Category: easyJets
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Ryanair’s shares are up 14% since 2020, while low-cost rival easyJet’s are down 72%—what is CEO Michael O’Leary getting right?
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Ryanair is flying high. Europe’s largest low-cost airline reported a 34% rise in after-tax profits to 1.92 billion euros ($2.09 billion) for the 12 months to March 31. Full-year revenues rose 25% to 13.44 billion euros ($14.65 billion). Although the Dublin-based company’s shares fell in morning trading, Ryanair’s shares significantly…