Michael O’Leary will remain in charge of Ryanair for a further five years and lead a group-wide restructure “not dissimilar to that of IAG”.
Ryanair's group chief executive Michael O'Leary hopes its efforts will spark 'consumer agencies' into action
O’Leary’s future had been in doubt after hinting he could retire at the end of his current five-year term, or move instead to a rolling 12-month contract.
However, the budget carrier confirmed in reporting its third quarter results on Monday (February 4) its outspoken leader would remain at the helm.
Ryanair posted a Q3 loss (three months to December 31, 2018) of €20 million (£17.5 million), citing weak winter fares driven down by excess capacity.
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