Michael O'Leary
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Michael O'Leary

Ryanair: ultra-low-cost activity system

Michael O'Leary has served as CEO of Ryanair since 1994, transforming it from a small Irish carrier into Europe's busiest airline by passenger numbers. His strategy systematically unbundles fares, monetises ancillaries, and drives aircraft utilisation to extremes — a coherent set of mutually reinforcing choices studied as a textbook competitive activity system.

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Last updated
10 May 2026
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