Ryanair boss reveals exact bonus staff get for catching oversized bags
Speaking to Petula Martyn on RTE Radio 1 this morning (21 July), O'Leary confirmed Ryanair staff get a bonus of around €1.50 per bag caught.
'We're thinking of increasing it, so that we eliminate [oversized bags],' he added.
O'Leary also claimed there was 'no chance' of European Parliament proposals allowing passengers to bring a 7kg bag onboard planes for free passing into law because 'that amount of bags don't fit on the aircraft'.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Reuters
9 minutes ago
- Reuters
EU backs potential counter-tariffs on 93 billion euros of US goods
BRUSSELS, July 24 (Reuters) - The European Union's member countries voted on Thursday to approve counter-tariffs on 93 billion euros ($109 billion) of U.S. goods, which could be imposed should the bloc fail to reach a trade deal with Washington, EU diplomats said. The 27-nation bloc's executive European Commission had said on Wednesday its primary focus was to achieve a negotiated outcome with Washington to avert 30% U.S. tariffs that U.S. President Donald Trump has said he will apply on August 1. The Commission said it would press on in parallel with plans for potential countermeasures, merging two packages of proposed tariffs of 21 billion euros and 72 billion euros into a single list and submitting this to EU members for approval. No countermeasures would enter force until August 7. So far the EU has held back from imposing any countermeasures, despite Trump's repeated announcements of tariffs, the broadest of which have been postponed. EU member states authorised the first package of countermeasures in April, but these were immediately suspended to allow time for negotiations. The EU and United States appear to be heading towards a possible trade deal, according to EU diplomats, which would result in a broad 15% tariff on EU goods imported into the U.S., mirroring a framework agreement Washington struck with Japan. Trump would still need to take any final decision. Under the outlines of the potential deal, the 15% rate could apply to sectors including cars and pharmaceuticals and would not be added to long-standing U.S. duties, which average just under 5%. There could also be concessions for sectors such as aircraft, lumber as well as some medicines and agricultural products, which would not face tariffs, diplomats said. Washington does not, however, appear willing to lower its 50% tariff on steel. ($1 = 0.8501 euros)
Reuters
9 minutes ago
- Reuters
Euro zone business activity growth hits 11-month high in July, PMI shows
LONDON, July 24 (Reuters) - Euro zone business activity accelerated faster than forecast this month, supported by a solid improvement in the bloc's dominant services industry and with manufacturing showing further signs of recovery, a survey showed on Thursday. HCOB's preliminary composite euro zone Purchasing Managers' Index, compiled by S&P Global and seen as a good guide to growth, rose to an 11-month high of 51.0 points from 50.6 in June. That was above the 50.0 mark separating growth from contraction and above expectations for 50.8 in a Reuters poll. "The euro zone economy appears to be gradually regaining momentum. The recession in the manufacturing sector is coming to an end, and growth in the services sector accelerated slightly in July," said Cyrus de la Rubia, Chief Economist at Hamburg Commercial Bank. For the first time in over a year, overall demand did not decline, though there was no expansion. The composite new business index came in bang on 50, its highest level since May 2024. The services PMI rose to 51.2 from 50.5, exceeding the Reuters poll forecast for a more modest lift to 50.7. Inflationary pressures eased with the services input and output prices indexes falling. The input prices index fell to a nine-month low of 56.7 from 58.1. Inflation was at 2.0% in June, official data showed earlier this month, right where the European Central Bank wants it. The ECB will hold policy steady later on Thursday, according to all 84 economists surveyed in a Reuters poll, while a small majority expect one more interest rate cut - most likely in September. A manufacturing PMI, which has been sub-50 for three years, climbed to 49.8 from June's 49.5, just ahead of the poll estimate for 49.7, while an index measuring output dipped slightly to 50.7 from 50.8. Although some of that activity was driven by completing past orders, factories did so at the slowest rate in around three years. The backlogs of work index rose to 49.0 from 47.1.
Reuters
9 minutes ago
- Reuters
TotalEnergies' quarterly profit drops 23% on lower oil and gas prices
PARIS, July 24 (Reuters) - TotalEnergies ( opens new tab reported a 23% fall in second-quarter earnings on Thursday, the French oil major's worst performance in four years but in line with expectations, as lower oil and gas prices outweighed a rise in production and power sales. Adjusted net income fell to $3.6 billion for the three months to June 30, down from $4.7 billion a year earlier and $4.2 billion in the first quarter. Shares were down 1.4% to 52.59 euros at 0715 GMT. Brent crude prices have fallen 20% from a year ago as OPEC+ producers - members of the Organization of the Petroleum Exporting Countries and allies such as Russia - started to unwind output cuts of 2.17 million barrels per day in April. Norway's Equinor ( opens new tab on Wednesday reported a 13% drop in second-quarter profit, hit by lower oil prices. TotalEnergies' net debt leapt 89% year-on-year to $25.9 billion, pushing gearing - a measure of debt to equity - to 22.6% including leases, as the company made $2 billion of acquisitions and spent heavily on projects - even as it extended a $2 billion share buyback into the third quarter. "We do not expect investors to reward buybacks that are paid out of balance sheets indefinitely," RBC analyst Biraj Borkhataria said in an investor note. Refining and chemicals earnings fell 39% from a year ago, the company said. TotalEnergies' margin for refining crude into fuels dropped 21% from a year ago to $35.3 per ton, despite a slow recovery in the first half of 2025 from a collapse last year due to sagging demand and an increase in global competition. The company said it expected refining margins to rise above $50 per ton in the third quarter due to increased fuel demand during Europe's summer driving season. Profit from its integrated liquefied natural gas unit was down 9.6% year-on-year and 20% lower than the first quarter of 2025, as lower prices and less volatility meant traders could not profit from price changes. The integrated power unit beat forecasts, however, with a 14% rise in profit to $574 million. TotalEnergies also forecast a 3% increase in hydrocarbon output in the third quarter against the same period a year ago.
