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Michael Oleary

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Gulf crisis could lift airfares, airline chiefs warn
travel9 days ago

Gulf crisis could lift airfares, airline chiefs warn

Amid the Middle East/Gulf crisis, airline chiefs say fares could rise as higher fuel costs and pricing algorithms bite, though overall travel demand remains resilient; Ryanair CEO Michael O’Leary expects disruptions to last only a few weeks and jet fuel to stay secure if the war ends quickly, EasyJet’s Kenton Jarvis foresees fare increases driven by supply and demand rather than surcharges, and IATA head Willie Walsh says demand will shift rather than collapse, leaving travellers with potential bargains as supply tightens and markets adjust.

via The Independent|
#airline-industry#easyjet#michael-oleary
Ryanair Turns Musk Spat Into a Ticket-Sale Masterclass
business2 months ago

Ryanair Turns Musk Spat Into a Ticket-Sale Masterclass

Ryanair has built its brand on provocative stunts, and its weeklong clash with Elon Musk over Starlink evolved into a publicity-driven strategy that yielded a viral ‘Big 'Idiot' Sale’ and significant bookings. Veteran CEO Michael O’Leary’s blunt, on-brand style—backed by a sharp social-media team—has long been used to generate attention and lower perceived costs, and industry observers say this approach remains effective PR that translates into revenue. The episode also highlights Ryanair’s low-cost execution and questions about leadership succession as O’Leary hints at retirement.

via Business Insider|
#business#elon-musk#marketing
Ryanair’s O’Leary bets on Musk feud to boost bookings
business2 months ago

Ryanair’s O’Leary bets on Musk feud to boost bookings

Ryanair CEO Michael O’Leary says his public spat with Elon Musk has boosted ticket sales, with the airline running a “Big Idiot Seat Sale” and even offering Musk a free ticket; the feud began after Ryanair decided not to install SpaceX’s Starlink Wi‑Fi on planes due to drag and cost, prompting Musk to call O’Leary an idiot. O’Leary framed the publicity as beneficial and suggested Musk could invest in Ryanair, highlighting the ongoing PR boost from their exchange.

via CNN|
#bookings#business#elon-musk
Starlink Wi‑Fi feud turns into a tirade between Musk and O’Leary
technology2 months ago

Starlink Wi‑Fi feud turns into a tirade between Musk and O’Leary

A dispute over Starlink in-flight connectivity between Elon Musk and Ryanair CEO Michael O’Leary escalated into a public exchange of insults after O’Leary dismissed Musk and the service; Musk fired back on X, calling O’Leary an utter idiot, while Ryanair argues Starlink would add drag and fuel burn on its 737s and isn’t worth the cost on short-haul routes. Musk contends the technology is viable and will shape passenger choice as airlines increasingly adopt it.

via politico.eu|
#airlines-connectivity#elon-musk#in-flight-wi-fi
Ryanair CEO Michael O’Leary Approaches €100 Million Bonus Milestone
business10 months ago

Ryanair CEO Michael O’Leary Approaches €100 Million Bonus Milestone

Ryanair CEO Michael O’Leary is set to receive over €100 million in share options after the airline's shares met key performance targets, with the payout contingent on remaining with the company until 2028. This potential windfall highlights the high-stakes executive compensation in European aviation, driven by Ryanair's growth and market position.

via Financial Times|
#airline#bonus#business
"Ryanair CEO Offers to Take Over United's 737 Max Orders Amid Boeing Controversy"
business-aviation2 years ago

"Ryanair CEO Offers to Take Over United's 737 Max Orders Amid Boeing Controversy"

Ryanair's CEO, Michael O'Leary, criticized United Airlines' comments about the Boeing 737 Max program as "stupid," expressing interest in taking any unwanted Max 10 deliveries. He also endorsed Boeing's leaders and expressed confidence in the company's performance. Despite reporting a net profit of €15m in the third quarter, Ryanair's underlying numbers disappointed some analysts due to higher fuel and staff costs. O'Leary highlighted the airline's pipeline of new aircraft deliveries until 2030 and its plans to have up to 174 Boeing 737 Max 8 planes in its fleet by the summer of 2024.

via Skift Travel News|
#737-max#boeing#business-aviation
"Ryanair CEO Raises Concerns Over Boeing 737 Max Quality Issues"
aviation2 years ago

"Ryanair CEO Raises Concerns Over Boeing 737 Max Quality Issues"

Ryanair CEO Michael O'Leary complained to Boeing about quality-control issues with the 737 Max, citing instances such as a wrench left inside a plane and numerous small defects. Despite these problems, O'Leary expressed confidence in Boeing's CEO and CFO, noting improvements in recent plane deliveries. Boeing has announced new measures to enhance its quality control system, including more inspections and inviting 737 operators to review procedures.

via Business Insider|
#737-max#aviation#boeing
"Ryanair CEO's ₹905 Crore Bonus Hinges on Fulfilling One Condition"
business2 years ago

"Ryanair CEO's ₹905 Crore Bonus Hinges on Fulfilling One Condition"

Ryanair Holdings CEO Michael O'Leary could receive a €100 million bonus if the company's shares maintain a price of €21 for 28 consecutive days, according to a 2019 bonus plan. The payout would come in the form of options to purchase 10 million shares at €11.12 each. While the stock has yet to reach that level, analysts are optimistic about its future performance. Even if the threshold is not met, O'Leary can still receive the bonus if the airline reports annual profits of €2.2 billion after tax. However, Ryanair has warned of higher fuel costs and delays with Boeing aircraft deliveries, which may impact its performance.

via Mint|
#bonus#business#michael-oleary