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Ryanair CEO: Collective insanity in U.S. and U.K.

Staff Writer |
Ryanair CEO Michael O’Leary has slammed the populist wave sweeping the United States and the United Kingdom as “insanity” and warned that isolationism would have economic consequences for both countries.

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“Some kind of collective insanity has taken place over the last year, with Theresa May becoming prime minister by accident, Donald Trump is in the White House,” O’Leary told Handelsblatt in an exclusive interview.

The Ryanair executive criticized May for adopting contradictory positions by advocating for Britain to exit the European single market while at the same time portraying the country as a champion of global free trade.

“Britain wants to be a global trading nation with free trade? So why don’t you have free trade with the biggest trading block of the world, Europe? It’s mad,” O’Leary said.

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