Ryanair boss: Flybe is a bailout for the billionaires boys' club
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- Опубликовано: 15 янв 2020
- Ryanair boss Michael O'Leary tells Sky News the government is wasting public cash bailing out the regional airline Flybe.
He says the airline Flybe will go bust again despite being given a passenger duty "holiday".
He's also threatened legal action against the government while British Airways' parent firm IAG has lodged a state aid complaint with the EU.
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Looks like he was right about it only keeping Flybe going until march...
The UK government didn't give Flybe any money. It was all talk. Flybe was a British company and now Ryanair which is a Irish company will take over.
@@ABanRocks buy shares
Never thought I would agree with this bloke but he is absolutely right
He usually is in fairness
Socialism for the rich, capitalism for everyone else! Business as usual.
Samuel B 🤣
@Andy N Nothing wrong with Capitalism, equality cannot work in this business model, for richer people, there needs to be poorer people, and as long as people are hoodwinked its all good.
Spot on 😂
Samuel B ...100%
Spot on
If they can’t afford to be in business, then it should cease operations. Why should the tax payer bail them out, they let a major airline go bust but happy to keep a small one going ?
Because it connects parts of the UK that other airlines forget about. the British government let Monarch and Thomas cook go bust because other airlines like Easy Jet and TUI operate the same LCC routes as they do but Flybe fly to smaller airports around the UK and put the 'United' in the United Kingdom.
I know theyre losing money and if the government has to keep bailing them out then yes, it should cease operations, but its an airline that the UK needs.
@@Aviation18 And also these Billionaires are vital for the UK for life after the EU, we should undercut the EU, in business arrangements, and make it more viable to do business here. Give the EU whatever it wants, fishing, whatever long as we have single market access for the financial district of London. I have travelled on a flybe recently, and there was 4 of us on a Dash 8 plane from London to Germany. Now i would think making routes less often would be more of a decision to increase passenger numbers.
Aviation18 Surely if Flybe went bust, another airline would fill in its slots. I can’t see these remote parts of the Uk, simply being cut off
Jason I think less people are flying now especially short domestic trips
@@forza223bowe5 which is exactly what has happened, LoganAir and Eastern Airways (?) have taken over at least some of their routes
He talks a lot of sense. Straight talking - it’ll never catch on ! 😂😂
It’s March and he is right
He talks a lot more sense than the papers that slag him off at every chance they get.
it's funny how this interview was a month before FlyBe goes bankrupt
I’m still on my knees from when ‘we’ bailed out the banks. Not one penny more of my taxes must be used to bail out one more millionaire.
And the clear skies will be nothing but a benefit to the planet.
Let the millionaires take it on the chin just like we had to.
👏
👋
Wow, looking back now, O’Leary was actually right about all this Flybe stuff
Damn right
He's very very very rarely wrong
Not an O'Leary fan, but he knows more about operating an airline than Javid and Leadsome. So much for the Tory lame duck policy.
Javid was a successful investment Banker, before he took up his position in Govt. Now he knows a lot more about money than O'Leary does. Just because he saved one airline which serves the UK, whilst Thomas Cook, and Monarch served Bucket and Spade Holidays, sending revenue out of the country.
Jason It will be fine then, won't it.
@@cordes85 he knows as much about running an airline as I do about particle physics. People don't like O'Leary because he is smug, arrogant and supremely confident but when he talks he's usually right.
@@EyeInTheSkypaulmcmenamin I went on a Flybe flight from London City Airport to Germany last year, only 4 people on a flight that can hold 90+, Its simple economics. When companies fail because they are insolvent, then they deserve to be bankrupted. The likes of Virgin is not something id personally bail out, because he (branston) has the collateral to take a secured asset loan for a sum backed by the government sure, but needing his money to hold account, Also British Airways should be fully supported since it flies the British Flag, and its CEO isnt living in a Tax Haven.
@@EyeInTheSkypaulmcmenamin just like me , people love to prove me wrong and when they do they make a point of it, but it happens so rarely that it's not worth a mention, leaders have this trait in abundance and that is the way of the world.
