Bloomberg Talks
Ryanair Holdings CEO Michael O'Leary Talks Grow Targets & Earnings
Nov 4, 2024
Michael O'Leary, the charismatic CEO of Ryanair Holdings, dives into the airline's adjusted growth targets and recent earnings. He reveals the challenges imposed by Boeing's delivery delays and discusses the impact of rising travel taxes in the UK. O'Leary also sheds light on the recent decrease in airfares across Europe and the potential boost from better relationships with online travel agents. With an eye on the future, he hints at improvements in passenger growth amidst a shifting landscape in the airline industry.
08:50
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Quick takeaways
- Ryanair's reduction in passenger growth targets from 205 million to 210 million reflects challenges due to Boeing's delivery delays.
- The impact of fluctuating travel taxes in the UK prompts Ryanair to shift operations to more favorable tax environments, affecting tourism dynamics.
Deep dives
Impact of Delivery Delays on Ryanair's Growth
Ryanair is facing significant challenges due to delivery delays from Boeing, which have led to a reduction in passenger growth targets. Initially projecting to serve 205 million passengers, the company now anticipates only 210 million, reflecting a significant adjustment. Despite this setback, the CEO, Michael O'Leary, notes that limited capacity could lead to improved earnings as demand remains strong. By 2027, Ryanair expects to benefit from the delivery of advanced aircraft that will increase passenger capacity and reduce fuel consumption.
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