Ryanair restructures as profits fall; the implications of the Avianca Brasil ruling

Ryanair has revealed it will move to a new group structure at the same time it announced a fall in fortunes during the last quarter. Michael O’Leary confirmed that he will remain with the company for a further five years but as Group CEO of Ryanair Holdings; he will be stepping down as head of the airline. Ryanair states that it will announce a CEO of the airline in due course. Chairman David Bonderman will also step down in summer 2020 to be succeeded by Stan McCarthy, who joined the board in 2017. Ryanair stated: “Over the next 12 months