O’Leary: “Siamo vittime del nostro successo”
💸 Ryanair CEO Michael O'Leary reports a possible 10% decrease in summer fares compared to the previous year after a 15% drop in fares during April-June quarter, nearly halving the profits. Despite consumer spending challenges, travel demand persists but with a preference for cheaper seats. As of the interview, 95% of July seats, 74% of August, 40% of September, less than 20% of October, less than 10% of November, and less than 5% of December are sold. Ryanair can endure lower profit margins due to its size and low operational costs.
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