By Tom Winnifrith | Monday 18 May 2020
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Remember when the noxious leprechaun told us that RyanAir (RYA) might have to quit Britain if we voted for Brexit? It seems he is not leaving now and thinks we Britishers are jolly good chaps for bailing out his airline even though it sits on a vast cash pile. However, as his airline faces massive price competition as EU member states break all the rules to bail out flag carriers, O'Leary took to CNBC to complain. Of course he is correct, this is a crazy breach of the rules and spunk of taxpayer cash. But as a consumer facing years of cheap flights with the added joy of seeing the odious O'Leary kicked in the gonads and EU taxpayers stiffed with the bill my libertarian anger is somewhat muted. Enjoy the video.
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