Business

Wednesday 25 April 2018

Ryanair chief says impact of flight scheduling fiasco on profitability will be limited to €25m

Ryanair’s CEO Michael O Leary pictured during a press conference where he addressed the recent Ryanair flight cancellations at Ryanair’s HQ in Dublin.
Ryanair’s CEO Michael O Leary pictured during a press conference where he addressed the recent Ryanair flight cancellations at Ryanair’s HQ in Dublin.
John Mulligan

John Mulligan

Ryanair chief executive Michael O’Leary has insisted that the impact on the airline’s profitability in the first half of its financial year – which winds up at the end of this month – will be limited to €25m at most as it deals with the continuing fallout of from a flight scheduling fiasco.

“I don’t think my head should roll,” Mr O’Leary told reporters afternoon at Ryanair headquarters in Dublin, while admitting that the blame for the “mess-up” lay with him.

He also revealed that Ryanair has terminated interlining talks with Scandinavian airline Norwegian – which coincidentally has hired 140 Ryanair pilots so far this year.

“I don’t think Norwegian will survive,” Mr O’Leary said, denying he was scaremongering in an effort to prevent Ryanair pilots from defecting to the Scandinavian airline.

“I would be very worried about any pilots leaving Ryanair or any other airline to go to Norwegian,” he said. “I don’t believe Norwegian will survive the next 12 months.”

“At this point in time, given our concerns over Norwegian’s financial viability, I think we are going to amend the discussions with Norwegian,” he added. “We are now focusing our discussions on Air Europa and Aer Lingus.”

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