Final hours! Save up to 55% OFF InvestingProCLAIM SALE

Ryanair CEO says recovery remains fragile, risks remain

Published 08/30/2022, 09:55 AM
Updated 08/30/2022, 10:02 AM
© Reuters. FILE PHOTO: Ryanair CEO Michael O'Leary holds a news conference on EU climate change policies, in Brussels, Belgium June 14, 2022. REUTERS/Yves Herman

LONDON (Reuters) - Ryanair is continuing to experience a very strong recovery but it remains fragile and could be knocked off course by external developments, Group Chief Executive Michael O'Leary said on Tuesday.

© Reuters. FILE PHOTO: Ryanair CEO Michael O'Leary holds a news conference on EU climate change policies, in Brussels, Belgium June 14, 2022. REUTERS/Yves Herman

"While our recovery and growth is very strong, it is still very fragile and is prone to falling over in the case of adverse outside developments," Group Chief Executive Michael O'Leary told a news conference in London.

It "looks like we are on track" to report an average of 4% empty seats per flight for the month of August, the same level as July, he said.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.