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A comment on Ryanair strike hits 55,000 customers across Europe.

Re:Ryanair strike hits 55,000 customers across Europe by vinceguidry on Friday August 10, 2018 @08:39AM (#17732709)
Ryanair seems to be skirting a very very thin line by steamrolling over labor disputes in the EU. I'd be very curious to know just who in that company is persuading executive leadership that these disputes don't represent an existential threat to the company and what their rationale is. Because is is the sort of thing that will bring the regulatory hammer down on them if they're not careful, and they don't seem to be being very careful.

Or worse, if anyone up there even cares to save the business. It could well be in the final stages of executive loot and plunder and we're just looking at the final stages where nobody even bothers to pretend they're interested in saving the business.

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Re:Ryanair strike hits 55,000 customers across Europe by richeyryan on Friday August 10, 2018 @08:55AM (#17732792)
The CEO of Ryanair, Michael O'Leary, is vehemently opposed to unions and workers rights. I imagine this is as much a personal vendetta for him as it is an exercise to maintain low costs which of course is Ryanair's whole business model.

If they have to increase their spending on workers as a result of this action, it is more likely to be an existential threat to the company rather than any regulatory or customer reaction.

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Re:Ryanair strike hits 55,000 customers across Europe by gnu8 on Friday August 10, 2018 @09:36AM (#17733071)
He's only opposed to unions and worker rights because they would affect the profits of his company, and by extension, how much money he makes personally. If Ryanair's business model is only sustainable by exploiting workers, then it is good that the company collapses because it's nothing more than a hack to transfer wealth from the workers and passengers to the CEO and shareholders.

Funny how these people only scream about redistribution when it's from the rich to the poor, and not the other way around.

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Re:Ryanair strike hits 55,000 customers across Europe by vinceguidry on Friday August 10, 2018 @10:11AM (#17733398)
If net income is only around $1B, as another poster stated, then regulatory action can easily put them in the red, forcing an investor reckoning. The business can accommodate a shift in economics. It may not be able to survive a severe enough fine.
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Re:Ryanair strike hits 55,000 customers across Europe by user5994461 on Friday August 10, 2018 @09:05AM (#17732846)
Selling return tickets for £20 surely put pressures on their wages.
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Re:Ryanair strike hits 55,000 customers across Europe by tjoener on Friday August 10, 2018 @09:26AM (#17732987)
Yet their net income is over a billion dollars. Surely some spending can be allowed
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