Michael O'Leary

Airline tickets during the peak summer months in Europe are likely to increase in price again this year by up to 10%, according to Ryanair, due to issues with Boeing and Airbus planes.

Ryanair delivered a petition signed by 1.1 million EU passengers to the European Commission on Wednesday, demanding overflights be protected from air traffic control (ATC) strikes, particularly in France, to help avoid travel disruption. 

Budget carrier Ryanair announced strong profit estimates for August and earmarked it was expecting further positive results on the back of solid bookings. The company seems to be only lightly affected so far by the spread of the Covid-19 Delta variant, Reuters reported.

Michael O'Leary, Chief Executive Officer of of low-cost Ryanair Airlines, announced plans to cut 500-700 jobs after shareholders approved a bonus scheme that could bring him about 100 million euro ($ 111 million) for the next five years, Reuters reported.

Ryanair unveiled Monday plans for an overhaul to create four subsidiaries as the no-frills airline also revealed a third-quarter loss of 20 million euros and said a no-deal Brexit "remains worryingly high", reports AFP. 

Mirroring a set-up by British Airways and Iberia owner IAG, a statement said it planned to have four distinct operations, each with its own chief executive.

The low-cost European airline is struggling to reach an agreement with its crew as industrial unrest keeps escalating. Due to the next strike planned by Ryanair's cabin crews in Spain, Belgium and Portugal for July 25 and 26, the low-cost airline has cancelled about 600 flights across Europe on those dates. 

An Irish low-cost airline Ryanair said its net profit rose by about 10% in 2017-2018 despite the cancellation of thousands of flights.

 Representatives of Spanish pilots working for Ryanair  will launch legal action against the airline over contracts they say fail to comply with Spanish law, the SEPLA union said on Wednesday, quoted by Reuters. 

Ryanair will be investigated by two parliamentary committees after allegations about employee working conditions, including that the airline has been "trying to wriggle out" of paying its staff the national minimum wage./ the Guardian