Bloomberg

Ryanair chief sees end to pilot crunch as earnings feel pinch

Ryanair vil konkurrere priserne på flyvninger over Atlanten i bund med priser ned til 100 kr. for en enkeltbillet til New York. Foto: Julien Behal

Ryanair Holdings Chief Executive Officer Michael O'Leary said Europe's biggest discount carrier can raise pay for disgruntled pilots and still retain a pricing advantage over rivals after a staffing crunch led profit to slide in its busiest quarter.

O'Leary pledged Tuesday to press on with a review of flight rosters, bases and salaries as he seeks a permanent solution to a meltdown that left Ryanair short of flight crew at the end of the peak summer season. The stock posted its biggest gain in almost a year after the Irish carrier said it aims to hire pilots from recently failed rivals and is offering 20 percent more pay than peers such as Norwegian Air Shuttle ASA...

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