Ryanair in Crisis - Will O'Leary be ousted?
Is it possible that I'm the only one absolutely gleeful at O'Leary's pain?
First the obstreperous tike FAILS to protect the company by ignoring world consensus on rising oil prices. FAILING to hedge any of its huge fuel bill.
Then just as the market peaks, he DISASTROUSLY hedges 85% of Ryanairs bill in the mid $120's. What an narcissistic DOLT.
With world opinion now settling for a price of around $100 per barrel it must surely be time to call for O'Leary's resignation from the board. He's rich, he wont care (really), but the world is a different place. No longer are we in boom times, no longer can this contemptuous, blustering, academic drop out ride the wave of cheap money.
Ryanair will survive but it's over Mike, be a good boy and fall on your sword....