O’Leary: Buying LaudaMotion ‘very painful,’ but eyes profit next year

Credit: LaudaMotion
Ryanair subsidiary LaudaMotion is losing around €1 million ($1.1 million) per week, Ryanair CEO Michael O’Leary said, adding that the purchase of the Austrian LCC has been “ very painful .” “In 2018, this company had losses of €140 million, which was funded by loans from Ryanair. But we had expected...

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