Markets

Business booms for Ryanair as EU consumers fly high

A continued rise in air travel bookings despite price rises suggests Europe’s economy is more resilient than had been predicted

Michael O’Leary, chief executive of Ryanair: ‘For all the talk of consumer price inflation, there is full employment and people are getting paid and they’re spending.’ Picture: Getty

Michael O’Leary was in jovial form when he took the stage at the Bloomberg New Economy conference, held here in Ireland last week. As usual, the Ryanair chief executive didn’t hold back.

When asked about Brexit, one of his favourite topics, O’Leary branded Boris Johnson and other senior Brexiteers as “career liars and ambitious idiots” who had sold the British public a “tissue of lies”.

He claimed that the only benefit from Brexit had been ...