Michael O’Leary: Ryanair will benefit from struggling European carriers

Ryanair - Michael O'Leary (MF)

Ryanair’s (Dublin) flamboyant CEO expects his ultra low fare airline will benefit from pullbacks by some European carriers. O’Leary believes Scandinavian Airlines-SAS, Alitalia and Airberlin are carriers he expects to either shrink or merge according to this article by The Irish Times.

O’Leary also believes Aer Lingus (Ryanair owns a minority share), Iberia, Olympic Airlines and TAP Portugal also will face either cutbacks or consolidation.

O’Leary has also signed a contract extension with Ryanair through September 2019.

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