Ryanair will benefit from recessions, says Michael O’Leary

Airline launches its biggest UK winter schedule as CEO says era of ‘cheap and cheerful fares’ is not over yet

Ryanair has said it will be the beneficiary of looming economic shocks, as it launched its biggest UK winter schedule while predicting short-haul aviation would not return to pre-Covid levels until 2025.

The chief executive, Michael O’Leary, said his airline was poised to overtake easyJet as the major carrier in the UK after expanding its operations this summer, and would “grow stronger in a recession”.

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