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In a statement, Ryanair said it has written to the pilot unions in Ireland, the UK, Germany, Italy, Spain and Portugal.
It had invited each of them to talks to recognise these unions as the representative body for pilots in Ryanair in each of these countries.
"Ryanair will now change its long standing policy of not recognising unions in order to avoid any threat of disruption to its customers and its flights from pilot unions during Christmas week," the statement said.
"Ryanair now calls on these pilot unions to call off the threatened industrial action on Wednesday December 20 so that our customers can look forward to travelling home for Christmas without the threat or worry of pilot strikes hanging over them," it added.
Pilots and ground crew in Italy were due to take action first with a four-hour strike today, to be followed by a 24-hour stoppage by pilots in Ireland and Portugal on December 20.
Pilots in Germany and Spain have said they are considering industrial action.
Ryanair's chief executive Michael O'Leary said that Christmas flights are very important to the airline's customers.
"We wish to remove any worry or concern that they may be disrupted by pilot industrial action next week," he stated.
"If the best way to achieve this is to talk to our pilots through a recognised union process, then we are prepared to do so, and we have written today to these unions inviting them to talks to recognise them and calling on them to cancel the threatened industrial action planned for Christmas week," he added.
"Recognising unions will be a significant change for Ryanair, but we have delivered radical change before," Mr O'Leary said.