michael o'leary finally agreed to recognize unions and pay pilots more in return passengers are footing the bill now the ultimate no frills airline has made checking times shorter and even cabin baggage comes at a cost. of portage one is above joins us now in the studio. looks a bit closer ryan as number you just heard the report number two behind. in europe right about how that. year but one thing always sticks out that the part that pilots this stuff don't seem to be happy that no they're not and we have heard in the last twenty four hours that the average pilots union has more demands from ryan air they want systems for different systems for face allocations so that's basically where the pilots as opposed to living and also in terms of promotion the way people are promoted within the company they want more transparency so with basal locations basically ryan air has a mandatory people have to move the pilots have to move to where they are flying from and what exactly it tells them where to live exactly and that's sort of a problem because people don't always want to move and some peop

michael o'leary has been a consistent critic for for several years actually. why is that one how will it impact ryanair who of course he has been a critic because he knows that ryanair might actually lose out as a result they may have to pay fees when landing in the u.k. they don't have to do that because of course the u.k. is part of the e.u. and that means they don't need to pay any fees for that but that would change as of march next year with briggs it unless of course some sort of agreement takes that into consideration the other problem is with the ownership of ryan air there's a wriggle regulation within the e.u. that stipulates that more than fifty percent the majority of e.u. based airlines should be zero and by e.u. nationals with ryan air when you factor out u.k. nationals that goes down to forty percent so that's sort of going to be an issue because that's going to be against irregular asians of course what happens when that happens we cannot say at this point it hasn't happened yet so break that we might find out you might say and we will for you

juniper investment manager and growth fund, allianz, and michael o'leary himself. ath of institutions that all may come under this of thinking. we can talk to michael himself a little bit later on. the death of the bond market. it's been herod built -- it's been heralded for a while. five-year paper and seven-year paper for -- since 2010. we are going to get another dump onto the market. who is going to win? the asset managers versus the had funds. who is brave and who is naive. the hedge fund community has been short and sharp in regards to their position. they are shorting the heck out of these markets. you've got eight fed speakers come into the market, giving various views on where they see the bond market. you going to see this heavy issuance on the markets and we have come back from some of those heavy levels we saw. coming back from the 3.1% yield on the 10 year government on to shoot. death of a bond bull market is ahead of us and maybe that has been called a little bit too often and a little bit too early. anna: it is familiar. tragic literature. no concern

michael o'leary finally agreed to recognize unions and pay pilots more in return passengers are footing the bill now the ultimate no frills airline has made check in times shorter and even cabin baggage comes at a cost. and the whole business teamhair and i will have an update for you in the next hour as usual in the meantime do check out twitter and facebook feeds and also visit our website for more stories that state of you dot com slash business before you go here is as usual a check on global markets at this hour thank you very much for. coming. from carlos to hollywood from new comic to stop. the transgender singer from germany now lives in moscow. just become a huge phenomenon. charles when she stomped off recently about a man. should. love the feel. of the devotion to. long lasting say movement. and does choreography to some of the best dance companies in the us. an encounter with. police choreographer john. klein sixteen. quite often fighting for the case to take you seriously in the world of what here's what's come out women's talk tough. superhero women smart talks smart stati

michael o'leary spoke to manus and anna earlier on on daybreak.es struggle because they do not have the financial clout to go out and hedge in the way that ryanair or easyjet can. sometimes that works for them and sometimes against them. we should mention what is going on with the stock performance. bad.s bounced a initially, we saw a brief move to the downside. that has turned around. positivew seeing a performance and ryan air is trading up at 1.13%. looking at the gp function. looking at the other metrics. trading on decent volume. has beenround generated on decent volume. on, its of what is going is trading at four times the valuation. you have to compare that to the rest of the sector which will be important. we have seen a lot of companies going to the wall. we talked about the benefit being felt from companies like air berlin. but story is still there the oil price factor is something you will want to watch going into the winter. together to try to figure out what was going on. i believe it is a benchmark story having an impact on our story

turbulence ahead for airlines as the oil price begins to bite we'll hear from ryanair chief executive michael o'leary right after this break the first survivor of alzheimer's disease is out there. and the alzheimer's association is going to make it happen. but we won't get there without you. visit alz.org to join the fight. ♪ tired of wrestling with seemingly impossible cleaning tasks? using wipes in the kitchen, and sprays in the bathroom can be ineffective. try mr. clean magic eraser with durafoam. simply add water, and use in your kitchen for burnt on food, in your bathroom to remove soap scum, and on walls to remove scuffs and marks. it erases 4x more permanent marker per swipe. for tough kitchen and bath messes, use mr. clean magic eraser with durafoam. brand power. helping you buy better. oh hi sweetie, i just want to show you something. xfinity mobile: find my phone. [ phone rings ] look at you. this tech stuff is easy. [ whirring sound ] you want a cookie? it's a drone! i know. find your phone easily with the xfinity voice remote. one more way comcast is working to fit into your life, not the

guy: it was interesting to hear what michael o'leary had to say about oil prices and norwegian and howedges work on that. a little bit about what is happening with entertainment. >> they don't just do cap the pig -- pippa pig. there's a little warning about underlying margins. i assume they're trying to turn that into the next pippa pig and it's going to mark narda -- mark -- knock margins down. thank you very much indeed. i will skip italian stocks for a moment. out with its duty costs on imported cars. they are going to cut it to 15% from 25%. this could already be priced in. keep an eye on bmw and daimler as they reopened. volkswagen as it reopens. we get the details coming three on that import cut. it will be interesting to see how the market takes this. be talking going to about what is going on more broadly in the market. we talk about individual stocks on a daily basis but a lot of investing goes on on index level and our next guest has a pretty clear view on all this. haghabi will be visiting us. that comes up next is the market opens. ♪ guy: minutes to go until the start of ca

michael o'leary saying they will go bust in 12 months.s you from a company like that one in terms of long-haul costs. i know you are not in competitions, but what lessons have they learned, and what lessons can they learn from you? most important thing is norwegian is a good airline come a but they are strictly a the-haul airline, and markets they go to do not have a feeder. the beauty of air asia is we are a long-haul airline, but we feed into the short-haul when we come into kuala lumpur, about 200 aircraft feeding asia was so that is important for us. you can't rely 100% on point-to-point, norwegian flies from london to singapore. they don't have any onward traffic, so that is difficult for them. for us, we have kuala lumpur growing has a hub for us. rishaad: very quickly, what about expansion, further expansion into europe? not in the next year. we are waiting for new aircraft towards the end of next year. once that comes in, we will evaluate. rishaad: when? >> probably another year and a half before we go to europe. rishaad: i will l

by now the airline is becoming unionised which is something michael o'leary has resisted.s up about 30% of airline costs in general. when fuel prices go up it is difficult but they are facing the increased labour costs a nd they are facing the increased labour costs and that is structural to their model. it will be a question of how competitive ryanair can be in the future. let's have a look at the markets. mothercare, it has a new chief executive. why is it interest? it is the second time he has had the job? yes, very good. a few months ago he resigned and he has now come back into thejob ago he resigned and he has now come back into the job and the percentage is on the right—hand side, shares are upa is on the right—hand side, shares are up a quarter. but they have had are up a quarter. but they have had a hell of a time so they have been suffering badly. marks and spencer, there was a story in the guardian saying they could be closing 100 shops. unconfirmed, marks & spencer has not said anything but it said there is a of closures of some stores. but the market seemed to