Ryanair boss Michael O’Leary on Thursday threatened legal action over the government help given to regional carrier Flybe.
Michael O’Leary has written a strongly-worded letter to the Chancellor, Sajid Javid, saying the state rescue of Flybe contravenes competition rules.
He argues measures that are being put in place to help Flybe should be extended to other airlines.
Will Walker-Arnott of Charles Stanley says the Flybe saga is “turning into a political football”.
“I look at the business from a financial point of view, and this has been a perennial loss-maker. The company lost £9.4m in 2018.”
“They grew their revenues year-after-year, but they can’t make a profit. You have to question their leasing arrangements. They would have been impacted by the rising oil price, so it’s a difficult environment for them.”