Third Ryanair bid for Aer Lingus unlikely
Michael O'Leary expects Ryanair's profits to rise 'significantly' this year. Photo: Bloomberg News
Thursday September 24 2009
Ryanair Chief Michael O’Leary today said the company is "highly unlikely" to make another bid for Aer Lingus.
“I don’t believe we will make a third bid,” he said at the budget airline’s annual general meeting in Dublin today.
Mr O’Leary also told shareholders that he sees traffic targets being reduced to 66 million passengers a year, down from 67 million passengers a year. This is due to winter 2009/10 capacity cuts he said.
The Ryanair chief also said he expects profit to rise “significantly” this year, boosted by lower oil prices.
(Bloomberg)
