European short-haul capacity will remain constrained this summer owing to various operational and geo-political facts, Ryanair boss Michael O’Leary has warned.
O'Leary said Ryanair's cost advantage on competitors has continued to widen
Volatile oil prices, a shortage of aircraft, the strong return of Asian and US visitors to Europe, and the ongoing French air traffic control strikes have put pressure on the short-haul market, Ryanair chief executive O’Leary said on Monday (24 July).
The comments come as the low-cost carrier’s profit after tax soared 290% in the three months ended 30 June, going up to €663 million (£571.7 million), while traffic went up 11% to 50.4 million passengers.
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