiating collective labour agreements. Pilots in Dublin this month staged their fifth 24-hour walkout of the summer.
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"The proposed agreement will now go to ballot, with a recommendation for acceptance from Forsa and its Ryanair pilot representatives," pilots' union Forsa said on Thursday.
The Irish budget airline's shares were at €13.72, up 4.3 per cent at noon UAE time.
In July Ryanair posted a 20 per cent drop in first quarter profit, and the airline warned that sporadic walkouts by trade unions, along with regional traffic-control strikes, were starting to make customers hesitant about booking flights.