Ryanair is Right About ‘Crack Cocaine’ Airline Bailouts [Yahoo! Finance News]
Ryanair Holdings plc - American Depositary Shares, each representing five Ordinary Shares (RYAAY)
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Source: Yahoo! Finance News
Opinion) -- Michael O’Leary knows plenty about state aid. The Irish budget airline he runs, Ryanair Holdings Plc, has been the focus of various subsidy disputes over the years, related to the small airports it serves. Still, you can understand his frustration at the way European governments are showering bailout money on a handful of mostly inefficient carriers, while those he views as more deserving airlines go without.He’s threatened to go to court to force France and other wealthy countries to share rescue money out more equitably, reported last week, and he’s compared cash-strapped Deutsche Lufthansa AG of behaving like a “crack cocaine junkie.” Thanks to the largess of Paris and Berlin, Air France-KLM and Lufthansa could end up with almost 20 billion euros $21.7 billion) of taxpayer cash between them, even though they had inferior profit margins and balance sheets prior to this crisis.It’s not just Ryanair that’s losing out. International Consolidated Airlines Group, which owns
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RYAAY
Sec Filings
- 12/20/24 - Form 6-K
- 12/19/24 - Form 6-K
- 12/18/24 - Form 6-K
- RYAAY's page on the SEC website