Eccentric CEOs: Michael O’Leary, Ryanair Holdings plc (ADR) (RYAAY)
Ryanair CEO Michael O’Leary is perhaps one of the most polarizing CEOs on the planet. You either loathe or love his outlandish remarks and no-holds-barred comments, and I fall in the latter camp.
O’Leary doesn’t shy away from having an opinion and he has always been upfront about RYAAY’s mission — safety and profits, profits, profits. While many have criticized his intense cost-cutting measures, the airline has become synonymous with low-cost flights. O’Leary’s willingness to speak unfiltered to the press has given the airline a lot of free publicity.
RYAAY has done well because of that- the company was able to thrive despite a financial crisis in Europe and has grown to become one of the largest airlines in the world. The company’s profits have been nothing short of impressive over the last few quarters, and although the impact of the Brexit is likely to take its toll, RYAAY is likely to weather this storm successfully.
Love him or hate him, O’Leary delivers for shareholders and his flamboyant remarks are constantly generating buzz for Ryanair.
As of this writing, Laura Hoy was long RYAAY and AMZN.