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Ryanair dominates the European sky.
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00:00:05,440 --> 00:00:07,598
Valued at 30 billion Euro,
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00:00:07,599 --> 00:00:10,559
its low-cost model has made
travel affordable for everyone.
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00:00:11,519 --> 00:00:14,120
Starting as a scrappy disruptor...
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00:00:14,959 --> 00:00:16,119
Cheers to Ryanair.
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00:00:16,120 --> 00:00:18,479
...that struggled to fly.
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00:00:18,480 --> 00:00:21,039
Ryanair was in the
brink of collapse.
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00:00:21,040 --> 00:00:22,638
This was your life's work to date.
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00:00:22,639 --> 00:00:24,878
I mean, did you feel
devastated by the whole thing?
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00:00:24,879 --> 00:00:27,638
Knocked off my ass,
if I may use a crudism.
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00:00:27,639 --> 00:00:32,438
Until a wiry new CEO executed a
brazen low-cost model.
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00:00:32,439 --> 00:00:35,918
ARCHIVE: His standard dress for
work is blue jeans and check shirts.
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00:00:35,919 --> 00:00:39,198
And transformed Ryanair into
one of Europe's top ten airlines
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00:00:39,199 --> 00:00:40,958
by the end of
the 20th century.
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00:00:40,959 --> 00:00:43,638
Everything you do contributes
towards the bottom line.
16
00:00:43,639 --> 00:00:45,878
Michael O'Leary's obsession
with watching pennies
17
00:00:45,879 --> 00:00:49,318
had the pounds in their
millions take care of themselves.
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00:00:49,319 --> 00:00:52,838
ARCHIVE: Ryanair profits
soared by 33% last year.
19
00:00:52,839 --> 00:00:54,878
Oh yeah, it's all
about money, isn't it?
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00:00:54,879 --> 00:00:56,239
It's low cost...
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...At all costs.
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00:00:58,040 --> 00:01:01,198
As the 21st century creates
new chaos for Ryanair...
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00:01:01,199 --> 00:01:03,039
(COMMOTION)
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00:01:03,040 --> 00:01:06,958
I would pay no attention whatsoever
to Elon Musk, he's an idiot.
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00:01:06,959 --> 00:01:09,759
...it's up to Michael to
navigate the turbulence ahead.
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00:01:09,760 --> 00:01:12,199
If he can't go through you,
he'll go around you.
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RADIO: Ireland, you
can have the last word.
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The last word.
With Matt Cooper.
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On Today FM.
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Cathal Thomas and
Marion McKeown are with us.
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Where to start?
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Actually, Marion,
you know where we'll start...
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Michael O'Leary didn't
go into Ryanair
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because he had any
great love of aviation.
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{\an8}It wasn't his ambition to
make Ryanair what it is now.
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{\an8}It was his ambition to make as
much money from it as he could.
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Michael?
Yes?
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(CAMERAS CLICK)
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Got it?
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One of six children, he grew
up in the 60s and 70s
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00:01:50,199 --> 00:01:52,959
in the farming
community of Mullingar.
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Michael O'Leary
was a child of privilege,
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00:01:57,000 --> 00:02:00,959
no matter how much he might like to
portray himself as an ordinary man.
44
00:02:01,959 --> 00:02:04,399
He was educated in Clongowes College,
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00:02:04,400 --> 00:02:07,680
an elite boarding school with
a Jesuit focus on discipline.
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00:02:09,400 --> 00:02:11,638
Michael's father was an entrepreneur
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00:02:11,639 --> 00:02:14,838
and ran a wool textile
company in Mullingar.
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00:02:14,839 --> 00:02:18,918
He would have observed his father
getting into financial difficulties.
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00:02:18,919 --> 00:02:22,598
He was the type of guy who was
always buying when everyone else
50
00:02:22,599 --> 00:02:25,159
was buying and always selling
when everyone else was selling,
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00:02:25,160 --> 00:02:28,318
and that is not the way to
actually get rich in business.
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00:02:28,319 --> 00:02:31,278
I suspect that there was
always a degree of concern
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00:02:31,279 --> 00:02:34,518
for Michael O'Leary that the
lifestyle that he was becoming
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00:02:34,519 --> 00:02:36,759
used to could be taken
away from him.
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00:02:36,760 --> 00:02:38,958
After graduating from
Trinity College,
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00:02:38,959 --> 00:02:41,638
he entered the world of business.
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He went where he felt
he could make money.
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He wanted to make money
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00:02:45,760 --> 00:02:48,518
and make as much money
as he possibly could quickly.
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00:02:48,519 --> 00:02:49,999
{\an8}If you cut him,
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00:02:50,000 --> 00:02:54,000
{\an8}his DNA, he bleeds private
sector market economy.
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00:02:54,519 --> 00:02:56,720
PRESENTERS: Happy New Year!
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{\an8}The dawn of the new millennium,
an era of excitement and optimism.
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00:03:02,120 --> 00:03:03,878
A happy new year to all of you.
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00:03:03,879 --> 00:03:06,878
♪ (CHEERFUL MUSIC)
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00:03:06,879 --> 00:03:08,638
ARCHIVE: The much-hyped bug
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00:03:08,639 --> 00:03:11,639
which threatened to throw the
world into chaos failed to bite.
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(MUSIC FADES TO STOP)
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00:03:24,000 --> 00:03:26,838
Michael O'Leary was
about to face a global crisis
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that would test his mettle.
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(TRAIN RATTLES)
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That day,
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00:03:32,360 --> 00:03:35,079
I got a call from
the Stansted press team
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00:03:35,080 --> 00:03:37,638
saying we think you'd
better come up to our office.
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00:03:37,639 --> 00:03:40,318
There's something going
on that you need to see.
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00:03:40,319 --> 00:03:43,160
♪ (OMINOUS MUSIC)
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I was flying four sectors,
four flights that day,
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{\an8}and when we came back
to Dublin and landed,
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00:03:50,720 --> 00:03:52,639
{\an8}just like everybody
else was shocked.
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The world lost some of its innocence
and some of the carefree nature
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00:03:59,120 --> 00:04:01,318
of travel was lost.
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00:04:01,319 --> 00:04:03,839
You instantly think of the crew.
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00:04:04,519 --> 00:04:08,159
ARCHIVE: Cabin staff overcome
with emotion who burst into tears,
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00:04:08,160 --> 00:04:10,679
aware of the fate that had
befallen their colleagues
85
00:04:10,680 --> 00:04:12,519
on the four hijacked aircraft.
86
00:04:19,839 --> 00:04:23,039
September 11 was just
a complete watershed
87
00:04:23,040 --> 00:04:24,519
in everything but in aviation.
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00:04:26,480 --> 00:04:29,878
The World Trade Centre attacks,
9-11 brought aviation to a halt.
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{\an8}Airlines were cancelling orders,
cancelling routes.
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00:04:32,639 --> 00:04:36,079
Boeing couldn't sell an
aircraft for love nor money.
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ARCHIVE: Continental Airlines
is laying off 12,000 people.
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BUSH: One of the great
goals of this nation
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is to restore public confidence
in the airline industry.
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00:04:44,199 --> 00:04:47,079
One of the effects obviously was
with all these cancelled orders,
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Boeing and Airbus had orders
cancelled left, right and centre.
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00:04:51,360 --> 00:04:53,439
They might have to shut
down the production line
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for their short-haul aeroplanes.
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00:04:55,680 --> 00:04:59,159
And to shut down a production
line and restart it cost billions.
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00:04:59,160 --> 00:05:03,238
So for anybody looking to buy
aeroplanes, it was a buyer's market.
100
00:05:03,239 --> 00:05:07,799
Michael ordered more aircraft
when nobody was doing so.
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00:05:07,800 --> 00:05:10,119
Michael O'Leary
arrived in Seattle and said,
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I'm going to buy
all those aircrafts.
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00:05:12,000 --> 00:05:13,760
The employees cheered him.
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00:05:14,720 --> 00:05:19,079
The deal of 100 new
aircraft for $9 billion
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00:05:19,080 --> 00:05:22,238
brought Boeing back
from the brink of collapse.
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It was certainly one of
the best deals in history.
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Michael seized the opportunity,
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00:05:26,959 --> 00:05:30,319
a gamble in a world
now nervous of air travel.
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00:05:33,760 --> 00:05:35,479
Something about
Michael O'Leary is that
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00:05:35,480 --> 00:05:38,439
he just seems to have
that natural antennae.
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00:05:38,440 --> 00:05:41,359
He has that understanding
of what people are like
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00:05:41,360 --> 00:05:42,878
and how they're going to behave.
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He said, no, people
will want to go and fly.
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00:05:46,199 --> 00:05:49,120
Ryanair needed to fill
these new planes.
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00:05:49,879 --> 00:05:51,918
People questioned it at the time.
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He's not going to find
the markets for this.
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He's going to get saddled with debt.
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00:05:56,000 --> 00:05:59,759
Ryanair's reaction was to sell
seats to London for a tenner
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00:05:59,760 --> 00:06:01,278
and we filled
the aeroplanes.
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00:06:01,279 --> 00:06:03,318
He just made the market explode.
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00:06:03,319 --> 00:06:06,159
People who'd never flown before
and who'd never thought of flying
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00:06:06,160 --> 00:06:09,518
{\an8}and who'd never thought of
a mini-break in Paris or Brussels,
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00:06:09,519 --> 00:06:11,958
suddenly those people were booking
flights and getting on planes
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00:06:11,959 --> 00:06:14,519
and getting out of Ireland
just because it was so cheap.
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The new 737s went
through a Michael pass.
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00:06:19,360 --> 00:06:21,558
♪ (WHIMSICAL MUSIC)
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{\an8}The obsession on
building a lean machine
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{\an8}is what makes tickets low
and what makes profit higher.
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00:06:31,519 --> 00:06:33,558
When they went to
Boeing to figure out,
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00:06:33,559 --> 00:06:35,999
well, how can we make
this operating model cheaper?
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00:06:36,000 --> 00:06:40,119
They actually turned the stairs
into a step in the process to make,
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00:06:40,120 --> 00:06:42,919
again, onboarding
and offloading cheaper.
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00:06:44,199 --> 00:06:46,999
Which meant they didn't have to
buy gates closer to the terminal,
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00:06:47,000 --> 00:06:50,040
which meant they could buy cheaper
gates, which meant costs were low.
135
00:06:54,040 --> 00:06:56,838
Did you really want to charge
to use toilets on Ryanair planes,
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00:06:56,839 --> 00:06:58,198
yes or no?
Yes.
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If I can get rid of the 2 toilets
at the back of the planes,
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I can add 6 extra seats.
139
00:07:01,360 --> 00:07:04,439
With 6 extra seats, I can lower
everybody's airfare by another 5%.
140
00:07:04,440 --> 00:07:08,039
There's been a lot of skimping
on things like bolt upright seats
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00:07:08,040 --> 00:07:11,999
which don't recline, nowhere
to actually put your things
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00:07:12,000 --> 00:07:14,679
because they got rid of the
baskets on the back of the seats.
