Ryanair's O'Leary Sees `Challenging' Winter, 2020 Improvement

The transcript covers a discussion with Michael O'Leary about the challenges facing the airline industry, including market changes due to airline failures, capacity issues, and regulatory delays with the Boeing 737 Max. It also touches on oil price trends, labor relations, and the potential impact of Brexit on the industry. Despite challenges, there is cautious optimism for the future, with expectations of lower oil prices and reduced capacity growth leading to better outcomes for airlines.

What is one of the main reasons for optimism in the aviation industry despite challenges?

• Higher average fares

• Lower oil prices

• Increase in passenger traffic

• More airline failures

How has the market structure changed due to recent airline failures?

• Increased competition

• Reduced capacity

• More airline mergers

• Higher ticket prices

What is the primary reason for the slower growth in passenger numbers?

• Demand slippage

• Increased competition

• Higher oil prices

• Capacity slippage

What is causing delays in the return of the Max 737 aircraft to service?

• High operational costs

• Lack of demand

• Technical issues with the aircraft

• Regulatory delays

How many Max 737 aircraft does the company expect to have by next summer's peak?

• 10

• 20

• 30

• 60

What was the outcome of the recent strikes organized by Balpa?

• No flight cancellations

• High pilot support

• Increased pilot pay

• Significant flight cancellations

What is the potential impact of a transition period on UK airfares?

• Increase in airfares

• No change in airfares

• Complete halt of flights

• Decrease in airfares