Short haul airline industry will be slow to recover, Michael O’Leary says

Ryanair chief executive says rival airlines face a challenging future

Most airlines have almost no short haul aircraft on order, according to Michael O’Leary. Picture:

The short haul airline industry will be slow to recover and will continue to experience reductions in capacity, Michael O’Leary has said.

“There is a meaningful shortage of capacity out across Europe short hauls for the next two or three summers . . . I think you're looking at a 20 per cent reduction in short haul capacity into summer 2022 and into summer 23”, Michael O’Leary, chief executive of Ryanair, said on an ...