Ryanair CEO: Heathrow Expansion 'Huge Missed Opportunity'

The transcript discusses the expansion of Heathrow Airport and the need for additional runways in London to foster competition and reduce airfares. Michael O'Leary of Ryanair argues for three new runways to enhance competition among airports, similar to the competition among airlines. The discussion also touches on political and environmental challenges, the impact of Brexit on aviation, and how London's airport infrastructure compares to European cities. Ryanair's business strategy in response to economic changes, including Brexit, is also covered.

What is the main reason for advocating additional runways at Gatwick and Stansted?

• To increase the monopoly of Heathrow

• To create competitive pressure among airports

• To reduce air traffic in London

• To increase airfares significantly

What is the anticipated impact of Brexit on London's airport capacity?

• It will have no impact on capacity

• It will create new airports

• It will significantly increase capacity

• It will decrease capacity

How does the speaker view the resignation of a Tory MP in relation to the runway expansion?

• As a victory for local constituencies

• As irrelevant to the overall decision

• As a significant political setback

• As a reason to halt the expansion

What strategic change is Ryanair making in response to Brexit?

• Raising airfares in Europe

• Increasing capacity in the UK

• Opening new routes in the UK

• Reducing growth in the UK

What is the expected effect of lower fares on Ryanair's business?

• Decrease in passenger numbers

• Increase in shareholder profits

• Stronger forward bookings

• Reduction in European visitors to the UK