Michael O'Leary interview on Brexit

The video discusses the potential benefits for Ireland if the UK leaves the EU, highlighting increased foreign investment and the relocation of banks and service companies to Ireland. It also examines the impact of the falling Sterling on the UK economy, particularly in the services sector, including Ryanair. Ryanair's strategy to counteract these economic changes involves reducing fares to attract more customers, despite the challenges posed by Brexit and currency fluctuations.

What is one potential benefit for Ireland if the UK exits the European Union?

• Loss of banking institutions

• Decrease in service companies

• More foreign investments

• Increase in manufacturing companies

How has the decline in Sterling affected UK consumers?

• It has made imports cheaper

• It has strengthened the UK economy

• It has no effect on consumer prices

• It has made imports more expensive

What is Ryanair's response to the weaker Sterling and Brexit uncertainty?

• Increasing ticket prices

• Focusing on manufacturing

• Reducing fares and increasing customer numbers

• Reducing the number of flights

What promotional offer did Ryanair introduce to attract more customers?

• £2 seat sale for November travel

• Free flights for a year

• Discounted hotel stays

• Free meals on board

What is the expected impact on Ryanair's profits due to their new strategy?

• Profits will decrease by 50-70 million

• Profits will remain unchanged

• Profits will increase by 50-70 million

• Profits will double