The Ryanair Transnational Pilot Group (RTPG) backed by European Cockpit Association (ECA) has shared a letter describing their grievances and urging the airline to share its economic success with the workforce.
“This year again is going to be a record year for Ryanair in this climate of new markets for airlines, where demand far exceeds available capacity. Many companies have increased their pilot’s salaries or updated them in line with the Consumer Prices Index (CPI) thus maintaining the purchasing power of workers,” the letter read.
The RTPG’s letter underlines that at no time during recent years has the workforce been compensated by the company.
Ryanair ended FY2023 with net profit of $1.5 billion despite ending Q4 FY2023 with a net loss of $166.3 million.
The group carried 168.6 million passengers throughout the financial year, which is a 74% increase when compared to 97.1 million the previous financial year, with an average load factor of 93%
“Therefore, we believe that by sharing this increase in workload this benefit should also be equitable and therefore be compensated with the real engine of the company, the workforce,” the RTPG argued in the letter.
“We would like to remind you that our salaries are at the same pre-pandemic levels but in the face of unprecedented inflation we believe it’s time for the company to show the same loyalty and responsibility that the pilots collective showed to the company,” the letter read.
It ends with the RTPG stating it is available for negotiations and is looking forward to place the compensation terms in competitive rates across the market.