O’LEARY UNSCATHED BY RYANAIR’S PROFIT TAILSPIN

Michael O'Leary

ANNOUNCING RYANAIR’S results for the year to March 2019, Mick O’Leary tried to minimise the negatives while advising that earnings had fallen a very hefty 29% from €1.45bn to just on €1bn. These are not the full figures as they exclude the impact of Laudamotion (Lauda), the Austrian airline set up by Nicki Lauda, which Ryanair bought last year. Moreover, what must be of most concern for Ryanair shareholders is that the airline is heading for a huge drop in profits next year. How long can O’Leary continue to chart Ryanair’s course?

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