Thursday May 28, 2020

Has Ryanair’s low-fares model had its day?

Michael O’Leary has cried wolf many times before, but now his pessimism looks justified as expected losses ring alarm bells

Ian Guider

Markets Editor

3rd February, 2019
Michael O’Leary: the Ryanair chief executive’s dire predictions for the airline industry appear to be coming true Picture: Getty

One of Ryanair’s oldest tricks when it comes to its financial results has always been to dampen down speculation that it’s having a good year, and instead project an image that it’s a terrible time to be in the airline business. This usually results in Ryanair somehow managing to make much more money than anyone expected and seeing its share price rise on the back of the surprise. It’s a trick as old as any...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader



Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.



€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.




90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Related Stories

Many of us have achieved a new life balance that might just be the real ‘new normal’

Sharyn McAndrew | 1 week ago

Property firms such as QRE are dealing with the coronavirus lockdown by trying to maintain some normality in their day-to-day business

Conor Whelan | 2 weeks ago

Hardline opposition to EU solidarity in funding the cost of Covid-19 is driven by German allergy to ‘imprudent’ spending, and by Dutch politicians fearing the transfer of funds to southern countries would provoke a far-right backlash

Barry J Whyte | 1 month ago