Business Leaders

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors 
HomeAll NewsMost read newsBusiness Leaders Biography
Portrait de Michael O'Leary
Birthday : 11/30/1960
Place of birth : Mullingar (Westmeath) - Ireland (Eire)
Public asset : 72,766 USD
Country of residence : Ireland (Eire)
Linked companies : dotdigital Group Plc

Biography of Michael O'Leary 
Michael O’Leary began his studies in a Catholic school, the Clongowes Wood College, and then at Trinity College in Dublin. He will come out without a diploma.

From 1984 to 1986 he was taw consultant at KPMG. In 1988 he became Tony Ryan’s financial advisor, co-founder with Christy Ryan and Liam Lonergan of Ryanair in 1985. At first time, it operates flights between Waterford, a town in south-eastern of Ireland, and London. The company expands quickly its offer with many flights intra Europe.

In the 1990s, Tony Ryan quitted the company’s direction and Michael O’Leary became deputy CEO in 1991 and CEO in 1994. He was responsible for restructuring the company in order to increase its earnings. He focused on a unique aircraft model, giving up the idea of business class and proposing very low prices.

In 1992, he went to Dallas to study the operation of Southwest Airlines. O’Leary transforms Ryanair from a small company in a first low cost’s group and third largest airline company in Europe (after Air France / KLM and Lufthansa). Ryanair’s headquarter is situated in Dublin.

The company had grown very quickly thanks to its business model of “low cost” and airline industry’s deregulation in Europe in 1997.

In 2001, Michael O’Leary was awarded as "European businessman of the Year" by Fortune magazine. Tony Ryan, founder of Ryanair, died in 2007 of pancreatic cancer.
Copyright © 4-traders.com
Anecdotes
He is keen on horse racing, agriculture and rugby. In 2004, he bought a taxi license for his Mercedes-Benz to use the bus lanes in Dublin in order to reduce his travel time.
Citations
"We need a recession. We have had 10 years of growth. A recession gets rid of crappy loss-making airlines and it means we can buy aircraft more cheaply."

"I'm probably just an obnoxious little bollocks. Who cares?"

"At the moment the ice is free, but if we could find a way of targeting a price on it, we would."

"For years flying has been the preserve of rich fuckers. Now everyone can afford to fly."


Current positions of Michael O'Leary 
Holdings of Michael O'Leary 
Michael O'Leary : Personal Network 
Most Read News 
06/22ELON MUSK : Musk says Tesla's new car factories 'losing billions of dollars'
RE
06/28WARREN BUFFETT : Buffett's Berkshire buys more Occidental shares, raises stake to about 16.4%
RE
07/02ELON MUSK : Musk breaks silence on Twitter, posts a picture with the pope
RE
06/29MUKESH AMBANI : Factbox-Ambani children at centre of leadership change at India's Reliance
RE
06/23MARK MILLER : Column-Want to do something about your ailing retirement savings? Don't
RE
06/28RALPH HAMERS : UBS head of strategy to depart bank for entrepreneurship
RE
07/06ELON MUSK : Elon Musk had twins last year with one of his top executives - Business Insider
RE
06/22TREVOR MILTON : Nikola founder Trevor Milton faces new fraud charge
RE
06/22RUPERT MURDOCH : Rupert Murdoch and Jerry Hall are getting a divorce - NYT
RE
07/05PETER THIEL : Stock Futures Head Lower as Recession Fears Loom Large
DJ
More news


© 2022 People and Ownership :   
Michael O'Leary : Connections 


Latest news about Michael O'Leary 
06/17Belgian cabin crew unions plan June 24-26 strike at Ryanair
RE
06/15Ryanair drops Afrikaans test after SA backlash
RE
06/15Ryanair drops Afrikaans test after backlash in South Africa
RE
06/15Ryanair drops Afrikaans test after backlash in South Africa
RE
06/14Ryanair's FY22 Summer Fares To Be Up To 9% Higher than 2019 Levels, CEO Says
MT
06/14Ryanair's Summer Fares To Be Up To 9% Higher than in 2019, CEO Says
MT
More news