It is very interesting to see that people think so highly of Ryanair. Ryanair at present has 1.2 Billion Euros in Cash, so they can operate their current operation for 3 years with 0 pax and not worry. Charleroi represents 3% of the whole network, so I do not think they can worry that much. They have no real investments in Belgium (just airplanes and crew) They can easily leave and put these aircraft somewhere else. But before doomsday comes, I am sure the European Union will bring a more balanced ruling for everyone involved. There is still the appeals court in Luxemburg if necessary.
I believe someone will make big bucks with the stock price fluctuations over the last few days as it is a very low price for a robust business model, with solid performances and a proven management team
JP
