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Ryanair General Meeting 2018

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Attended the AGM with the media as MOL had to back down and let them in.
ATC issues yesterday and today in Portugal, Germany, France and Spain, have had a huge effect on the schedule.
Whilst an agreement with the irish union, the company has been advised of strikes in Belguim, Italy, Holland, Portugal and spain next friday (28th) and it looks as if german union staff will also join in. strikes will continue on a monthly or more frequent basis.
Ryaanir have lost their court case in the european court on this union issue. whilst they hoped the Irish deal could be dovetailed in other european countries, the court has ruled every deal must be unique to every one of the 27 members
MOL was very quiet, he accepted the company had issues and it was his job to concentrate on these, rather then comment on his competitors and other political issues, he seemed very subdued. He tried to take away the heat of the union strikes, by outlining how many flights lost to ATC issues.
With both the union talks and the share issue situation (u.k. shareholders having no vote) , he is looking at an unattractive and financially expensive settlement for Ryanair, one that the city and investors find totally unacceptable and was avoidable
With these two issues asked, whether was wise to be as forceful in the past with his brexit views, he reiterated his earlier remark, that maybe, he would have been wiser in the past to seek a lower profile
Whilst I am not sure these issues serious enough for the P45, they do question whether he has allowed his personal views to cloud his business judgement, sad because he deserves all the credit over the last 3 decades for how he has built the company, you can object to some of the business decisions, but he did challenge the status quo.
 

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