Edition:
United Kingdom

Ryanair says has filled all pilot vacancies to 2020


Monday, 20 May 2019 

May 20 (Reuters) - Ryanair Holdings PLC investor conference call ::RYANAIR: CEO SAYS LAUDA LOSSES FOR NEXT 12 MONTHS BETWEEN 20MLN AND 50 MILLION EURO; DRIVEN BY PRICING.RYANAIR: CEO SAYS HAS FILLED ALL PILOT RECRUITMENT FOR SUMMER 2020 AND HAVE WAITING LIST.RYANAIR SHARES RECOVER FROM EARLIER LOSSES; DOWN 0.4 PERCENT ON DAY.RYANAIR CEO SAYS WOULD CONSIDER MOVING CAPACITY FROM MARKETS WITH HIGH ENVIRONMENTAL TAXES FOR AVIATION.RYANAIR CEO UNIT COST TARGET FOR FY2021 IS 'FLAT TO SLIGHTLY DOWN'; IF YOU TAKE OUT EXCEPTIONAL ITEMS WE ARE ALREADY NOT FAR OFF FLAT.RYANAIR CEO SEES UNIT COSTS CONSISTENTLY FLAT TO SLIGHTLY DOWN OVER NEXT 4-5 YEARS.RYANAIR CEO SAYS TURNOVER RATE OF PILOTS HAS FALLEN TO EFFECTIVELY ZERO IN RECENT MONTHS.RYANAIR CEO SAYS WOULD CONSTRAIN GROWTH FOR 2020 IN EVENT 737 MAX DELIVERIES DID NOT MATERIALISE; 'REASONABLY CONFIDENT' THIS WILL NOT HAPPEN.RYANAIR CEO SAYS ONCE 737 MAX IS BACK FLYING IN U.S., EXPECTS CUSTOMER CONFIDENCE ISSUES TO DISSIPATE QUICKLY.RYANAIR CEO HOPEFUL RATHER THAN CONFIDENT THAT EU261 COSTS WILL FALL IN NEXT 12 MONTHS.RYANAIR CEO SAYS EXPECTS RATIONAL PRICING TO RETURN TO GERMANY IN A YEAR OR TWO.RYANAIR CEO SAYS HAS NO DOUBT THAT MARGINS WILL RETURN TO EARLIER LEVELS IN COMING YEARS, BUT LITTLE GOOD NEWS IN CURRENT FINANCIAL YEAR.