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| Simon Calder: In aviation, it's survival of the richest How we laughed: 18 months ago, Michael O'Leary, chief executive of Ryanair, was presenting the half-year financial results for Europe's biggest no-frills airline. Someone asked about the impact of rising fuel prices. "If oil goes to $70 a barrel," he responded, "we'll be the only profitable airline in Europe; if oil goes to $80 a barrel, we'll be the only break-even airline in Europe; if oil goes to $90 a barrel, we'll be the only airline in Europe." ![]() ![]() More... |
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