BestWestern
Topic Author
Posts: 7535
Joined: Fri Sep 08, 2000 8:46 pm

Ryanair CEO Latest "Screw The Share Price"

Fri May 28, 2004 12:12 am

Has O'Leary lost it this week... One day after his outburst against the belgians, hes now out to annoy the investors.

http://www.travelmole.com/news_detail.php?news_id=100598

According to the Daily Telegraph, Mr O’Leary said: “Screw the share price – we are in a fare war.”

”I own more of the shares than anyone else. They can join the queue behind me. We are in a fare war and we are going to win it. If they are not happy they can always sell them.”
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srbrenna
Posts: 98
Joined: Wed Apr 28, 2004 12:26 am

RE: Ryanair CEO Latest "Screw The Share Price"

Fri May 28, 2004 12:28 am

I don't think O'Leary has lost it at all -
This is pretty consistent with the rest of his rants
It will fill up Newspaper column inches (and BBs!)
He knows exactly what he is doing and the share price drop of 10p seems to reflect that the investors are not concerned

All PR is good PR and O'Leary (along with Branson) sure knows how to milk it!
 
babybus
Posts: 2379
Joined: Sun Dec 28, 2003 5:07 am

RE: Ryanair CEO Latest "Screw The Share Price"

Fri May 28, 2004 12:38 am

If you read his quote and try really really hard to forget his face,forget his irritating tone of voice and forget his unfortunate reputation and imagine for one minute someone else,some other high powered airline chief saying those exact words then we'd all be here applauding.

In difficult economic times like these you want to hear that the man with the most shares is still holding onto them. Unlike other airline owners who would sell out at the first sign of trouble and don't have a head for a fight.

That man is not the lose cannon we obviously think he is.

Cheers.



and with that..cabin crew, seats for landing please.
 
FLYtoEGCC
Posts: 929
Joined: Thu Feb 12, 2004 7:56 am

RE: Ryanair CEO Latest "Screw The Share Price"

Fri May 28, 2004 12:50 am

He's determined to make his airline successful and keep it successful. He may not be the most likeable man on Earth, but respect to him for sticking at what he's doing, and, as Babybus said, not selling at the first sign of trouble.

Given that his airline's whole business is based around low-fares, then obviously he needs to keep in the fare war to keep the fares low... if FR don't try and win this one, then fares will rise, passengers will go back to full-service carriers, Ryanair won't make as much money and the share price would drop even further. I think what he's doing is correct.
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