Ryanair Pilot Group

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.

Ryanair reached an agreement with the trade union representing its Irish pilots on Aug. 23, a breakthrough that sent its shares sharply higher as the budget airline strives to quell staff protests around Europe.

 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 executives told pilots in London last week that the company "grew too fast" and lost the trust of its pilots, but was working hard to restore it, the Irish Independent newspaper reported on Tuesday, quoted by Reuters.

Ryanair has made a historic climbdown in the face of a pre-Christmas strike threatened by its Dublin pilots by agreeing to recognise unions for first time in its 33-year history, Daily Telegraph writes. 

Some Irish-based Ryanair  pilots served notice of a one-day strike on Tuesday and German pilots' union Vereinigung Cockpit said strike action was also possible in Germany in a growing push for better conditions at the Irish budget carrier, reported Reuters.