Ryanair’s profit has dropped 20% and more trouble is coming – News8000.com – WKBT

LONDON (CNNMoney) – Ryanair has a labor problem, and it’s about to get worse.

The low-cost carrier said Monday that higher fuel costs, rising wages and strikes by pilots and regional air traffic controllers had caused its first quarter profit to drop 20% over the previous year.

Ryanair has been giving pilots raises since recognizing the right of unions to negotiate on their behalf for the first time in December. Staff costs climbed 34% in the three months ended June 30.

Adding to the pressure on its business, strikes by regional air traffic controllers cause…

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