Ryanair Making `Good Progress' on Labor Dispute, CFO Says

Ryanair's CFO discusses the company's financial performance, including first quarter profits and booking trends. The impact of oil prices on the airline industry is analyzed, highlighting the potential for consolidation. The company addresses ongoing strike actions and workforce management strategies, including pay increases and training investments. Financial health and contingency planning are reviewed, with a focus on maintaining profit guidance. The potential impact of Brexit on operations is considered, with strategies to mitigate risks. Finally, Ryanair's aircraft fleet expansion and relationships with Boeing and Airbus are discussed.

What factors are causing customers to hesitate in booking flights with Ryanair?

• Increased ticket prices

• Trade union walkouts and traffic control strikes

• Poor customer service

• Lack of available flights

How is Ryanair's fuel hedging strategy positioned for the current year?

• 70% hedged at $70 a barrel

• 90% hedged at $50-$58 a barrel

• 100% hedged at $80 a barrel

• 50% hedged at $60 a barrel

What is the expected outcome of oil prices at current levels for the airline industry?

• Industry consolidation

• Higher ticket prices

• Reduced flight frequency

• Increased competition

What measures has Ryanair taken to make itself attractive to pilots and cabin crew?

• Providing 20% pay increases

• Increasing vacation days

• Reducing working hours

• Offering free flights

How has Ryanair managed the impact of strikes on its operations?

• By reducing staff

• By re-accommodating customers quickly

• By increasing ticket prices

• By canceling all flights

What is Ryanair's approach to handling potential Brexit disruptions?

• Canceling all UK flights

• Increasing ticket prices

• Securing an air operator certificate in the UK

• Reducing flight frequency

What future plans does Ryanair have regarding its aircraft fleet?

• Reducing its fleet size

• Increasing investment in Airbus aircraft

• Switching to electric planes

• Acquiring only Boeing aircraft