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00:07:14,680 --> 00:07:17,439
They didn't want to have to go
to the effort of cleaning them.
144
00:07:17,440 --> 00:07:20,399
{\an8}Part of the role of the cabin
crew is to go through the cabin
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00:07:20,400 --> 00:07:22,278
{\an8}with a black plastic bag,
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00:07:22,279 --> 00:07:24,359
which aesthetically
isn't very pleasing
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00:07:24,360 --> 00:07:26,199
for the customer
that's sitting there.
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00:07:28,639 --> 00:07:32,958
{\an8}Ryanair and Michael O'Leary
had this intuition
149
00:07:32,959 --> 00:07:35,958
{\an8}that they needed to
grab our attention,
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to grab the microphone.
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00:07:37,720 --> 00:07:41,318
And grab the microphone
is exactly what he did.
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In economy, it'll be very
cheap fares, say 10 Euro,
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and in business class,
it'll be beds and blowjobs.
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(LAUGHTER)
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00:07:49,959 --> 00:07:52,958
Like, it's a very competitive
market, you've got to get ratings.
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00:07:52,959 --> 00:07:58,439
So the way to do it is to bring a
real, live, knock-down,
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drag-out fight on air.
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A visceral attrition is
gold dust to the media.
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We've spent the last 12 years
competing with these buggers
160
00:08:07,639 --> 00:08:09,918
and we're not damned if
we're going to stand aside
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00:08:09,919 --> 00:08:12,159
while somebody shovels
them another lump of money
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00:08:12,160 --> 00:08:14,079
to stuff it to us again for
the next couple of years.
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00:08:14,080 --> 00:08:15,679
He's well capable of hamming it up.
164
00:08:15,680 --> 00:08:17,599
And he does ham it up.
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These are Ryanair staff.
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It is very ick.
It's just awful.
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You create your own publicity.
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Stupid politician.
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00:08:29,559 --> 00:08:32,197
He's very good at doing that in
fairness to him and has been.
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00:08:32,198 --> 00:08:35,317
Michael, I might have an idea.
You shut up!
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Why pay somebody else when you can
do it like Michael O'Leary does?
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Ryanair understood the idea
of the attention economy.
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00:08:43,839 --> 00:08:48,318
They knew that their ads and their
press antics were all
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00:08:48,319 --> 00:08:51,399
to serve the purpose
of grabbing our attention.
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00:08:51,400 --> 00:08:53,159
Have we done
anything wrong? No.
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It was the things that people
wanted to say but couldn't,
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but this brand were
ballsy enough to do it.
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00:09:00,120 --> 00:09:03,359
The way he talks about
people who are heavily obese.
179
00:09:03,360 --> 00:09:05,878
These monsters taking up two seats.
180
00:09:05,879 --> 00:09:08,519
For fecks sake, who says that?
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00:09:09,360 --> 00:09:10,999
He would do things in interviews
182
00:09:11,000 --> 00:09:13,558
like climb up on the boardroom
table for the photographer.
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00:09:13,559 --> 00:09:15,719
And he understood, and
we understood as well,
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00:09:15,720 --> 00:09:17,159
that it was a bit of
a performance.
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00:09:17,160 --> 00:09:20,918
He deliberately is provocative
in everything he does
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00:09:20,919 --> 00:09:22,119
because he's
selling a brand.
187
00:09:22,120 --> 00:09:27,318
I think Michael has very creatively
learned how to get a persona across
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00:09:27,319 --> 00:09:31,079
that people relate to and
that people buy into.
189
00:09:31,080 --> 00:09:34,558
But I still think the quiet,
shy, retiring Michael
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00:09:34,559 --> 00:09:37,958
is probably still there, probably in
Gigginstown with the horses,
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00:09:37,959 --> 00:09:40,480
but they're the only
ones that get to see it.
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00:09:41,680 --> 00:09:43,639
Right, that's our photos.
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00:09:48,040 --> 00:09:51,039
ARCHIVE: In the beginning, you
could only hear the news on RTE
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00:09:51,040 --> 00:09:52,079
on the wireless.
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00:09:52,080 --> 00:09:53,918
Then you could see it on the telly.
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00:09:53,919 --> 00:09:57,479
But from today, there's a third way
to watch and listen to the news,
197
00:09:57,480 --> 00:09:58,760
on the internet.
198
00:09:59,680 --> 00:10:01,759
When the world entered the wide web,
199
00:10:01,760 --> 00:10:03,799
Ryanair was one of the first airlines
200
00:10:03,800 --> 00:10:06,039
to take us through the
looking glass.
201
00:10:06,040 --> 00:10:08,439
{\an8}What you did then was
you called someone.
202
00:10:08,440 --> 00:10:12,119
{\an8}You called either an airline or got
in touch with a travel operator or
203
00:10:12,120 --> 00:10:16,318
you visited their bricks-and-mortar
offices and you arranged things.
204
00:10:16,319 --> 00:10:20,399
What is significant about Ryanair
from a digital standpoint
205
00:10:20,400 --> 00:10:23,159
is they were very early
to own the channel.
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00:10:23,160 --> 00:10:27,278
You no longer have to visit a travel
agent that has to take a cut.
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00:10:27,279 --> 00:10:29,039
That can cut a lot of costs.
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00:10:29,040 --> 00:10:33,160
♪ (COME FLY WITH ME)
209
00:10:33,519 --> 00:10:36,799
Looking at the website from 2000,
it's really simple.
210
00:10:36,800 --> 00:10:41,759
You've got just a list of the routes
and they are astoundingly low.
211
00:10:41,760 --> 00:10:44,039
There's routes for £4 and £1.
212
00:10:44,040 --> 00:10:45,679
Simple yet effective.
213
00:10:45,680 --> 00:10:48,679
The website allowed people
to buy directly from the airline.
214
00:10:48,680 --> 00:10:50,439
And within 12 months,
215
00:10:50,440 --> 00:10:54,559
they were seeing the majority of
their bookings going via online.
216
00:10:55,680 --> 00:10:59,720
OFF CAMERA: Cast your mind
back to Celtic Tiger era Ireland.
217
00:11:00,879 --> 00:11:03,719
ARCHIVE: This is the brave
new world of the Irish economy.
218
00:11:03,720 --> 00:11:06,958
One of the most buoyant
economies in Europe.
219
00:11:06,959 --> 00:11:09,719
The Celtic Tiger was
like a really brash,
220
00:11:09,720 --> 00:11:12,160
kind of out-there time in Ireland.
221
00:11:13,879 --> 00:11:17,119
{\an8}The Celtic Tiger brought so
much more inward investment,
222
00:11:17,120 --> 00:11:19,479
{\an8}brought all the big
companies in here.
223
00:11:19,480 --> 00:11:22,558
With low-cost fares,
people were flying out
224
00:11:22,559 --> 00:11:25,238
and some people were actually
getting up in the morning
225
00:11:25,239 --> 00:11:27,480
and going to a job
in another country.
226
00:11:30,400 --> 00:11:33,719
Nobody surfed that wave quite
as well as Michael O'Leary.
227
00:11:33,720 --> 00:11:37,479
He just capitalised on it and
made lots of money out of it.
228
00:11:37,480 --> 00:11:41,999
With the click of a button, Ryanair
found more ways to sell things.
229
00:11:42,000 --> 00:11:44,719
Auxiliary income is all
the extras in the upselling
230
00:11:44,720 --> 00:11:45,918
that Ryanair would do.
231
00:11:45,919 --> 00:11:48,359
The second you click book
and you buy your ticket,
232
00:11:48,360 --> 00:11:50,119
you are hit and bombarded with
233
00:11:50,120 --> 00:11:52,039
a series of messages
and prompts and pop-ups.
234
00:11:52,040 --> 00:11:54,359
That could be anything
from extras to food.
235
00:11:54,360 --> 00:11:57,479
Extra baggage you bring
on board, changing flights.
236
00:11:57,480 --> 00:11:59,040
To scratch cards.
237
00:12:00,839 --> 00:12:03,799
The scratch cards and things, but
they still do the scratch cards.
238
00:12:03,800 --> 00:12:06,759
Are you going to charge for people to
actually have their seat numbers?
239
00:12:06,760 --> 00:12:09,479
You will have the option
of paying to select your seat
240
00:12:09,480 --> 00:12:12,278
or you have the option of having
a seat allocated to you for free.
241
00:12:12,279 --> 00:12:13,400
It would be your choice.
242
00:12:13,680 --> 00:12:16,679
Priority boarding is a bloody
longer queue than the other one.
243
00:12:16,680 --> 00:12:18,439
I don't know
what's priority about it,
244
00:12:18,440 --> 00:12:21,359
but it's worth an extra 20, 30
euros a flight for Ryanair.
245
00:12:21,360 --> 00:12:24,198
These auxiliaries is what
makes Ryanair profitable.
246
00:12:24,199 --> 00:12:27,440
In all cases, without
charges, they are optional.
247
00:12:32,360 --> 00:12:37,199
Ryanair was not the only scrappy
Irish airline to strike opportunity.
248
00:12:42,040 --> 00:12:44,120
There was a little airline flying...
249
00:12:46,040 --> 00:12:49,638
{\an8}...initially from Galway Airport
to the Aran Islands.
250
00:12:49,639 --> 00:12:51,439
{\an8}I got blown away with the
251
00:12:51,440 --> 00:12:54,799
aeroplane flying
across Galway Bay
252
00:12:54,800 --> 00:12:57,958
and landing on
this small little runway
253
00:12:57,959 --> 00:13:00,999
and the sea is coming
up on the other side.
254
00:13:01,000 --> 00:13:03,558
I said, wow, this is mad.
255
00:13:03,559 --> 00:13:06,278
Years afterwards,
I remortgaged my home,
256
00:13:06,279 --> 00:13:10,159
got a little bit of a loan from
the bank and got a partner
257
00:13:10,160 --> 00:13:11,958
and we bought the airline.
258
00:13:11,959 --> 00:13:15,360
Aer Arann, a lifeline in the
west of Ireland, had ambition.
259
00:13:16,599 --> 00:13:19,040
Aer Arann.
Aer Arann.
260
00:13:20,199 --> 00:13:23,159
Income was quite low with a
small number of passengers.
261
00:13:23,160 --> 00:13:25,598
There was about half a million
tourists coming to Galway City
262
00:13:25,599 --> 00:13:28,719
every year and we'd put signs up,
flight to the Aran Islands,
263
00:13:28,720 --> 00:13:31,918
so passenger numbers
started increasing and increasing.
264
00:13:31,919 --> 00:13:35,039
In the 1990s, it began to expand.
265
00:13:35,040 --> 00:13:38,999
So I said, we'll fly over Dublin and
fly people to Manchester, London,
266
00:13:39,000 --> 00:13:41,278
Glasgow, Edinburgh, even to France.
