Ryanair bans journalists from shareholder meeting

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Ryanair is banning journalists from its annual shareholder assembly subsequent week when executives are prone to be grilled a couple of yr that has been marred by pilot strikes and rising prices.

The low-cost European airline usually admits media to the assembly, after which usually holds a briefing for journalists with CEO Michael O’Leary and different high executives.

Ryanair (RYAAY) introduced Monday that there can be “no press invited or admitted to the assembly and no press briefing afterwards.” The airline mentioned it wished “to permit shareholders to debate all issues freely with the board with out these discussions being distorted for PR functions.”

A spokesperson didn’t reply to observe up questions.

There is no regulation requiring firms to open up their shareholder conferences to the media, although most publicly traded firms accomplish that. However by barring reporters, Ryanair dangers growing the dialog round its current troubles.

Its shares have misplaced 30% since hitting a peak in July 2017.

The airline is thought for its discount costs and dozens of add-on charges for every thing from baggage to water within the cabin.

O’Leary has a repute for being media savvy but in addition for making controversial statements, similar to as soon as suggesting a price for utilizing the lavatory on board, or elevating the opportunity of standing-only tickets. On the 2013 shareholder assembly, he mentioned he wished to enhance Ryanair’s picture and buyer relations.

ryanair ceo michael oleary
Ryanair CEO Michael O’Leary

This yr Ryanair has confronted difficulties from a pointy rise in gas prices and strikes by air visitors controllers and pilots.

It has struck agreements with labor unions in some nations however disputes with employees proceed to simmer elsewhere. On Monday, the German pilots’ union referred to as for a 24-hour strike on Wednesday for Ryanair flights originating out of Germany.

Ryanair mentioned final month its compensation prices for patrons within the April-June quarter have been 40% increased than the identical interval final yr resulting from 1000’s of flight cancellations and “the upper propensity of passengers to say compensation.”

Final month the airline apologized after practically 200 passengers acquired unsigned compensation checks they have been unable to deposit.

CNNMoney (London) First printed September 11, 2018: eight:41 AM ET

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