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Feb 4 2019, 06:45 GMT
Ryanair Holdings
Michael O’Leary agrees new five-year contract as group CEO under new group structure
- Sectors : Airlines
- Companies : Ryanair Holdings
DAVY VIEW
Michael O’Leary has agreed a new five-year contract under a new group structure and will oversee the development of the group and the four airline subsidiaries: Ryanair DAC, Laudamotion, Ryanair Sun and Ryanair UK. With only c.15% of a growing but consolidating market, we see Ryanair continuing to enhance its leadership position in European short haul. It remains cautious on summer fares and continues its load factor active/yield passive strategy. Our ‘Outperform’ and price target €14 remains.