267
00:13:41,279 --> 00:13:44,679
All of a sudden, like, the airline
went from 2.5 million turnover
268
00:13:44,680 --> 00:13:48,000
to about 120 in the space
of probably about four years.
269
00:13:49,080 --> 00:13:52,479
We're the fastest growing regional
airline in Europe,
270
00:13:52,480 --> 00:13:54,518
flying up to 20 flights a day
271
00:13:54,519 --> 00:13:56,759
between Cork and Dublin
and back down again.
272
00:13:56,760 --> 00:14:00,440
Next thing was, O'Leary announces
they're doing Cork-Dublin.
273
00:14:02,760 --> 00:14:07,479
In 2006, Ryanair undercut Aer Arann,
running routes at a loss.
274
00:14:07,480 --> 00:14:10,719
I got a message from his secretary.
275
00:14:10,720 --> 00:14:13,080
Basically said, Michael
would like to meet you.
276
00:14:15,559 --> 00:14:19,479
I went up and he had a big office.
He says, it's not going to work.
277
00:14:19,480 --> 00:14:22,760
If I were you, I'd go back to where
you came from, Connemara.
278
00:14:26,680 --> 00:14:29,839
Because I can tell you here now,
it's not going to work for you.
279
00:14:34,040 --> 00:14:36,399
But I was saying, Michael,
I'm going to keep it going.
280
00:14:36,400 --> 00:14:38,159
He said, well, why?
281
00:14:38,160 --> 00:14:40,799
There's no leeway,
it's black and white with him.
282
00:14:40,800 --> 00:14:42,958
You know, you're either in or out.
283
00:14:42,959 --> 00:14:45,558
Do this, if you don't
do this, move on.
284
00:14:45,559 --> 00:14:48,238
After years of battling
an aviation goliath,
285
00:14:48,239 --> 00:14:51,119
Pádraig would eventually
face an even fiercer foe.
286
00:14:51,120 --> 00:14:53,360
(EXPLOSION BOOMS)
287
00:14:54,879 --> 00:14:56,999
ARCHIVE: This volcano
in Iceland has erupted,
288
00:14:57,000 --> 00:15:01,080
spreading a plume of volcanic
ash across European airspace.
289
00:15:02,080 --> 00:15:05,359
{\an8}The unpronounceable
volcanic eruption in Iceland
290
00:15:05,360 --> 00:15:07,558
{\an8}grounded flights across Europe.
291
00:15:07,559 --> 00:15:10,878
ARCHIVE: Spreading volcanic ash
has forced the cancellation
292
00:15:10,879 --> 00:15:13,719
of hundreds of flights
this weekend.
293
00:15:13,720 --> 00:15:18,080
At worst, the volcanic ash could
cause chaos for some weeks yet.
294
00:15:20,239 --> 00:15:24,638
Aer Arann couldn't compete and
are treated back to Connemara.
295
00:15:24,639 --> 00:15:27,760
We didn't have the financial
resource that Ryanair had.
296
00:15:28,800 --> 00:15:29,800
Ryanair knew that.
297
00:15:31,440 --> 00:15:33,958
But you have to stand back
and admire what's been done,
298
00:15:33,959 --> 00:15:37,080
and I do, and I respect that,
and I respect Ryanair.
299
00:15:38,080 --> 00:15:42,999
I spoke to Tony Ryan and he felt
saddened by it, quite frankly.
300
00:15:43,000 --> 00:15:47,440
But at that stage, Tony was quite
old and his health wasn't great.
301
00:15:49,639 --> 00:15:52,359
Tony Ryan died in 2007,
302
00:15:52,360 --> 00:15:56,479
a major shareholder and
respected advisor until the end.
303
00:15:56,480 --> 00:15:59,679
He was one of the
outstanding business
304
00:15:59,680 --> 00:16:01,800
personalities of his generation.
305
00:16:06,800 --> 00:16:10,079
He had seen Ryanair grow
from a tiny single aircraft
306
00:16:10,080 --> 00:16:13,159
taking off in Waterford
to a Europe-wide network
307
00:16:13,160 --> 00:16:15,760
carrying over 50 million passengers.
308
00:16:17,160 --> 00:16:21,559
Tony Ryan founded two
businesses, GPA and Ryanair.
309
00:16:22,839 --> 00:16:24,198
World leaders.
310
00:16:24,199 --> 00:16:27,319
One of the best entrepreneurs
that Ireland ever produced.
311
00:16:28,040 --> 00:16:31,878
Ireland should be the
aviation centre of Europe
312
00:16:31,879 --> 00:16:34,399
and then progress
that of the world.
313
00:16:34,400 --> 00:16:37,639
His ambition shaped Irish aviation.
314
00:16:38,680 --> 00:16:41,918
Of all the aeroplanes in the world,
half of them are leased.
315
00:16:41,919 --> 00:16:46,318
And of those that are leased, about
10,000, 70% of them,
316
00:16:46,319 --> 00:16:48,159
the aviation finance
was done through Ireland.
317
00:16:48,160 --> 00:16:51,399
We now have over 50
aviation leasing companies.
318
00:16:51,400 --> 00:16:53,680
Aercap, we have SMBC.
319
00:16:54,120 --> 00:16:56,919
For a guy from Thurles,
that's pretty good going.
320
00:16:58,720 --> 00:17:02,638
The passing of Tony Ryan, a
captain of industry, a philanthropist
321
00:17:02,639 --> 00:17:06,638
and a gentleman, was the end
of a rarefied era of aviation.
322
00:17:15,119 --> 00:17:17,160
A new era brought new battles.
323
00:17:19,720 --> 00:17:22,518
You're on record as saying
emissions are a load of bollocks
324
00:17:22,519 --> 00:17:25,278
talked up by sandal-wearing Greens.
325
00:17:25,279 --> 00:17:27,159
Which is actually technically true.
326
00:17:27,160 --> 00:17:29,918
There's no evidence to suggest
that the globe is warming.
327
00:17:29,919 --> 00:17:33,000
Clearly, climate has changed.
It will always change.
328
00:17:33,800 --> 00:17:36,159
Michael O'Leary has been
on the record over the years
329
00:17:36,160 --> 00:17:39,278
about being quite sceptical about
the whole idea of climate change.
330
00:17:39,279 --> 00:17:41,479
And his argument, I think,
to paraphrase, was
331
00:17:41,480 --> 00:17:44,159
that the climate keeps
changing and we've had ice ages
332
00:17:44,160 --> 00:17:47,399
and we've had periods where the
temperature's been a bit warmer.
333
00:17:47,400 --> 00:17:51,599
Michael has, at times, resisted
the reality of the climate crisis.
334
00:17:56,000 --> 00:17:58,079
I try and avoid flying where I can.
335
00:17:58,080 --> 00:18:02,959
Try and travel via the
lowest impact method I can.
336
00:18:04,080 --> 00:18:07,198
{\an8}Aviation is probably
one of the fastest ways
337
00:18:07,199 --> 00:18:10,878
{\an8}you can burn fossil fuels and
produce greenhouse gas emissions,
338
00:18:10,879 --> 00:18:13,559
{\an8}which are the things that are
heating the planet's atmosphere.
339
00:18:15,680 --> 00:18:18,558
An aircraft is basically
a massive fuel tank.
340
00:18:18,559 --> 00:18:21,318
It's in the wings and it's in
the fuselage or the body.
341
00:18:21,319 --> 00:18:25,359
Jet fuel is perfect because
it's very energy-dense.
342
00:18:25,360 --> 00:18:27,439
Jet fuel is also very cheap.
343
00:18:27,440 --> 00:18:29,799
So there is a global
agreement, basically,
344
00:18:29,800 --> 00:18:31,799
to avoid a tax on jet fuel.
345
00:18:31,800 --> 00:18:34,359
If you buy a bottle of
water in an airport,
346
00:18:34,360 --> 00:18:37,598
it costs more per litre than
the jet fuel going into your plane.
347
00:18:37,599 --> 00:18:40,558
Cheap fuel has helped low-cost
carriers like Ryanair
348
00:18:40,559 --> 00:18:42,238
and others to flourish.
349
00:18:42,239 --> 00:18:45,159
In July, we carried our
one billionth passenger
350
00:18:45,160 --> 00:18:47,878
in our 30 years of operation.
351
00:18:47,879 --> 00:18:52,159
There's only 20,000 commercial
airliners in the world,
352
00:18:52,160 --> 00:18:55,278
but there's more than a billion
cars, so in comparison,
353
00:18:55,279 --> 00:18:56,999
it
looks relatively small.
354
00:18:57,000 --> 00:18:59,759
But actually, it's a very few
number of people doing it.
355
00:18:59,760 --> 00:19:01,918
The issue is endless growth.
356
00:19:01,919 --> 00:19:03,799
As more people take to the skies,
357
00:19:03,800 --> 00:19:07,079
a crisis deepens that will collide
with Ryanair's bottom line
358
00:19:07,080 --> 00:19:08,680
sooner or later.
359
00:19:11,199 --> 00:19:15,278
But first, Ryanair had
more immediate fires to fight.
360
00:19:15,279 --> 00:19:18,918
ARCHIVE: It was take-off today
in the battle for the skies.
361
00:19:18,919 --> 00:19:21,598
By the noughties,
EasyJet was on the rise
362
00:19:21,599 --> 00:19:25,318
and threatened to hit Ryanair
where it hurt, its profits.
363
00:19:25,319 --> 00:19:28,598
Because this is an inaugural flight,
I'd like to buy everybody a drink.
364
00:19:28,599 --> 00:19:32,000
EasyJet, you know, talk the talk,
but they don't walk the walk.
365
00:19:37,999 --> 00:19:40,919
{\an8}Over the years, they
fought with everybody they
366
00:19:40,920 --> 00:19:43,119
{\an8}could fight with pilots,
baggage handlers,
367
00:19:43,120 --> 00:19:44,920
{\an8}cabin crew, you name it.
368
00:19:47,200 --> 00:19:49,239
I have a feeling Donald Trump
369
00:19:49,240 --> 00:19:50,800
studied the
Michael O'Leary story.
370
00:19:50,959 --> 00:19:53,159
I mean, Trump got
elected by being
371
00:19:53,160 --> 00:19:57,039
an arrogant little brat, saying
things other people wouldn't say.
372
00:19:57,439 --> 00:20:00,959
Michael, you know, if he can't go
through you, he'll go around you.
373
00:20:01,280 --> 00:20:04,399
EasyJet began to edge
into Ryanair's turf.
374
00:20:05,520 --> 00:20:08,438
I believe there is a lot of scope
for carriers like us to expand
375
00:20:08,439 --> 00:20:10,159
into the European continent.
376
00:20:10,160 --> 00:20:12,839
I think they only opened the base
because there was rumours
377
00:20:12,840 --> 00:20:14,638
that Ryanair were going to show
up and skip all of these.
378
00:20:14,639 --> 00:20:16,398
I thought, shit, we better
open a base quick
379
00:20:16,399 --> 00:20:17,599
before Ryanair get here.
