Ryanair’s group chief executive, Michael O’Leary, predicts lower fares for the remainder of the year, expecting a high single-digit decrease in prices rather than double digits as initially thought. Despite disappointing shareholder returns, the airline continues to grow, with around 200 million passengers projected to fly this year. O’Leary remains confident in Ryanair’s performance, anticipating a share price increase that could unlock €100 million in share options for him by 2028.
While addressing the 32 million passenger cap at Dublin airport, O’Leary mentioned potential aircraft relocations to overcome the restriction. Outside the AGM, protesters urged Ryanair to uphold the cap to limit environmental damage. O’Leary stressed the importance of economic growth to tackle climate change, emphasizing sustainable aviation practices.
Regarding aircraft deliveries and potential strikes at Boeing, O’Leary expressed optimism, highlighting Ryanair’s growth plans while reassuring safety measures on alcohol consumption during flights. As for his future with the company, O’Leary remains committed until 2028, focusing on infrastructure development and dismissing long-haul ventures for Ryanair.