United Kingdom
United States
Asia Pacific
O’Leary cashes in again
Ryanair boss sells GBP17 million stake, despite not needing the money
Ryanair’s chief executive Michael O’Leary has sold £17 million pounds’ worth of shares in the airline – just days after reportedly stating that he would do no such thing.
O’Leary sold some four million shares, reducing his shareholding in the carrier to 41 million shares, which at today’s market rates are worth around £173 million. On 3 June, when Ryanair released its annual results, O’Leary stated: “I have no intention of selling shares at the moment. For one thing I do not need the money and for another I am too busy driving down fares.”
At the time, the boss warned that margins would drop over the next year because the airlines was going to reduce fares by 10 to 15 per cent. Several commentators speculate that the sell-off might be to fund O’Leary’s forthcoming wedding; a spokeswoman for the carrier refused to comment, however, reportedly telling The Independent: “Disposals of shares by shareholders are not a matter for the company.”
O’Leary originally held more than 14 per cent of the company and had sold off shares every year since it was floated in 1997.
Walt Leger on New Orleans’ Resilience and Major Events Ahead
Cindy Mackin Shares Estes Park’s Winter Thrills
Mark Jaronski of Explore Georgia on FIFA World Cup 2026
Connecting Small Businesses to Global Tourism Markets: Nate Huff of Tourism Exchange
North Carolina’s Resilience: Wit Tuttell on Recovery and Tourism
Kittipong Prapattong’s Plan for Thailand’s Tourism Growth: Taxes, Visas, and Campaigns
James Jin: Didatravel’s Journey from China to Global Reach and the Impact of AI on Travel
Darien Schaefer on Pensacola’s Evolution: From Small Town to Global Destination
Florida Tourism’s Next Frontier: Dana Young on Expanding Beyond the Classics
Patrick Harrison on Tampa Bay Tourism’s Resilience and Marketing Strategy
Bubba O’Keefe on Clarksdale’s Vibrant Music Scene
Commemorating Elvis and Embracing Tupelo’s Culture with Jennie Bradford Curlee
BA suspending all Heathrow to Abu Dhabi flights
Unexpected wave rocks cruise ship
Report: Cruise guest died after ship lashed in heavy storm
British teen in serious condition after paraglider collision
JetBlue scraps London Gatwick flights