380
00:20:17,600 --> 00:20:18,999
Competition was starting get hot.
381
00:20:19,439 --> 00:20:21,919
I think people were replicating
the Ryanair product,
382
00:20:21,920 --> 00:20:26,319
so they needed to find a way to
compete with other airlines.
383
00:20:27,280 --> 00:20:30,240
Ryanair shouldered its way
into battles with their rival.
384
00:20:32,319 --> 00:20:35,159
But Michael's shtick started
to bite him
385
00:20:35,160 --> 00:20:38,480
on his (DING DONG TONE)
tail end.
386
00:20:38,800 --> 00:20:41,678
Fed up with meanness,
people chose the easy route.
387
00:20:41,679 --> 00:20:44,239
{\an8}You make real money in
the airline business
388
00:20:44,240 --> 00:20:45,559
{\an8}from your last passenger.
389
00:20:45,560 --> 00:20:47,599
The first 100 passengers,
whatever,
390
00:20:47,600 --> 00:20:48,800
are going to pay the costs.
391
00:20:48,959 --> 00:20:52,718
It's the incremental ones that
actually give you the profit.
392
00:20:52,719 --> 00:20:55,239
If you're upsetting
your passengers
393
00:20:55,240 --> 00:20:57,279
so much that you're not
getting the last passenger,
394
00:20:57,280 --> 00:20:58,758
the second, and
the third last passenger,
395
00:20:58,759 --> 00:21:00,719
you're actually
reducing your profits.
396
00:21:00,880 --> 00:21:02,799
Lots of the complaints that
they've had over the years
397
00:21:02,800 --> 00:21:05,398
have been justified. I mean,
there's a lot of bad manners
398
00:21:05,399 --> 00:21:07,039
in the treatment
of passengers.
399
00:21:07,280 --> 00:21:10,199
We just came to the airport this
morning and they said the flight
400
00:21:10,200 --> 00:21:12,479
was cancelled,
so yeah, very annoyed.
401
00:21:12,480 --> 00:21:14,758
I think the great thing about
Ryanair is we deliver the best
402
00:21:14,759 --> 00:21:16,599
customer service in
the world airline business,
403
00:21:16,600 --> 00:21:18,199
which is why we're the largest
airline in the world.
404
00:21:18,200 --> 00:21:19,638
Is the customer always right?
405
00:21:19,639 --> 00:21:21,638
No, the customer is
nearly always wrong.
406
00:21:21,639 --> 00:21:22,999
(LAUGHS)
407
00:21:23,160 --> 00:21:26,479
{\an8}It does feel still when you fly
Ryanair that sometimes you as
408
00:21:26,480 --> 00:21:27,758
the passenger are the enemy.
409
00:21:27,759 --> 00:21:32,759
{\an8}Ryanair's relationship with the
consumer was very transactional.
410
00:21:32,920 --> 00:21:35,358
I'm just providing you
a cheap way
411
00:21:35,359 --> 00:21:37,959
to get from point A to point B.
412
00:21:38,359 --> 00:21:40,359
Often through a maze.
413
00:21:43,319 --> 00:21:46,199
{\an8}For anyone who has
navigated the Ryanair website,
414
00:21:46,200 --> 00:21:48,119
{\an8}you probably have come
across some things
415
00:21:48,120 --> 00:21:51,079
{\an8}that would be qualified
as deceptive or dark patterns.
416
00:21:51,399 --> 00:21:54,678
Practises that are
misleading to users.
417
00:21:54,679 --> 00:21:56,280
It was a bit of
an obstacle course.
418
00:21:56,600 --> 00:21:59,479
You could have to answer
70 different questions.
419
00:21:59,480 --> 00:22:02,318
If you wanted to decline
adding insurance
420
00:22:02,319 --> 00:22:03,880
as a cost to your flight,
421
00:22:04,039 --> 00:22:07,638
to find that option, you had
to go to the dropdown menu
422
00:22:07,639 --> 00:22:09,559
of the list of countries
423
00:22:09,560 --> 00:22:13,479
and find 'do not insure me.'
These things aren't by accident,
424
00:22:13,480 --> 00:22:14,920
they're by design.
425
00:22:15,160 --> 00:22:18,119
You could end up with travel
insurance that you didn't want.
426
00:22:18,120 --> 00:22:19,599
Ryanair coming in the cheapest,
427
00:22:19,600 --> 00:22:20,799
you've got to weigh it up,
haven't you?
428
00:22:20,800 --> 00:22:23,958
You know, take the risk or pay
that bit more money, I suppose.
429
00:22:23,959 --> 00:22:27,880
{\an8}So the flip side of low fares
seemed to be rubbish service.
430
00:22:33,319 --> 00:22:36,958
The Trump Jet, bringing
the US billionaire
431
00:22:36,959 --> 00:22:39,520
on his first trip to
Dunbeg Golf Resort.
432
00:22:39,840 --> 00:22:43,439
There is still a road to be
travelled, the road of a lasting
433
00:22:43,679 --> 00:22:45,679
and creative reconciliation.
434
00:22:46,480 --> 00:22:50,318
By 2014, Ryanair faced a hard,
bitter truth to swallow.
435
00:22:50,319 --> 00:22:53,120
It might need to start being nice.
436
00:22:53,920 --> 00:22:56,839
I think there was a realisation
within Ryanair that you couldn't
437
00:22:56,840 --> 00:22:59,879
keep pushing customers and keep
introducing new rules and keep
438
00:22:59,880 --> 00:23:01,718
making the experience slightly
less pleasant every time
439
00:23:01,719 --> 00:23:05,398
people flew, or eventually people
would stop flying with Ryanair.
440
00:23:05,399 --> 00:23:08,998
I think the decision they made
at the time was people don't like
441
00:23:08,999 --> 00:23:11,959
the brand as much, so
therefore we have to be nicer.
442
00:23:12,600 --> 00:23:14,759
{\an8}So here are the Johnsons.
443
00:23:14,920 --> 00:23:18,200
Ryanair launched the
Always Getting Better campaign
444
00:23:18,759 --> 00:23:22,120
as a response largely
to the backlash against
445
00:23:22,280 --> 00:23:23,959
some of their PR stunts.
446
00:23:24,920 --> 00:23:27,719
♪ Destination anywhere.
447
00:23:27,959 --> 00:23:29,679
It did not overpromise.
448
00:23:31,120 --> 00:23:33,758
It didn't say,
"We will ever be the best."
449
00:23:33,759 --> 00:23:35,600
We were a little bit nicer.
450
00:23:35,759 --> 00:23:39,200
At the time,
I seem to recall Michael O'Leary
451
00:23:39,679 --> 00:23:41,839
being quoted as saying,
"Well, if I had known
452
00:23:41,840 --> 00:23:45,159
being nice was good for revenues,
453
00:23:45,160 --> 00:23:46,958
I would have done it sooner."
454
00:23:46,959 --> 00:23:49,200
So as you can see,
always getting better.
455
00:23:51,520 --> 00:23:55,479
In a funny way, that really
tells us so much more about
456
00:23:55,480 --> 00:23:58,078
Michael O'Leary and his brand
457
00:23:58,079 --> 00:23:59,840
than maybe the
outrageous behaviour.
458
00:24:00,240 --> 00:24:02,319
It speaks to his pragmatism.
459
00:24:02,560 --> 00:24:04,998
I would personally come up
to the boarding gate and kiss
460
00:24:04,999 --> 00:24:07,120
your bum as well as you depart.
461
00:24:09,439 --> 00:24:11,239
Instead of being aggressive
towards passengers,
462
00:24:11,240 --> 00:24:14,078
they're now sort of generally
kind towards passengers.
463
00:24:14,079 --> 00:24:17,199
That may be Michael maturing
as he gets, gets older.
464
00:24:17,200 --> 00:24:20,399
I take personal responsibility
and I sincerely apologise.
465
00:24:20,560 --> 00:24:22,319
Remember the trumpet noise?
466
00:24:22,480 --> 00:24:24,480
(TRUMPET SOUND AFFECT)
467
00:24:24,800 --> 00:24:26,319
Oh yeah, when you landed on time?
468
00:24:26,880 --> 00:24:28,718
They stopped that now.
It worked.
469
00:24:28,719 --> 00:24:31,519
Bookings have gone up since
Ryanair became a bit nicer.
470
00:24:31,520 --> 00:24:32,718
It pays to be nice.
471
00:24:32,719 --> 00:24:36,639
{\an8}By 2017, Ryanair flew more people
across Europe than anyone else.
472
00:24:43,280 --> 00:24:46,719
Well, I became non-executive
chairman of Aer Lingus in 2007.
473
00:24:48,200 --> 00:24:50,120
Aer Lingus at the time
was in bad shape.
474
00:24:50,359 --> 00:24:52,840
They were losing hundreds
of millions of euro.
475
00:24:53,719 --> 00:24:57,318
They were also very influenced
by Ryanair and therefore wanted
476
00:24:57,319 --> 00:25:00,679
to try and mimic Ryanair,
but having trade unions and
477
00:25:01,160 --> 00:25:04,039
long-term work practises,
that just wasn't possible.
478
00:25:04,359 --> 00:25:07,318
REPORTER: Michael O'Leary's
plan is to buy shares held
479
00:25:07,319 --> 00:25:10,520
by workers for 60,000
on average each.
480
00:25:10,679 --> 00:25:13,800
Aer Lingus had already fought
one takeover bid from Ryanair.
481
00:25:14,120 --> 00:25:17,719
But smelling blood in the water,
Michael tried again.
482
00:25:18,439 --> 00:25:21,199
He was always going to have
issues on competition
483
00:25:21,200 --> 00:25:24,159
with both Irish airlines
from an island
484
00:25:24,160 --> 00:25:26,039
being owned by one party.
485
00:25:26,280 --> 00:25:28,799
Aer Lingus is too small and
too weak to survive
486
00:25:28,800 --> 00:25:29,958
as an independent.
487
00:25:29,959 --> 00:25:33,159
The whole idea, you argue
a case about opening up
488
00:25:33,160 --> 00:25:37,079
and deregulate, and then you want
to take over and take a monopoly.
489
00:25:37,319 --> 00:25:38,439
He was wrong on that.
490
00:25:39,079 --> 00:25:41,880
REPORTER: It's all about the
consumer, said Neelie Kroes.
491
00:25:42,200 --> 00:25:44,879
She had to ban Ryanair's
takeover of Aer Lingus
492
00:25:44,880 --> 00:25:46,239
because the combined
493
00:25:46,240 --> 00:25:49,958
airlines would have accounted
for 80% of passengers carried
494
00:25:49,959 --> 00:25:52,039
into and out of Dublin Airport.
495
00:25:53,480 --> 00:25:57,358
But he actually never bid enough
where the board had to say, well,
496
00:25:57,359 --> 00:26:00,120
gosh, this actually is a good
thing for our shareholders.
497
00:26:00,359 --> 00:26:02,438
REPORTER: So
what happens to the 25%
498
00:26:02,439 --> 00:26:04,439
of Aer Lingus that Ryanair owns?
