CEO of Ryanair Group, Michael O’Leary
Best of Today
BBC
4.0 • 837 Ratings
🗓️ 11 August 2022
⏱️ 35 minutes
🧾️ Download transcript
Summary
Michael O’Leary has been Chief Executive of Ryanair since 1994, and was appointed CEO of Ryanair Holdings, Europe’s largest airline group, in 2019.
He’s been speaking to Today’s business presenter Sean Farrington about his unhappiness with post-Brexit Britain, the impact of inflation on his business, and why we’ve probably seen the last of the €10 flight.
(Image, Michael O'Leary; Credit, Getty Images)
Transcript
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| 0:00.0 | BBC Sounds, Music, Radio, Podcasts. |
| 0:04.6 | Hello, welcome to the best of today podcast. |
| 0:06.9 | I'm Sean Farrington, the business presenter on today. |
| 0:09.4 | And my latest conversation with business leaders is with Michael O'Leary. |
| 0:13.4 | Of course, the longstanding of 28 years, chief executive of Europe's biggest airline, Ryanair. |
| 0:19.3 | It was a bit of a whirlwind half hour or so. Mr O'Leary |
| 0:21.8 | doesn't hold back with his views on those in charge in the UK government at our leading airports |
| 0:26.9 | and Brexit backing bosses at some of our biggest high street names. He talks about why the era of the |
| 0:32.5 | 10-pound flight is coming to an end and drops a pretty big clue that he intends to still be at Ryanair |
| 0:38.4 | for a good few years yet. I think we've seen a pretty strong recovery post-COVID. And we were one of |
| 0:45.4 | the more fortunate airlines in that during the COVID, the two years of the COVID pandemic, |
| 0:50.4 | we made the conscious decision to keep people employed and keep our pilots and cabin crew current. |
| 0:55.6 | That meant, and we also started recruiting last November. |
| 0:58.7 | So unlike most of our competitors, we were fortunate by the time this summer came around. |
| 1:04.0 | We are fully crewed with pilots, cabin crew. |
| 1:06.9 | We have suffered some of the airport disruptions that other airlines have suffered, but we haven't |
| 1:12.1 | seen the need to cancel flights because we're short-staffed. |
| 1:15.2 | So we've been somewhat fortunate. |
| 1:18.4 | We've also added a lot of new aircraft this summer, so that we're the only airline I'm |
| 1:21.9 | aware of in Europe that is operating at about 15% more than our pre-COVID traffic numbers. |
| 1:28.3 | And as a result of that, we're taking lots of market share from other competitors, |
| 1:32.3 | that most notably BA, who as you know in the UK, two weeks ago, |
... |
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