RYAOF - Ryanair: A Wonderful Airline Competing In A State-Aid Market
Introduction
Ryanair (RYAAY) (RYAOF) is an Irish budget airline, one of the biggest in Europe. They are able to be more profitable than all other European airlines by running the company very efficiently. They only operate Boeing (BA) 737's. At the start of 2020, they actually wanted to diversify their fleet to include Airbus (EADSY) planes but decided otherwise after the COVID-19 crisis. Ryanair has one of the most capable management teams a European airline has ever seen, CEO Michael O'Leary turned Ryanair into a European powerhouse.
(Source: Ryanair Investor relations)
His approach was