They wouldn’t bail out Thomas Cook
true, but they had already bailed them out before
I never thought an old leftie like myself would concur with the Ryanair boss
Clever man. Predicted march
RA H he’s also predicted Norwegian going bust any time soon for the last five years. Even a stuck clock is right twice a day
@@nickcockayne7880 your dodging what he actually said
@@nickcockayne7880 the thing is Norwegian should have gone bust years ago they keep getting bailed out
Dude was right
March 4th 2020 22:00GMT and Flybe are 'minutes' away from collapse.....
o leary is entertaining......and truthfull as well
I think that conversion went somewhat around in circles!
i love how he says ryanair before he says any other airlines
Why do people clap when your planes land safely as if they’re not supposed to??
Bloody state controlled economy forgot the conservatives were socialists
Conservatives are new labour
James Helliwell bullshit the conservatives are the saviours of our country. Labour are the socialists
@@HypervoxelRBX Conservatives bailing out a failing company. I wonder who's family member has shares in flybe!!!!!!
@@MelkorRules well, business is business. Probably in the interest of the country to have access to more flight companies
@HyperVoxel The Conservatives = nationalist socialists. Labour = internationalist socialists
Ryan Air Boss dripping about being someone being unfair lol irony
Agreed and having flown with Flybe, it was much better. Would rather my tax payer money went to Flybe anyway, not an Irish airline.
@@dannyfeller7034 The Irish airline us the biggest in Europe. They dont need your racist money.
By a caravan and holiday at home.
@@paddymuppy Ha.... agreed!
He was right when he said it would go bankrupt in March and he was right when he said it go bankrupt every year or 2...
Was he doing this interview from a HMV or something???
Yeah, it's cheaper
I wish I could ask for millions of £££ if things go bad for me. They are a private company, that means private problems just like the rest of us, if the goverment starts to bail out companies then I think everyone citizen in the UK should all get 100,000 pounds each.
This one aged well.
Doesn’t the 2 from little Britain work on this air line .
It looks to me that oh, they need to put their money more into something that is more down-to-earth in these days.
Hi I'm
Michael O'Leary and I want
To make it clearly
That I don't care
Welcome to ryanair
How right this guy was 😂
Carefull Boris, must not fall foul of WTO state aid rules!
The name says it all: Flybe as in fly by night. Here today gone tomorrow.
Didn't know it was called Flybe-ee
How can be have 8.5 million customers a year and make no dough .... very very dodgy
Happens all the time in aviation unfortunately.... funny old business.
Very small margins
When private companies need money the government is there waiting to send stacks
Irish airlines are the best never went bust like the UK airlines
This man gave us all cheap flights. He disrupted a club. Some respect please.
matt69savage Exactly only for Ryan Air I would never have seen most of Europe was in Edinburgh before Christmas flew with FlyMayBe cost me a fortune and both flights to and from were delayed
Branson and Stobart multi millionaires and the working class bailing them lot out
Branson living on his island paying no tax
O Leary is right Billionaires club
Flybe are an awful airline. If they're going out of business it's their problem.
O Leary is becoming the voice of reason amongst the airlines! Least his business is still in business and he does seem to talk common sense!
Who says your revenue needs to walk on and off the aircraft. Fly freight.
“From my rotting body, flowers shall grow and I am in them, and that is eternity.”
Edvard Munch.
*Boris was given his majority by 'Old Labour' voters in the North and the Midlands, and he wants to keep them, and he knows how to do so. People who had voted Labour their whole adult lives didn't suddenly become supporters of the free market on 12 December 2019. Whether we like it or not, the future is nationalist socialism, as opposed to Marxist/internationalist socialism and as opposed to capitalism.*
He's always right
Failure in the marketplace.
Flying from Norwich to Exeter just seem absurd. Would be better to put the money into the railways which is a more environmentally friendly way of travelling however o expect the government are sensitive about what businesses go bankrupt in the run up to Brexit day.
The biggest benefit scroungers the Royal family have just had a pay rise I see as well.😉
Alan Watts Great point; there’s massive public support for a President Blair and ‘First Lady’ Cherie (plus family), lording it over us from Buckingham Palace at twice the cost of the royals!
