"Ryanair's O'Leary 'optimistic' union strife won't damage business further this year"
Europe's largest low-cost carrier cut its full-year profit forecast by 12 percent on 1st October and warned that worse actions may follow if recent strikes across Europe continue to hit traffic and bookings. In an interview with reporters, O'Leary said management was making progress in talks with unions and was hopeful there would not be a further financial hit this year, although there is "always a risk."
In his words - "I am hopeful and optimistic that we are making real progress with the unions and that we won't have any further damage to the business this year. But the airline industry is under significant pressure. The oil price is now up at $85. This is not a good time for unions to be creating disharmony."