Ryanair grows profits tenfold, while Aer Lingus cabin and ground crew seek talks on pay deal

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Aer Lingus cabin and ground crew will seek a pay hike in coming weeks to mirror the terms given to pilots in an agreement last year. Photograph: Nicolas Economou/NurPhoto via Getty Images
Aer Lingus cabin and ground crew will seek a pay hike in coming weeks to mirror the terms given to pilots in an agreement last year. Photograph: Nicolas Economou/NurPhoto via Getty Images

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Ryanair grew its profit after tax almost tenfold in the third quarter, but it still lags 2023 by 12 per cent in terms of the year-to-date, the group’s latest trading update shows.

The airline generated a profit after tax of €149 million in the quarter compared to €15 million a year earlier, as traffic grew 9 per cent to 45 million passengers at marginally higher fares due to stronger Christmas and New Year bookings.

Aer Lingus cabin and ground crew will seek a 4 per cent pay hike in coming weeks after pilots won a 17.75 per cent boost last year following a dispute. Barry O’Halloran has the details of what they are seeking from the airline.

In Me & My Money, singer Sandy Kelly relays how she’s so obsessed with her recent purchase of a slow cooker that “I think I’ll buy another one”.

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In our Your Money Q&A, a reader wonders if there is scope within the Fair Deal nursing home scheme for a person to gift small amounts to loved ones, and if there is a requirement to disclose past payments. Dominic Coyle offers a view.

Having attended the World Economic Forum in Davos, FT columnist Pilita Clark explains why the Maga vision of corporate life will struggle.

Volatile natural gas prices have raised the prospect of energy bill hikes for homes and businesses, writes Barry O’Halloran.

When dealing with Donald Trump, Ireland needs to focus on what we can control rather than speculating ourselves into a crisis, according to our Opinion piece written by Grant Thornton partner Martin Shanahan, who was IDA chief executive during Trump’s first term in the White House.

Sticking with Trump, his return to the White House presents a similar threat to the Irish economy as the Brexit referendum result in 2016, with a whole-of-government approach needed if the State is to maintain its competitiveness against a raft of new trade tariffs and tax measures promised by the US administration, according to the latest economic analysis by stockbroker Goodbody.

And to continue the Trump theme, FT columnist Martin Wolf says his second coming could do “substantial damage” to the western alliance and world trade.

Mayo County Council faces a fine potentially running into hundreds of thousands of euro following a dispute over the award of a public lighting contract, it has emerged. Barry O’Halloran reports on a recent Court of Appeal judgement.

Tech giant Apple reports its earnings on Thursday, and investors are worried by its recent share price slump, writes Stocktake.

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