Dang
And what I like what he’s saying which many never do is the most essential business principle, is it making money! Unfortunately that is the truth of business - turnover is vanity, profit is sanity!
Government also wasted our money by handing Dyson, McLaren and others cash for supposedly making ventilators, which never got made.
All of them were being bailed out for losses, some by bad decisions, such as Dyson's failed electric car idea.
Flybe is no more...
Can anybody tell me what has this got to do with the majority passengers and why Ryanair still exist?!
Because it's europe's biggest airlines (in terms of passengers) and consistently makes money (even given recent blips; looks at it's balance sheet). Could that be the reason why?
Probibly because the CEO is the shrudist airline operator on the planet!
When one billionaire complains about another 🤦♂️
If they can bail out Virgin/Delta they should have helped Monarch and Thomas Cook
This is wrong ! We need free market this is bad for competition
Privatised profit and socialised losses
What we need is a level playing field for all EU businesses. Maybe the EU could try it out.
I like his outside toilets😂
Ryanair is cool
Richard fairhurst chungus said no one ever
@@minifridgegaminguk2533 yeah but they just wrote it.
Wonder if Ryanair will go to the begging bowl if Covid-19 continues to ground flights?
Nope
I doubt it, but they will lay off thousands, narrow their routes served and ground a few aircraft.
Well he was right
Do not like the man but he was right
Is Ryanair a uk company or an Irish company?
Japanese
What the hell's that got to do with the price of fish? The owners of Flybe are based mainly offshore anyway.
For once he is right
Let It go bust. People can use the trains
Branson will always get a taxpayer bailout. It was from the NHS not so long ago.
None of these companies should be bailed out. We are capitalists, let the free market reign free
It's 2020 ffs. Sort the time delay out.
he was right.....
I don't particularly like O'Leary or his business practises but he's right on this one, this holiday tax thing should have applied to All UK airlines not just Flybe. Propping up the likes of Branson, Delta and especially Stobart who have put dozens of the smaller haulage company's out of business by deliberately undercutting them to a point where they couldn't compete, they've been handing this sort of treatment out for years demolishing the competion, well it's their turn to feel some of the pain they've inflicted on other's, the Government didn't give them the money they wanted in the end and in view of this Virus crippling airlines it was a great decision because that would have been another 100 million down the plughole. Let these big players bail their own company's out their always bragging about how much money they have, Branson has spent millions on his crazy rocket venture, he could have used some of that money to either save Flybe or Virgin Atlantic which he is now asking for Government help to prop him up during this Pandemic, let Virgin Money bail him out.
The people that extol the virtues of Ayn Rand the loudest, are the ones least likely to have actually read her. They remember her disdain for the fortunes of the individual but they conveniently forget that she said government owes no one anything. They say if an individual goes bankrupt that’s the fault of the individual. Their company goes bust; they expect the government to bail them out. No! She wanted all to be treated the same. If an individual or small business goes bankrupt no o e makes a fuss. Why should large companies and banks be treated any differently? If they are allowed to fail then they will be replaced by an entity with a better business model. She waffles on about objectivism. It’s more Darwinism.
flybe me corona
Totally agree with O 'leary,..Fly-be owned Branson and Delta asking the British taxpayer to help bail them out !! WTF, when a billionaire whos putting Millions etc, in his 'Space' project and sitting in a one of his large mansions, on 'ONE off his owned islands, ! yet us the taxpayer has to pay for it and a large U S corperate company 'Delta', also doing the same....GTF, !! Branson.
Must admit it is no surprise that big business guys are up in arms about the Flybe bailout as they have no interest in the maintaining of the jobs of those employed by Flybe. We have already seen the hurt caused when another British travel company went under. Furthermore I have little or no care for Ryanair as it is an Irish Airline. Big businessmen have no care for the livelihood of their employees.
@Danny Feller OK, socialist, calm down.
An Irish airline that has its largest base in the UK and provides employment for thousands of Brits...Brexiteers are in for a rude awakening 🍿🍿😃
@Eīľëëñ Are they, if that is the case then Ryanair have more to worry about than we do. Maybe this is the start of the UK protecting itself from aggressive overseas businesses.
@YorickReturns 😁😜 ok will do.