499
00:26:04,600 --> 00:26:07,599
The Commission says Ryanair
can keep it because it's
500
00:26:07,600 --> 00:26:08,920
not a controlling stake.
501
00:26:09,160 --> 00:26:12,840
We in Ryanair realise that
it's part of our national duty
502
00:26:13,399 --> 00:26:18,718
to try to preserve this relic
of this prehistoric dinosaur
503
00:26:18,719 --> 00:26:20,999
for the sake of the Irish nation.
504
00:26:22,840 --> 00:26:24,600
And we could make
a few quid doing it.
505
00:26:24,759 --> 00:26:27,479
So I think he was possibly just
playing with us,
506
00:26:27,480 --> 00:26:29,919
that he could afford
to splurge a little bit
507
00:26:29,920 --> 00:26:31,358
of the shareholders' funds
508
00:26:31,359 --> 00:26:34,759
to have this bit of a game of cat
and mouse with Aer Lingus.
509
00:26:35,160 --> 00:26:36,200
Do you fly Ryanair?
510
00:26:36,880 --> 00:26:38,319
I have.
511
00:26:39,800 --> 00:26:42,199
I would not a lot,
being a nationalist.
512
00:26:42,200 --> 00:26:44,759
I would still like
my national airline.
513
00:26:45,399 --> 00:26:47,678
But I have flown Ryanair, yeah.
514
00:26:47,679 --> 00:26:49,638
I like to see both
of them succeed.
515
00:26:49,639 --> 00:26:52,759
Ah, Bertie, but sometimes
everyone just can't get along.
516
00:26:53,160 --> 00:26:56,520
Ryanair's own staff have battled
with their CEO for years.
517
00:26:57,480 --> 00:27:00,520
♪ Times are getting hard, boy.
518
00:27:01,719 --> 00:27:03,639
♪ Money's getting scarce.
519
00:27:03,880 --> 00:27:07,559
Dublin Airport has for many years
been a kind of trade
520
00:27:07,560 --> 00:27:08,759
union la-la land.
521
00:27:09,319 --> 00:27:12,319
Ryanair has always been
staunchly anti-union.
522
00:27:12,920 --> 00:27:16,678
If you had to negotiate
every change with a union or
523
00:27:16,679 --> 00:27:19,358
with workers' representatives,
that would slow things down.
524
00:27:19,359 --> 00:27:23,199
The raison d'être of trade unions
is to increase pay,
525
00:27:23,200 --> 00:27:24,638
terms and conditions, etc.
526
00:27:24,639 --> 00:27:27,758
Ryanair said, we want to move
fast, we want to reduce costs,
527
00:27:27,759 --> 00:27:29,240
we want to reduce labour costs.
528
00:27:29,719 --> 00:27:33,279
Pilots were once aviation
superstars, enjoying a protected
529
00:27:33,280 --> 00:27:35,319
status with prestige and clout.
530
00:27:35,639 --> 00:27:38,519
Michael O'Leary is on record
at various points of, you know,
531
00:27:38,520 --> 00:27:40,199
being quite disparaging
about pilots.
532
00:27:40,200 --> 00:27:42,039
Pilots are glorified
taxi drivers.
533
00:27:42,520 --> 00:27:46,038
It's a very complicated taxi,
and they are very skilled to be
534
00:27:46,039 --> 00:27:47,718
able to do it,
but at the end of the day.
535
00:27:47,719 --> 00:27:51,239
When Michael was
disparaging about the pilot job
536
00:27:51,240 --> 00:27:53,399
and saying, you know,
that it was a bus driver,
537
00:27:53,639 --> 00:27:56,839
the implications of getting it
wrong are a bit more serious.
538
00:27:56,840 --> 00:27:59,679
As Ryanair want to do,
if you want to bring down prices,
539
00:27:59,920 --> 00:28:01,718
then you got to cut costs.
540
00:28:01,719 --> 00:28:05,679
And in aviation, of course,
a major cost is labour.
541
00:28:05,840 --> 00:28:09,358
So bringing down pay and terms
and conditions of pilots
542
00:28:09,359 --> 00:28:10,480
and other airline staff.
543
00:28:11,600 --> 00:28:14,799
We weren't recognised formally
as a union because
544
00:28:14,800 --> 00:28:17,719
the company was non-union.
CHANT: Ryanair must change!
545
00:28:18,319 --> 00:28:19,840
Ryanair must change!
546
00:28:20,959 --> 00:28:23,839
Staff and contractors were
subject to the whims of a
547
00:28:23,840 --> 00:28:25,079
penny-pinching Michael.
548
00:28:25,560 --> 00:28:27,919
The pilots just wanted
a fair deal,
549
00:28:27,920 --> 00:28:30,479
a living salary that
was somewhere
550
00:28:30,480 --> 00:28:33,358
in the ballpark of what
your peers were being paid
551
00:28:33,359 --> 00:28:35,638
in other places.
Ryanair argued
552
00:28:35,639 --> 00:28:37,758
it engaged in collective
bargaining, so didn't
553
00:28:37,759 --> 00:28:40,439
need to talk to trade unions.
And the courts agreed.
554
00:28:40,600 --> 00:28:43,958
So that was seen as
a big victory for Ryanair
555
00:28:43,959 --> 00:28:47,318
because basically
they didn't have to deal with
556
00:28:47,319 --> 00:28:49,958
the trade unions. And the
Supreme Court had basically said,
557
00:28:49,959 --> 00:28:52,799
well, look, Ryanair is arguing
we have a system of negotiation,
558
00:28:52,800 --> 00:28:55,999
and the Supreme Court
said maybe they do.
559
00:28:57,039 --> 00:28:59,199
Michael O'Leary,
a tough negotiator,
560
00:28:59,200 --> 00:29:01,200
as tough as they come.
561
00:29:01,759 --> 00:29:05,759
Then in 2017, something
extraordinary happened.
562
00:29:06,959 --> 00:29:10,639
I got a call from RTE,
can you do this 6:1 news?
563
00:29:11,359 --> 00:29:14,319
Ryanair has just announced it's
going to recognise trade unions.
564
00:29:15,120 --> 00:29:17,840
(UPBEAT MUSIC PLAYS)
565
00:29:18,999 --> 00:29:20,120
Went into the studio.
566
00:29:20,280 --> 00:29:23,239
What was your reaction when you
heard this surprise announcement?
567
00:29:23,240 --> 00:29:26,599
When I realised it wasn't in fact
April 1st, I think like everybody
568
00:29:26,600 --> 00:29:27,919
else, I was absolutely stunned.
569
00:29:27,920 --> 00:29:29,160
Going to recognise unions?
570
00:29:30,039 --> 00:29:32,998
A surprise.
Shows the company is progressive.
571
00:29:32,999 --> 00:29:34,840
They've put them up
against the wall.
572
00:29:35,240 --> 00:29:38,520
However, the miracle was not
from Michael's heart but his head.
573
00:29:38,759 --> 00:29:42,599
A chronic pilot shortage had
forced Ryanair to cancel flights.
574
00:29:42,600 --> 00:29:45,159
REPORTER: Ryanair says it
has already contacted
575
00:29:45,160 --> 00:29:48,999
all the customers affected either
by text or by email.
576
00:29:49,399 --> 00:29:51,240
So they're facing
mass cancellations.
577
00:29:51,399 --> 00:29:53,599
I think at one point
Michael O'Leary said he'd cut his
578
00:29:53,600 --> 00:29:55,719
arms off before he'd
negotiate with trade unions.
579
00:29:56,280 --> 00:29:59,560
Overnight. An armless
Michael changed his mind.
580
00:29:59,719 --> 00:30:02,599
We have very good pay,
very good conditions,
581
00:30:02,600 --> 00:30:04,678
but we are in a
learning process.
582
00:30:04,679 --> 00:30:06,439
We're learning how
to deal with the unions.
583
00:30:06,600 --> 00:30:09,358
The way Ryanair operated
before unions
584
00:30:09,359 --> 00:30:11,438
and the way Ryanair operates now,
585
00:30:11,439 --> 00:30:12,719
it doesn't seem
to be that different.
586
00:30:12,959 --> 00:30:15,159
You wonder what all the
kerfuffle was about,
587
00:30:15,160 --> 00:30:16,719
why they didn't do it earlier.
588
00:30:19,200 --> 00:30:23,199
Ryanair always was the scrappy
upstart fighting against
589
00:30:23,200 --> 00:30:25,119
domestically Aer Lingus,
for example,
590
00:30:25,120 --> 00:30:28,279
fighting against the traditional
flag carriers, trying
591
00:30:28,280 --> 00:30:29,359
to establish itself.
592
00:30:29,600 --> 00:30:33,439
But now it is the dominant player
in the commercial aviation
593
00:30:33,560 --> 00:30:34,560
industry in Europe.
594
00:30:35,280 --> 00:30:38,958
Ryanair found another tool in
its tool belt to fight its
595
00:30:38,959 --> 00:30:40,079
cost-cutting corner.
596
00:30:40,959 --> 00:30:44,479
Big businesses tend to use
the courts and the law
597
00:30:44,480 --> 00:30:45,599
as a weapon.
598
00:30:45,600 --> 00:30:47,159
For those of you interested,
it's been a very good
599
00:30:47,160 --> 00:30:49,318
morning today for Ryanair.
600
00:30:49,319 --> 00:30:51,958
Yeah, it's fair to say Ryanair
is fairly litigious,
601
00:30:51,959 --> 00:30:53,439
he says,
shifting in his seat.
602
00:30:54,639 --> 00:30:57,319
The company has litigated
against over-regulation,
603
00:30:58,399 --> 00:31:01,718
against certain aspects of EU
regulation which it has seen as
604
00:31:01,719 --> 00:31:03,799
kind of slowing down growth,
slowing down progress.
605
00:31:03,800 --> 00:31:05,919
We can now show
Lufthansa's high fares
606
00:31:05,920 --> 00:31:09,398
Ryanair's low fares in an ad
and give German people a choice.
607
00:31:09,399 --> 00:31:13,638
But of course, it's fundamentally
what enabled Ryanair's success is
608
00:31:13,639 --> 00:31:16,120
the opening up of the
European aviation market,
609
00:31:16,520 --> 00:31:20,840
you know, which is a function of
the EU, the open skies and so on.
610
00:31:21,639 --> 00:31:25,159
Ryanair will try save
costs any way it can.
611
00:31:25,160 --> 00:31:27,479
That means they've taken
to court from time to time.
612
00:31:27,480 --> 00:31:30,438
They'll do it, and if they lose,
they'll pay, and if they win,
613
00:31:30,439 --> 00:31:31,639
they'll be happy as Larry.
614
00:31:32,039 --> 00:31:34,280
They'll push everything
as far as they can.
615
00:31:34,920 --> 00:31:37,279
Every now and then,
the courts have managed to put
616
00:31:37,280 --> 00:31:38,998
some schmacht on Ryanair.
