Ryanair Warns Labor Strife Is Starting to Bite as Profit Slides

Irish discount carrier reports a 20 percent drop in earnings
Shares slump as flights canceled due to more strikes this week

Ryanair is making "good progress" on the labor dispute, CFO Neil Sorahan tells Bloomberg Television.Source: Bloomberg

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By Kaye Wiggins

July 23, 2018 at 5:00 AM UTC

Updated on

July 23, 2018 at 9:24 AM UTC

This article is for subscribers only.

Labor strife is starting to weigh on Ryanair Holdings Plc, and the conflict looks set to deepen.

The discount airline posted a 20 percent drop in first-quarter profit on Monday, and warned that walkouts by trade unions, along with regional air traffic-control strikes, are making customers wary of booking trips.