Ryanair 2011 Annual Report Download - page 103

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101
2011 fiscal year, the average flight-hours for Ryanair’s pilots amounted to approximately 68 hours per month
and approximately 820 hours for the complete year, an 8% increase on the previous fiscal year. Were more
stringent regulations on flight hours to be adopted, Ryanair’s flight personnel could experience a reduction in
their total pay due to lower compensation for the number of hours or sectors flown and Ryanair could be
required to hire additional flight personnel.
Ryanair considers its relations with its employees to be good. Ryanair currently negotiates with groups
of employees, including its pilots, through “Employee Representation Committees” (“ERCs”) regarding pay,
work practices and conditions of employment, including conducting formal negotiations with these internal
collective bargaining units. Ryanair’s senior management has quarterly meetings with the different ERCs to
discuss all aspects of the business and those issues that specifically relate to each relevant employee group.
On June 19, 2009, BALPA (the U.K. pilots union) made a request for voluntary recognition under
applicable U.K. legislation, which Ryanair rejected. BALPA had the option of applying to the U.K.’s Central
Arbitration Committee (CAC) to organize a vote on union recognition by Ryanair’s pilots in relevant bargaining
units, as determined by the CAC but BALPA decided not to proceed with an application at that time. The option
to apply for a ballot remains open to BALPA and if it were to seek and be successful in such a ballot, it would
be able to represent the U.K. pilots in negotiations over salaries and working conditions.
Ryanair Holdings’ shareholders have approved a number of share option plans for employees and
directors. Ryanair Holdings has also issued share options to certain of its senior managers. For details of all
outstanding share options, see “Item 10. Additional Information––Options to Purchase Securities from
Registrant or Subsidiaries.”
Item 7. Major Shareholders and Related Party Transactions
As of June 30, 2011, 1,490,730,223 Ordinary Shares were outstanding. At that date, 118,335,860
ADRs, representing 591,679,300 Ordinary Shares, were held of record in the United States by 77 holders, and
represented in the aggregate 39.7% of the number of Ordinary Shares then outstanding. See “Item 10.
Additional InformationArticles of Association” and “Limitations on Share Ownership by Non-EU
Nationals.”