617
00:31:38,999 --> 00:31:41,998
MAN: They had an advert that was
Europe's greenest airline.
618
00:31:41,999 --> 00:31:45,998
Yes, it's true on an individual
flight basis, but then when you
619
00:31:45,999 --> 00:31:48,358
take into account their total
emissions, they're actually
620
00:31:48,359 --> 00:31:49,718
the biggest polluter.
621
00:31:49,719 --> 00:31:52,559
That was challenged in court,
I believe, and they
622
00:31:52,560 --> 00:31:53,958
had to remove that.
623
00:31:53,959 --> 00:31:57,719
And that hidden "Do not insure me"
option, that went to court too.
624
00:31:58,120 --> 00:32:02,120
And Ryanair ended up being fined
850,000 euro for that practise.
625
00:32:02,600 --> 00:32:06,719
So they certainly push
to the limits what they can do.
626
00:32:09,160 --> 00:32:12,958
As the natural world is pushed
to its limits, aviation has begun
627
00:32:12,959 --> 00:32:14,999
to reckon with its
role in the disaster.
628
00:32:15,959 --> 00:32:18,638
REPORTER: Dramatic climate
changes are taking place
629
00:32:18,639 --> 00:32:20,398
worldwide,
and a little later
630
00:32:20,399 --> 00:32:23,319
than the rest, Ireland is
beginning to feel the effects.
631
00:32:24,200 --> 00:32:26,279
It's not bullshit
pie-in-the-sky stuff.
632
00:32:26,280 --> 00:32:30,799
These aircraft burn 18% less
fuel, carry 4% more passengers.
633
00:32:30,800 --> 00:32:35,519
You get a 20% reduction in fuel
consumption, CO2 emissions, and a
634
00:32:35,520 --> 00:32:37,079
40% reduction in noise emissions.
635
00:32:37,719 --> 00:32:40,758
Engines have gotten more
efficient, so that is helping,
636
00:32:40,759 --> 00:32:42,359
but it's not solving the problem.
637
00:32:42,520 --> 00:32:45,319
We're still going to be
causing a lot of emissions.
638
00:32:46,439 --> 00:32:49,319
Sustainable aviation fuels,
like biofuels,
639
00:32:49,639 --> 00:32:50,920
are not a simple solution.
640
00:32:51,719 --> 00:32:54,678
Michael O'Leary has said himself
that there is not enough used
641
00:32:54,679 --> 00:32:58,359
cooking oil in the world to power
one day of green aviation.
642
00:32:59,160 --> 00:33:01,480
But we just don't
eat that many chips.
643
00:33:02,759 --> 00:33:05,718
Hydrogen is very expensive
and requires a complete
644
00:33:05,719 --> 00:33:06,920
redesign of aircraft.
645
00:33:07,079 --> 00:33:10,200
It takes 10, 15 years to design
and develop an aircraft.
646
00:33:10,600 --> 00:33:13,319
It takes another 15 years
to produce that aircraft.
647
00:33:13,560 --> 00:33:16,160
Decisions we make today
influence 2050 already.
648
00:33:16,959 --> 00:33:19,999
Transporting over 200 million
people a year,
649
00:33:20,160 --> 00:33:24,480
Ryanair's total carbon emissions
tells the real cost of low cost.
650
00:33:25,200 --> 00:33:27,159
If you look at the top
10 emitters in Europe,
651
00:33:27,160 --> 00:33:31,600
they're all coal power stations,
and Ryanair is in there as well.
652
00:33:32,079 --> 00:33:33,638
And so it's kind of,
it's been described as
653
00:33:33,639 --> 00:33:34,800
the kind of the new coal.
654
00:33:34,959 --> 00:33:37,799
Unless we phase out coal,
the airline industry will be
655
00:33:37,800 --> 00:33:38,959
one of the biggest emitters.
656
00:33:39,280 --> 00:33:43,039
But 2020 was not the time
to tackle this particular crisis.
657
00:33:43,480 --> 00:33:45,799
We've taken extraordinary
measures here tonight because
658
00:33:45,800 --> 00:33:48,358
these are frankly
extraordinary times.
659
00:33:48,359 --> 00:33:50,679
I'm alone here right now,
no audience.
660
00:33:51,079 --> 00:33:53,160
Strange, eerie feeling,
I won't lie to you.
661
00:33:54,200 --> 00:33:56,999
Something else was happening
that kept us all busy.
662
00:33:57,160 --> 00:33:59,560
What was it?
Oh yeah.
663
00:34:00,200 --> 00:34:02,999
It was going to be a very,
very good year in 2020.
664
00:34:03,160 --> 00:34:07,160
They were riding high, they
were very close to Lufthansa,
665
00:34:07,319 --> 00:34:09,800
about 150 million
passengers a year.
666
00:34:10,480 --> 00:34:12,678
REPORTER: Ryanair said its
passenger numbers for April, May,
667
00:34:12,679 --> 00:34:16,560
and June will be 99.5%
behind forecast.
668
00:34:17,520 --> 00:34:19,919
There were clear skies over
Dublin Airport today,
669
00:34:19,920 --> 00:34:22,639
which should have been buzzing
ahead of the holiday weekend,
670
00:34:22,759 --> 00:34:25,998
but instead aircraft were
grounded, the terminal empty.
671
00:34:26,560 --> 00:34:30,158
Once again, global aviation was
brought to a grinding halt
672
00:34:30,159 --> 00:34:32,560
by an unprecedented catastrophe.
673
00:34:33,438 --> 00:34:36,560
MICHAEL: My view is it'll be soft
for the next couple of weeks,
674
00:34:36,840 --> 00:34:38,198
And if it settles down
over Easter,
675
00:34:38,199 --> 00:34:41,159
then people will begin to rapidly
focus on summer travel.
676
00:34:48,120 --> 00:34:51,078
COVID, nobody'd ever
seen anything like it.
677
00:34:51,079 --> 00:34:53,079
People were talking
about airline failures.
678
00:34:53,319 --> 00:34:56,198
It lasted longer than
anyone in aviation thought.
679
00:34:56,199 --> 00:34:59,038
We announced this morning we're
going to cut 50% of our staff.
680
00:34:59,039 --> 00:35:01,519
That's, we think,
the minimum we need just
681
00:35:01,520 --> 00:35:02,759
to survive the next 12 months.
682
00:35:03,200 --> 00:35:06,480
He was very, very
determined that this was not
683
00:35:06,719 --> 00:35:09,479
going to leave Ryanair
damaged in any way,
684
00:35:09,480 --> 00:35:11,039
the way it left so many
685
00:35:11,359 --> 00:35:13,600
other airlines across
Europe damaged.
686
00:35:14,079 --> 00:35:16,800
Damaged and taking handouts.
687
00:35:17,359 --> 00:35:20,678
This is Branson's second go
at trying to fleece the British
688
00:35:20,679 --> 00:35:21,999
taxpayer for state aid.
689
00:35:22,319 --> 00:35:24,358
Frankly, if he's worried
about Virgin,
690
00:35:24,359 --> 00:35:25,759
he should write
the cheque himself.
691
00:35:26,480 --> 00:35:30,398
I think the thing that has always
marked Ryanair out from its peers
692
00:35:30,399 --> 00:35:34,280
and its competitors is Michael's
leadership, clarity of thinking,
693
00:35:34,679 --> 00:35:38,920
determination, and frankly,
being able to make the right call
694
00:35:39,319 --> 00:35:42,280
on the significant
majority of occasions.
695
00:35:42,520 --> 00:35:45,480
Also doing the
counterintuitive thing.
696
00:35:46,120 --> 00:35:48,758
While other airlines were
struggling, Ryanair
697
00:35:48,759 --> 00:35:52,038
invested in 75 new 737s.
698
00:35:52,039 --> 00:35:53,879
What Ryanair did that
was different
699
00:35:53,880 --> 00:35:55,318
was they kept the aircraft
700
00:35:55,319 --> 00:35:57,999
certified, and they kept
the pilots licenced.
701
00:35:58,280 --> 00:36:02,958
He knew that his opposition,
other airlines, would be slower
702
00:36:02,959 --> 00:36:04,438
to get out of the blocks.
703
00:36:04,439 --> 00:36:05,999
It was hugely expensive.
704
00:36:06,240 --> 00:36:08,079
Over a billion euro was lost.
705
00:36:08,560 --> 00:36:11,958
It got back into gear because
basically it never
706
00:36:11,959 --> 00:36:14,480
went out of gear.
They flew all their planes.
707
00:36:14,639 --> 00:36:17,599
Because of clearer airspace,
they were able to fly them even
708
00:36:17,600 --> 00:36:19,439
more punctually than
they had before.
709
00:36:19,920 --> 00:36:21,719
And literally,
that changed the game.
710
00:36:22,399 --> 00:36:25,279
Once again, when aviation
was knee-deep in sludge,
711
00:36:25,280 --> 00:36:29,200
Ryanair's pragmatism fixed its
horizon on calm skies ahead.
712
00:36:29,520 --> 00:36:31,279
The result was phenomenal.
713
00:36:31,280 --> 00:36:34,559
Passenger numbers went up to
180 million and eventually 200
714
00:36:34,560 --> 00:36:36,480
million in the post-COVID period.
715
00:36:36,719 --> 00:36:39,958
Ryanair are flying at something
like 130% of the
716
00:36:39,959 --> 00:36:41,200
pre-pandemic figure.
717
00:36:43,999 --> 00:36:46,119
In July 2021,
718
00:36:46,120 --> 00:36:48,800
I took on the role as head of
social media at Ryanair.
719
00:36:49,120 --> 00:36:51,599
And I walk into the room,
and the first thing he said to me
720
00:36:51,600 --> 00:36:54,359
was, "Who the fuck are you?"
721
00:36:55,600 --> 00:36:58,160
And I went, "Well, I'm the person
that runs social media."
722
00:37:02,079 --> 00:37:04,840
And he goes, "You're too old to
be working in social media."
723
00:37:06,759 --> 00:37:12,559
Ryanair arguably were
geniuses at newsjacking.
724
00:37:12,560 --> 00:37:15,959
The brand attached itself
to the story of the day.
725
00:37:17,719 --> 00:37:19,240
Good evening.
726
00:37:19,399 --> 00:37:22,479
The Conservative Party in the UK,
who are being a bit reckless
727
00:37:22,480 --> 00:37:23,998
with their own rules
around COVID,
728
00:37:23,999 --> 00:37:26,439
and they were having plenty
of parties in Downing Street.
729
00:37:26,679 --> 00:37:31,078
Now is the time for us all
to summon the, the discipline
730
00:37:31,079 --> 00:37:32,359
that will carry us through.
731
00:37:33,079 --> 00:37:37,159
They issued this scale,
this 1, 2, 3, 4, 5 of the COVID
732
00:37:37,160 --> 00:37:38,920
guidelines for being in the UK.
