Michael O’Leary CEO of Ryanair
In Good Company with Nicolai Tangen
00:00
Success in Airline Industry through Efficiency and Innovation
The largest airline in the US has been profitable and successful for the last 30 years by following a model of efficiency and innovation. They operate with one aircraft type, turnaround planes quickly in 25 minutes, utilize secondary airports, and capitalize on deregulation and commoditization of short-haul flights. By adopting a supermarket-like approach, they have been able to increase their operational efficiency and offer no business class on short flights, saving time and costs while maximizing profitability.
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