Michael O'Leary Thanks Elon Musk For The 'Wonderful' Publicity: Says Tesla CEO Free To Invest In Ryanair, Which Offers Better Returns Than X

Ryanair Holdings PLC (NASDAQ:RYAAY) CEO, Michael O'Leary, said that his nationalist spat with Elon Musk has delivered a boost to the airliner’s bookings, portion adding that the billionaire entrepreneur was invited to put successful the airline, which helium said offers amended returns than “X.”

Speaking astatine a property briefing connected Wednesday, O'Leary outlined wherefore Ryanair has opted not to instal Starlink outer net crossed its fleet, citing installation costs and “fuel drag,” which helium said would summation the airline's substance measure by “€100 and €200 million” annually.

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The determination had sparked a tempest connected X earlier this week, with Musk calling O’Leary “an utter idiot,” portion floating the thought of purchasing the hose and firing the CEO, who helium said would beryllium replaced by idiosyncratic named “Ryan.”

“But we bash privation to convey him,” O’Leary said connected Musk’s repeated attacks, saying that the hose had received “three oregon 4 cardinal hits” for its “great idiots” spot sale, which was launched connected Tuesday.

O’Leary besides offered Musk a escaped summons to convey him for the “wonderful” boost successful publicity the hose had received arsenic a effect of his actions, which helium said had led to a “very significant” surge successful bookings, by 2% to 3% implicit the past 5 days.

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O’Leary said that the Tesla Inc. (NASDAQ:TSLA) CEO was invited to put successful the airline. “We're a publically owned company. He's escaped to bash truthful astatine immoderate time,” helium said, portion noting that “non-European citizens cannot ain a bulk of European airlines.”

In a subtle excavation astatine Musk, O’Leary said that Ryanair would beryllium “a precise bully investment,” adding that it was “a importantly amended investment” than his $44 cardinal acquisition of X, formerly known arsenic Twitter.

Shares of Ryanair person been rallying implicit the past week, up 2.83% amid Musk’s connection to get the company. On Wednesday, the banal surged 1.37%, closing astatine $70.45 and is up 3.89% overnight. The airliner scores precocious connected Momentum and Value successful Benzinga’s Edge Stock Rankings, with a favorable terms inclination successful the short, mean and agelong terms.