733
00:37:39,319 --> 00:37:42,519
Our team came back with a really
great remodel to scale side
734
00:37:42,520 --> 00:37:45,279
by side, which was very bold
and very brash and really bad
735
00:37:45,280 --> 00:37:47,039
language and
was really high risk.
736
00:37:48,240 --> 00:37:50,438
A couple of days later,
the Financial Times wrote
737
00:37:50,439 --> 00:37:53,600
an article,
"Brands need to be more Ryanair."
738
00:37:54,319 --> 00:37:56,879
Michael O'Leary put
handwritten notes on them
739
00:37:56,880 --> 00:37:59,199
and put on our desks,
"Keep up the good work,
740
00:37:59,200 --> 00:38:00,799
signed by Michael."
741
00:38:00,800 --> 00:38:03,520
That was like the papal smoke
coming up within the office.
742
00:38:04,240 --> 00:38:08,079
Ryanair is a brand
made for social media.
743
00:38:08,359 --> 00:38:12,039
Ryanair is competing against
not just every airline,
744
00:38:12,359 --> 00:38:15,199
but every brand, influencers,
745
00:38:15,200 --> 00:38:17,399
even our mum's
pictures on Facebook.
746
00:38:17,719 --> 00:38:19,958
It was the millennials,
it was the privileged generation
747
00:38:19,959 --> 00:38:24,679
just really hated Ryanair because
their expectations were so high
748
00:38:24,840 --> 00:38:28,439
that they were expecting hot
towels, USB chargers, free Wi-Fi,
749
00:38:28,800 --> 00:38:30,479
all for the price of 10 flights.
750
00:38:30,480 --> 00:38:31,719
It just didn't make sense.
751
00:38:32,679 --> 00:38:36,880
The job for Ryanair to do
was to change perceptions.
752
00:38:37,120 --> 00:38:40,240
Knowing that we had this DNA
from Michael, from being,
753
00:38:40,719 --> 00:38:43,240
like, really irreverent on things
in the world and self-deprecating
754
00:38:43,359 --> 00:38:45,358
about the product, being
real about what the product
755
00:38:45,359 --> 00:38:47,919
{\an8}was, we got this notoriety
of being this,
756
00:38:47,920 --> 00:38:50,239
{\an8}for want of a better word,
a bastard brand on the internet.
757
00:38:50,240 --> 00:38:52,638
We were grabbing their
attention and entertaining them.
758
00:38:52,639 --> 00:38:54,279
There are very few brands,
I think,
759
00:38:54,280 --> 00:38:56,078
where the chief executive is so
760
00:38:56,079 --> 00:38:58,638
deeply intertwined with
the company's identity.
761
00:38:58,639 --> 00:39:00,600
Failure was applauded
within the business.
762
00:39:00,719 --> 00:39:02,358
Because it means
that you're taking
763
00:39:02,359 --> 00:39:03,679
risks and you're being brave.
764
00:39:05,600 --> 00:39:07,919
Despite his success at Ryanair,
765
00:39:07,920 --> 00:39:10,719
Michael bowed out after
just over 2 years.
766
00:39:11,120 --> 00:39:14,880
And exited in his style
to a flurry of headlines.
767
00:39:22,079 --> 00:39:25,038
Ryanair became so big
and such a success that
768
00:39:25,039 --> 00:39:27,199
it was a polarising brand,
769
00:39:27,200 --> 00:39:29,399
not just by marketing
but by business terms.
770
00:39:29,560 --> 00:39:33,358
It was ruthless and curious
and relentless and pushed
771
00:39:33,359 --> 00:39:34,679
the boundaries of everything.
772
00:39:45,200 --> 00:39:47,200
♪ DRAMATIC MUSIC ♪
773
00:39:54,359 --> 00:39:56,359
BEHIND CAMERA: Can you remember the
first time you flew?
774
00:39:56,800 --> 00:39:57,840
Oh...
775
00:39:58,200 --> 00:40:00,560
I do remember my first time flying.
776
00:40:00,959 --> 00:40:04,078
It was probably on a Viscount to
Paris, my first flight. Yes.
777
00:40:04,079 --> 00:40:05,439
Rattling along.
778
00:40:06,439 --> 00:40:10,200
A single engine contraption. Which
was a death trap, probably.
779
00:40:10,319 --> 00:40:12,998
I first flew when I was 12.
780
00:40:12,999 --> 00:40:14,639
And it was a very big treat.
781
00:40:14,759 --> 00:40:16,920
And I do remember almost every
second of it.
782
00:40:17,399 --> 00:40:18,999
The first view above the clouds.
783
00:40:19,800 --> 00:40:20,800
It's magical.
784
00:40:21,920 --> 00:40:23,920
I was very nervous when it came to
the take off.
785
00:40:24,200 --> 00:40:26,160
Absolutely terrified. It was white
knuckles.
786
00:40:26,840 --> 00:40:29,319
It was really exciting getting an
aeroplane.
787
00:40:29,480 --> 00:40:31,638
I didn't even know anybody, I don't
think, who had been on an aeroplane,
788
00:40:31,639 --> 00:40:32,678
other than my dad.
789
00:40:32,679 --> 00:40:34,800
It was a huge, huge, huge thing for
me.
790
00:40:34,999 --> 00:40:37,520
On a big plane going across the
Atlantic.
791
00:40:37,639 --> 00:40:39,639
It was magic.
792
00:40:44,719 --> 00:40:46,359
♪ SONG: Jo Blankenburg -
"Sentience (feat. Clara Sorace)" ♪
793
00:40:48,039 --> 00:40:49,639
I think what I love about flying
is...
794
00:40:50,120 --> 00:40:51,199
just...
795
00:40:51,200 --> 00:40:52,200
...the freedom.
796
00:40:55,600 --> 00:40:59,959
We get a unique and privileged
view of the Earth.
797
00:41:00,160 --> 00:41:01,240
I love flying.
798
00:41:02,399 --> 00:41:04,480
Everyone that I know loves flying.
799
00:41:05,120 --> 00:41:08,959
We want to preserve the ability to
fly because it is so magical.
800
00:41:17,679 --> 00:41:20,399
NARRATOR: Our freedom to fly comes
with a high price.
801
00:41:22,560 --> 00:41:24,199
As temperatures rise,
802
00:41:24,200 --> 00:41:27,159
aviation faces more tension than ever
before.
803
00:41:27,160 --> 00:41:29,120
♪ SONG: Anita O'Day - "Let's Face
the Music and Dance" ♪
804
00:41:31,999 --> 00:41:35,359
Climate collapse may be Michael's
greatest challenge yet.
805
00:41:40,480 --> 00:41:42,199
O'LEARY: We do have to make travel
greener,
806
00:41:42,200 --> 00:41:43,999
so we're doing everything we can.
807
00:41:44,200 --> 00:41:45,239
Feeling the heat,
808
00:41:45,240 --> 00:41:47,678
in 2021 Ryanair launched its
partnership
809
00:41:47,679 --> 00:41:49,358
with Trinity College Dublin
810
00:41:49,359 --> 00:41:52,800
with the Ryanair Sustainable Aviation
Research Centre.
811
00:41:53,600 --> 00:41:56,279
{\an8}You see behind me here the game
changer 737 MAX
812
00:41:56,280 --> 00:41:58,800
{\an8}that Ryanair is a customer of.
813
00:41:59,439 --> 00:42:02,800
{\an8}16 percent lower fuel burn percent
with 4 percent more passengers.
814
00:42:03,280 --> 00:42:07,599
♪ Let's face the music and dance.
815
00:42:07,600 --> 00:42:08,600
Delicious cake.
816
00:42:09,920 --> 00:42:11,840
I wonder how sincere Michael
O'Leary's
817
00:42:12,520 --> 00:42:16,279
apparent recent conversion to
environmental issues is.
818
00:42:16,280 --> 00:42:17,318
♪ SONG: Frank Sinatra - "Bein'
Green" ♪
819
00:42:17,319 --> 00:42:20,199
Their 4 million investment is mere
coins for a company
820
00:42:20,200 --> 00:42:21,759
worth over 30 billion.
821
00:42:22,959 --> 00:42:25,120
We need to go a lot further, a lot
faster.
822
00:42:25,359 --> 00:42:28,638
I don't think Michael O'Leary's...
823
00:42:28,639 --> 00:42:32,919
♪ It's not that easy bein' green
824
00:42:32,920 --> 00:42:34,919
...dedication, shall we say.
825
00:42:34,920 --> 00:42:39,319
Our belief in ESG is entirely
sincere.
826
00:42:39,560 --> 00:42:41,880
It's a bit of a box-ticking
exercise.
827
00:42:42,120 --> 00:42:45,800
It's something that he knows many of
his investors actually do.
828
00:42:46,039 --> 00:42:47,279
But let's face it,
829
00:42:47,280 --> 00:42:50,600
Michael O'Leary's ambition is to get
more and more people to fly.
830
00:42:51,079 --> 00:42:54,119
Ryanair flies 630 planes
831
00:42:54,120 --> 00:42:58,359
and is aiming to fly 300 million
passengers by 2034.
832
00:42:58,800 --> 00:43:00,078
People want to continue to travel,
833
00:43:00,079 --> 00:43:02,239
and there's no way of putting
that genie back in the bottle,
834
00:43:02,240 --> 00:43:03,240
thankfully.
835
00:43:03,359 --> 00:43:05,119
Despite more efficient planes,
836
00:43:05,120 --> 00:43:08,800
their ever-expanding empire is
only increasing its emissions.
837
00:43:09,759 --> 00:43:11,920
Which keeps Ryanair in the hot seat.
838
00:43:12,079 --> 00:43:13,958
One thing is for sure,
839
00:43:13,959 --> 00:43:18,239
is that there will continue to be
enhanced scrutiny
840
00:43:18,240 --> 00:43:22,319
around any brand's perceived
green-washing.
841
00:43:22,959 --> 00:43:26,998
For Michael, a call to action might
need more stick than carrot.
842
00:43:26,999 --> 00:43:31,398
The bigger challenge facing Ryanair
when it comes to sustainability
843
00:43:31,399 --> 00:43:34,758
is less the consumer and more
regulators
844
00:43:34,759 --> 00:43:38,759
and what the regulatory framework
might impose on it.
845
00:43:39,240 --> 00:43:44,840
So if Ryanair were to launch an
always getting greener campaign,
846
00:43:45,240 --> 00:43:49,599
for example, they could certainly
expect scrutiny
847
00:43:49,600 --> 00:43:52,919
and the need for greater
transparency.
848
00:43:52,920 --> 00:43:54,758
The regulation is tightening
849
00:43:54,759 --> 00:43:57,078
and tightening all of the time in
relation to climate
850
00:43:57,079 --> 00:43:58,200
and climate change.
851
00:43:58,759 --> 00:44:02,999
Ryanair's old foe, regulations,
looms towards them.
852
00:44:03,639 --> 00:44:06,520
Regulators are thinking about the
common good.
853
00:44:06,999 --> 00:44:09,879
Businesses are thinking about their
shareholders.
