Ryanair keeps O’Leary to 2019

My least favourite airline Ryanair last week signed a contract extension for its CEO Michael O’Leary that will keep him until September 2019. Ryanair plans to grow by 50percent over the period increasing passenger numbers from last year ‘s 81 million to 120 million people a year by the end of 2019.

After signing the contract O’Leary predicted that SAS, Alitalia and Air Berlin would reduce short haul operations or go bust. Other competitors that O’Leary predicts will be “cutback and consolidated” include Olympic Airlines of Greece; TAP- Transportes Aereos Portugueses; Spain’s Iberia which is joined with British Airways and Ireland’s Aer Lingus, which Ryanair has a minority shareholding in.

Mr O’Leary left open the possibility of transatlantic operations which has been suggested a few times over the last couple of years. He indicated that a lack of aircraft will not see a transatlantic Ryanair in the next four to five years.

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