Bbc now has 3 meanings, billionare boys club, british broadcasting corporation and big black di-
Wouldnt it be cock
I can’t respect a man who doesn’t give decent leg room on his flights.
dazzaburger dont fly ryanair then
@@TheSpartan180 this is true, I don't understand why people use budget airline and then complain about conveniences.
@@UltimateAlgorithm Uh, companies are suppose to serve customers, not the other way around, dimwit!
🤔 yup
Just heard trump talking
🤫🤦🏾♂️
Lol at Ryan Air.
And now this leprechaun is in trouble. 😃😃😃😃😃
He so salty
bet he wants a bail out now.
He looks like mr bean
Joke
No one would pay my tax
FlyMayBe are absolute crap
Sorry, there will be little sympathy for O'Leary. He treats customers like garbage so I guess he doesn't like these rules?
I regularly fly, then why I came home to Ireland and popped over to London on Ryanair I found out I had to pay 55 Euro to get on the plane because I hadn't checked in on line. Need to hire a lawyer to take a flight with them
SeanHealyMusic checking in online is not a new thing.... and everyone at this stage knows how fickle Ryanair are. Not much sympathy
@@DerekByrne1984 Evidently I didn't know... I don't live in Europe
Meanwhile this muppet charges his passengers extra for breathing lmao
Anything that upsets this ludicrous gobshite is fine with me.
He's only jealous 🤣Government should let them go bust it's down to greedy bad management that their in this mess
Who is jealous of what?
I couldn't care what he thinks or if it's right or wrong but Ryanair will never see one penny more of my cash after the disgusting way he spoke about Brexit and his contempt for democracy in persute of profits
@angry brit OK, socialist, calm down.
😂😂 He was dead right
So, O'Leary will be very happy now that a big competitor has gone. Not that that was behind his so-vocal protest (of course).
Olurrry whinging again.....he who protests too loudly has something to hide?...
Careful now... your racist hem is showing 🙄😂
It's those pesky dole bludgers we should go after
Corporates should be bailed out.
Says the billionaire boy.....
Fly be-e
100% Correct
Ryanair is an Irish company and Ryan is an Irish citizen, what right has he to comment on UK business or politics.
Ryan who ? ... 🙄😂😂😂
😎👍☘🍺
Every right suck it up John bull😅
I wonder when Ryanair has a cashflow crisis, which may happen due to the Coronavirus flying restrictions, I wonder if Michael O'Leary will change his view?
Considering they have over 2 billion in cash, that wont be for a while... but carry on making a fool of yerself 🙄😂
@@peterfitzpatrick7032 have 4 billion now.
Bit of sour grapes? To loose Newquay to London link would be a travesty. 7 hours by train, an eternity by car.
This guy has no idea what he is talking about. Firstly it's not Fly B E its Flybe. Secondly 4:30, it was renamed from Jersey European to British European to enable expansion. It was then renamed Flybe in 2002 partly because of a legal issue with BA who own the name British European Airways and also to allow the business to become a low cost airline. BA Connect was sold to Flybe by BA, Flybe never had a bailout until 2019, thats 39 years of operating within it's means. Flybe was a private company until 2010 when it became public. The only reason it went into financial trouble was down to the poor management of Christine Widner, it was sold to Connect Airways a mix of Virgin, Stobart & Cyprus Capital in 2019, who invested a significant amount of money into the airline, it's APD(The Green tax referred to by Mr O'Leary) Has often been an issue for Flybe because it has to pay for it twice, One on take off, again on landing within the UK, this means it added up to £50 onto the average passenger bill.
Flybe called for it to be changed numerous times in 2014, so that it would only pay for it once, as every other flight does, allowing to to stay competitive, this not only benefited Flybe but also airlines like Ryanair, nothing was ever done about it. Lets not also forget, 10 years ago Flybe & Ryanair we're looking to create Flybe Ireland together, don't believe everything this man says, he lies through his teeth to get his own way and benefit his own pocket!
Ryan air are just jealous he should stop spending millions on horses .why are the poor not getting any help it’s only rich business owners and banks that get help it’s a disgrace
I know nothing about the guy but my first impression is Michael O'Leary is a bit of a 🤬