854
00:44:09,880 --> 00:44:12,758
Michael O'Leary and Ryanair will be
sure that Ryanair
855
00:44:12,759 --> 00:44:16,439
will be contributing to the increase
in numbers within Europe,
856
00:44:16,759 --> 00:44:17,800
climate change or not.
857
00:44:18,079 --> 00:44:20,199
Unless, and it's a big if,
858
00:44:20,200 --> 00:44:23,678
the European Commission and member
governments of the European Union
859
00:44:23,679 --> 00:44:26,998
decide that they're going to take
measures to limit
860
00:44:26,999 --> 00:44:29,999
air travel to try and combat climate
change.
861
00:44:30,240 --> 00:44:32,239
It's difficult for us,
particularly in Ireland,
862
00:44:32,240 --> 00:44:33,398
because we're an island nation.
863
00:44:33,399 --> 00:44:36,560
You remove aviation or reduce and
restrict that more and more,
864
00:44:36,959 --> 00:44:39,840
we're probably going to regress as
an economy off the back of it.
865
00:44:44,679 --> 00:44:47,319
Ireland would be a very different
place without Ryanair.
866
00:44:47,480 --> 00:44:49,480
Cheap flights have changed how we
live.
867
00:44:49,959 --> 00:44:53,159
Because we're this small damp rock
on the outskirts of Europe
868
00:44:53,160 --> 00:44:54,998
and it's always raining and it's
always grey,
869
00:44:54,999 --> 00:44:57,078
Irish people are just dying to get
off the rock.
870
00:44:57,079 --> 00:44:59,559
And Michael O'Leary came along
and offered a way that
871
00:44:59,560 --> 00:45:01,399
everybody could afford to do it.
872
00:45:02,280 --> 00:45:05,959
When once we fled, we can now return.
873
00:45:06,200 --> 00:45:08,199
So my original flight was actually
booked for tomorrow,
874
00:45:08,200 --> 00:45:09,919
but I purposely changed the time
of the flight
875
00:45:09,920 --> 00:45:11,638
so I could come home to vote.
876
00:45:11,639 --> 00:45:14,800
This is a revolution that James
Connolly would have dreamed about.
877
00:45:15,120 --> 00:45:18,678
Aviation was brought to ordinary
people, regardless of their income,
878
00:45:18,679 --> 00:45:21,039
regardless of their age, regardless
of their status.
879
00:45:21,439 --> 00:45:24,438
Ireland now is unrecognisable
compared
880
00:45:24,439 --> 00:45:26,078
to where it was 40 years ago.
881
00:45:26,079 --> 00:45:29,840
I don't think 40 years ago we had
the self-belief that we have now,
882
00:45:29,999 --> 00:45:33,120
or the sense that we could
internationalise our business.
883
00:45:33,280 --> 00:45:35,239
It's phenomenal, Ryanair.
884
00:45:35,240 --> 00:45:36,399
It could have been anywhere.
885
00:45:36,920 --> 00:45:40,039
I think the fact that we got it, you
know, the headquarters is here,
886
00:45:40,520 --> 00:45:42,758
their taxes are here, I mean, that's
big.
887
00:45:42,759 --> 00:45:44,600
That's big for Ireland.
888
00:45:45,240 --> 00:45:47,480
Ryanair has brought us closer to
Europe.
889
00:45:47,959 --> 00:45:50,439
The European Union made Ryanair.
890
00:45:50,759 --> 00:45:54,280
Ryanair's influence in Europe is
totally profound.
891
00:45:54,679 --> 00:45:57,880
They are truly a pan-European
operator.
892
00:45:58,439 --> 00:46:01,398
O'LEARY: Ryanair has done more for
European integration, I think,
893
00:46:01,399 --> 00:46:03,919
than any other company in the
history of the European Union.
894
00:46:03,920 --> 00:46:07,119
We have made it possible for people
to travel all over Europe
895
00:46:07,120 --> 00:46:10,200
all year round at fares that nobody
thought were imaginable.
896
00:46:10,520 --> 00:46:14,679
Most of Ryanair's success is down to
Michael's leadership.
897
00:46:15,079 --> 00:46:17,880
He turned it from an airline that
was loss-making
898
00:46:18,359 --> 00:46:20,358
and would have probably gone under
899
00:46:20,359 --> 00:46:22,799
to an airline that was able to
900
00:46:22,800 --> 00:46:25,519
challenge all of the legacy
carriers
901
00:46:25,520 --> 00:46:28,839
and essentially democratise
privatise air travel,
902
00:46:28,840 --> 00:46:30,679
big financial deals with Boeing.
903
00:46:31,319 --> 00:46:33,559
These are all things that hit
the Richter scale.
904
00:46:33,560 --> 00:46:35,038
When our Taoiseach, Michal Martin,
905
00:46:35,039 --> 00:46:37,559
went to the White House and said,
906
00:46:37,560 --> 00:46:40,999
sitting across from Trump people
may not realise Ryanair,
907
00:46:41,160 --> 00:46:43,479
one of our biggest airlines, for
example...
908
00:46:43,480 --> 00:46:45,318
TRUMP: I'll trade. (CHUCKLES) I'll
trade.
909
00:46:45,319 --> 00:46:48,758
...they buy more, the two of them
together buy more
910
00:46:48,759 --> 00:46:51,160
Boeing aeroplanes than anybody else.
911
00:46:52,120 --> 00:46:53,879
How many aeroplanes we buy from you?
912
00:46:53,880 --> 00:46:54,999
Single biggest customer.
913
00:46:55,480 --> 00:46:59,160
In the world for a little
country of 5.5, 6 million people.
914
00:46:59,319 --> 00:47:03,240
It is the most extraordinary
commercial story in any country.
915
00:47:03,880 --> 00:47:05,880
Okay, Ivan, he's not the Messiah.
916
00:47:06,039 --> 00:47:07,880
He's a very clever businessman.
917
00:47:08,039 --> 00:47:12,038
He revolutionised all that by really
having no respect
918
00:47:12,039 --> 00:47:13,879
for anything other than the bottom
line.
919
00:47:13,880 --> 00:47:15,839
For a nation that loves to champion
920
00:47:15,840 --> 00:47:17,958
successes that punch above our
weight,
921
00:47:17,959 --> 00:47:20,279
Ryanair rarely gets a boast.
922
00:47:20,280 --> 00:47:21,560
Oh, I flew with Ryanair.
923
00:47:21,800 --> 00:47:25,119
There's this automatic instant
reaction for us to tut
924
00:47:25,120 --> 00:47:28,119
and roll our eyes like, "Fuckin'
Ryanair."
925
00:47:28,120 --> 00:47:30,519
On paper, you know, he's
anti-establishment,
926
00:47:30,520 --> 00:47:33,799
funny, he's direct, he doesn't like
politicians.
927
00:47:33,800 --> 00:47:35,358
He should be sort of the Everyman,
928
00:47:35,359 --> 00:47:37,160
and we should love him more than we
do.
929
00:47:37,480 --> 00:47:40,519
The national sport in Ireland is
begrudgery.
930
00:47:40,520 --> 00:47:42,958
Michael O'Leary and Ryanair
931
00:47:42,959 --> 00:47:46,479
represents the Ireland that
hustles,
932
00:47:46,480 --> 00:47:49,200
not the Ireland that hosts.
933
00:47:49,359 --> 00:47:51,600
Can I say a cute whore? Yeah.
934
00:47:51,840 --> 00:47:55,438
It is funny that we don't cherish
them more
935
00:47:55,439 --> 00:47:58,599
because as a nation we do tend to
love a cute whore.
936
00:47:58,600 --> 00:48:01,520
This cute whore has made Ryanair what
it is today.
937
00:48:01,759 --> 00:48:03,239
O'LEARY: I'm proud of the fact that
it's Irish,
938
00:48:03,240 --> 00:48:04,438
it's managed in Ireland,
939
00:48:04,439 --> 00:48:05,600
it's run in Ireland.
940
00:48:05,840 --> 00:48:09,359
I'm only guessing this, Michael
is scared shitless of retirement.
941
00:48:09,759 --> 00:48:12,638
His energy and his experience
and his contacts
942
00:48:12,639 --> 00:48:14,520
could be put to the benefit of
Ireland.
943
00:48:14,840 --> 00:48:18,358
Having his mind focused on how do we
solve
944
00:48:18,359 --> 00:48:20,638
one of the biggest crises in our
generation
945
00:48:20,639 --> 00:48:23,639
would be very exciting in terms of
what's possible in aviation.
946
00:48:23,880 --> 00:48:26,279
I think that would be a great legacy
for him to look back on.
947
00:48:26,280 --> 00:48:28,358
Hmm, but that almost sounds like
do-gooding.
948
00:48:28,359 --> 00:48:29,559
What about the bottom line?
949
00:48:29,560 --> 00:48:30,840
Think of the shareholders!
950
00:48:31,319 --> 00:48:34,239
I think that the next generation of
Michael O'Learys
951
00:48:34,240 --> 00:48:35,479
will come out of innovation.
952
00:48:35,480 --> 00:48:39,078
Innovation and technology and
research have
953
00:48:39,079 --> 00:48:43,719
really become the passports to
people getting,
954
00:48:43,880 --> 00:48:45,160
you know, filthy rich.
955
00:48:45,480 --> 00:48:46,679
Ahh, thank goodness.
956
00:48:46,999 --> 00:48:49,119
Ryanair has battled past crises
957
00:48:49,120 --> 00:48:51,958
and competition to earn its place at
the top.
958
00:48:51,959 --> 00:48:53,919
EasyJet talk the talk,
959
00:48:53,920 --> 00:48:55,160
but they don't walk the walk.
960
00:48:58,840 --> 00:49:02,120
But in aviation, the only certainty
is uncertainty.
961
00:49:04,679 --> 00:49:07,959
Will low-cost continue to dominate
how we travel?
962
00:49:10,439 --> 00:49:13,159
With each day bringing new and
strange battles...
963
00:49:13,160 --> 00:49:14,758
If he wants to invest in Ryanair,
964
00:49:14,759 --> 00:49:17,239
we would think it's certainly a
significantly better investment
965
00:49:17,240 --> 00:49:19,399
than the financial returns he's
earning on X.
966
00:49:19,639 --> 00:49:22,038
...and climate and geopolitics
collapsing,
967
00:49:22,039 --> 00:49:26,279
perhaps no airline is more fighting
fit for the punches to come.
968
00:49:26,280 --> 00:49:27,559
None of us know,
969
00:49:27,560 --> 00:49:30,439
but I think it is time for Europe to
stand up to the US.
970
00:49:30,759 --> 00:49:34,239
And if Trump wants to have a row
with Europe, well,
971
00:49:34,240 --> 00:49:35,399
let's have a row right back.
972
00:49:40,800 --> 00:49:42,800
♪ SONG: Cream - "I Feel Free" ♪
973
00:49:57,160 --> 00:49:59,880
I am free.
974
00:50:13,480 --> 00:50:15,480
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