Ryanair will ‘grow stronger in a recession’, says CEO ...News

Michael O’Leary said that rising fuel costs and ticket prices will drive punters to his low-cost airline Ryanair CEO Michael O’Leary told reporters on Monday that his rivals will suffer more in a coming recession, as customers “trade down” to his low-cost airline. With fuel prices skyrocketing, O’Leary predicted fewer travelers choosing full-service airlines like BA and Lufthansa. Speaking at a press conference in London, the Irish airline magnate announced that Ryanair is set to overtake EasyJet as the UK’s largest carrier after expanding over the summer, and will “grow stronger in a recession.” “Consumer price i

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