O'Leary Sees Ryanair Fares Falling Despite Tough Market
Ryanair Holdings Plc said it will transport more passengers than previously expected in the years ahead, as lower fares help Europe’s biggest discount airline draw customers and boost profit. Dublin-based Ryanair plans to serve more than 200 million customers by 2024, up from a previous target of 180 million, the company said on Monday. Passengers in the first half rose 12 percent to a record 64.8 million, pushing after-tax profit 7 percent higher to 1.17 billion euros ($1.3 billion) in the period. Ryanair will share returns with investors by buying back stock. Ryanair CEO Michael O’Leary discusses the business and his views on Brexit with Anna Edwards and Yousef Gamal El-Din on "Bloomberg Daybreak: Europe."