PPRuNe Forums - View Single Post - Michael O'Leary - "only four airlines will survive"....
Old 3rd Nov 2008, 15:44
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Capot
 
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Michael O'Leary 's motive in spreading the word like that is to engineer a loss of confidence resulting in people not paying for bookings with the airlines concerned, thus damaging the cash flow of the airlines concerned, and triggering a rapid slide into bankruptcy.

It's a deliberate, classic and very effective tactic, so long as it does not backfire.

Which it won't; Ryanair has huge reserves, augmented by the large financial benefit derived from Boeing's problems.
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