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Seven days: 8 February 2019

Seven days: 8 February 2019

Ryanair overhauled

Controversial Ryanair (RYA) boss Michael O'Leary announced plans to step down as chief executive of the airline, as it reported a pre-tax loss of €22m (£19m) for the final three months of 2018 from a €113m profit the year before. Mr O'Leary will remain as the head of the group’s holding structure for a further five years, as the airline announced plans to move to an arrangement “not dissimilar to that of IAG”, with a small management team overseeing Ryanair, Laudamotion, Ryanair Sun and Ryanair UK. Chairman David Bonderman also announced plans to step down in 2020.

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