By
Staff costs at the airline will increase by 100 million euros in the current financial year following recent pay hikes, but rates of pay increases may moderate after that as the airline will no longer have to pay extra to attract pilots to a non-unionised airline, he said.
"We continue to hold our guidance," of 1.4 to 1.45 billion euros for the year to March 31, 2018, he said.
"We have paid a lot of money to keep the unions out.. I suspect there will be more modest rates of increase in the years going forward," he said.