Ryanair CEO May Sue EU Over ‘Selective’ Airline Bailouts

The video discusses the challenges faced by airlines due to liquidity shortages and the role of government bailouts, particularly focusing on flag carriers. Ryanair's CEO, Michael O'Leary, expresses concerns about selective state aid and considers legal action against countries like France. The discussion highlights the importance of fair aid distribution and Ryanair's financial strategy to remain independent in a free market.

Why does Michael O'Leary believe Ryanair may not need state aid despite having a cash pile?

Discuss the implications of moral hazard in the airline industry as mentioned in the text.