Air transport is a stupid business. and usually loss making……………..
A Reuters reprot says that air transport is a stupid business and usually loss-making, the head of Irish budget airline Ryanair has been quoted as saying by a Belgian magazine.
Asked what drove his passion for air transport, Michael O’Leary told Trends magazine: “Nothing. It’s a stupid business, which generally loses a lot of money.”
O’Leary said it was likely he would stay as CEO for another three or four years rather than the two or three that he had previously indicated, and suggested he might then take up farming.”
“My hobby is agriculture.” “That’s perhaps what I will do for a few years,” he said, according to the text of the French-language magazine.
O’Leary said the amount of capital needed to pay for and operate a commercial fleet was one of the main elements that made the air transport business unattractive.
Ryanair uses Belgium’s Charleroi airport as a regional hub. It briefly suspended flights from there last month because it wanted a guarantee there would be no more wildcat strikes, which crippled the airport on the June 15-17 weekend.
Report by The Mole
John Alwyn-Jones
Vegas’s Billion-Dollar Secrets – What They Don’t Want Tourists to Know
Visit Florida’s New CEO Bryan Griffin Shares His Vision for State Tourism with Graham
Chicago’s Tourism Renaissance: Graham Interviews Kristin Reynolds of Choose Chicago
Graham Talks with Cassandra McCauley of MMGY NextFactor About the Latest Industry Research
Destination International’s Andreas Weissenborn: Research, Advocacy, and Destination Impact
Graham and Don Welsh Discuss the Success of Destinations International’s Annual Conference
Graham and CEO Andre Kiwitz on Ventura Travel’s UK Move and Recruitment for the Role
Brett Laiken and Graham Discuss Florida’s Tourism Momentum and Global Appeal
Graham and Elliot Ferguson on Positioning DC as a Cultural and Inclusive Global Destination
Graham Talks to Fraser Last About His England-to-Ireland Trek for Mental Health Awareness
Kathy Nelson Tells Graham About the Honour of Hosting the World Cup and Kansas City’s Future
Graham McKenzie on Sir Richie Richardson’s Dual Passion for Golf and His Homeland, Antigua
ADS PRO 
Phocuswright reveals the world's largest travel markets in volume in 2025
Cyclone in Sri Lanka had limited effect on tourism in contrary to media reports
Higher departure tax and visa cost, e-arrival card: Japan unleashes the fiscal weapon against tourists
In Italy, the Meloni government congratulates itself for its tourism achievements
Singapore to forbid entry to undesirable travelers with new no-boarding directive