Ryanair boss Michael O’Leary has revealed he ‘hates’ going on holiday and would rather work than ‘lie on a bloody beach and read’.
Mr O’Leary said he would much rather stay at home than take a trip abroad.
The 62-year-old recently became the longest-serving CEO of a large airline having taken over the reins of Ryanair in 1994 when it was facing the threat of bankruptcy.
The outspoken former accountant once famously said Germans would ‘crawl b*****k-naked’ to get low fares.
In the three decades since it has become the world’s third largest airline and this financial year is expected to have 183 million passengers, with 1.3million flights by 575 planes to 235 destinations.
It has seen O’Leary reportedly amass a £850million fortune.
Ryanair boss Michael O’Leary has revealed he ‘hates’ going on holiday and would rather work than ‘lie on a bloody beach and read’
The 62-year-old recently became the longest-serving CEO of a large airline having taken over the reins of Ryanair in 1994 when it was facing the threat of bankruptcy
Asked by The Sunday Times magazine if he was planning a special holiday to celebrate 30 years since becoming the boss, he said: ‘I hate holidays.
‘I can’t lie on a bloody beach and read. I’d much prefer to be working.’
He also told of how he had refused to stump up £15,000 to fly by business class with British Airways on a recent trip to the USA.
He said he instead went with Aer Lingus, which cost £2,500 for the same trip.
Asked about Air Lingus – which has a fleet of 54 planes – he said: ‘It’s a Mickey Mouse airline, in European terms.’
And some of Ryanair’s passengers might have their trips cancelled this year after the Dublin-based airline said it will be forced to make ‘minor schedule changes’ as it will only receive 40 of the 57 planned Boeing 737 MAX 8200 planes before the end of June.
Ryanair’s current summer schedule is based on it receiving a minimum of 50.
The carrier said in a statement: ‘Ryanair will now have to reduce approximately 10 aircraft lines of flying for the peak summer months of July, August and September.
‘This will cause some minor schedule changes in the context of Ryanair’s 600 aircraft fleet and will reduce frequencies on existing routes rather than cutting new routes.’
It added it has already implemented schedule cuts at some of its ‘higher cost airports’ such as Dublin, Milan Malpensa, Warsaw Modlin and four Portuguese airports.
Mr O’Leary predicted that Ryanair’s ticket prices will be up to 10 per cent more expensive this summer compared with the same period last year.
This means that a family of four could be paying a lot more if they choose to go abroad this summer holiday.
For families hoping to jet off to the historic city of Dubrovnik in southern Croatia, which rose to fame after being featured in Star Wars and the Game of Thrones, the 10 per cent price hike may mean paying £94 more for tickets.
Currently, the price of Ryanair tickets from London to Dubrovnik for two adults and two children this June is £942.
The price for an adult ticket at the time of writing is £235 and for an adult and a child, it costs £472.
But this could rise to £1,036 for a family of four with the price hike.
Mr O’Leary became boss of the Dublin-based airline it has become the world’s third largest airline and this financial year is expected to have 183 million passengers
Mr O’Leary also told of how he had refused to stump up £15,000 to fly by business class with British Airways on a recent trip to the USA
Those hoping for a trip to Tenerife are also likely to see a significant price increase, but not quite as steep as tickets to Croatia.
For a family of four, it currently costs £584, costing £144 for one adult, and £291 for an adult and child.
But this may cost £58 more in total with the expected increase.
Meanwhile, MailOnline reported in December Mr O’Leary was set to pocket a €100m bonus after Ryanair’s shares reached a record high.
In the airline’s most recent financial year, O’Leary was paid €925,000 but also owns 3.9 per cent of the company at a market value of €907m, according to reports.
Robert Johnson is a UK-based business writer specializing in finance and entrepreneurship. With an eye for market trends and a keen interest in the corporate world, he offers readers valuable insights into business developments.
