Ryanair’s Michael O’Leary: eDreams CEO Is ‘Spoofing His Shareholders’

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Ryanair’s Michael O’Leary: eDreams CEO Is ‘Spoofing His Shareholders’

Skift09-07

Ryanair CEO Michael O’Leary accused his counterpart at eDreams Odigeo of misleading his shareholders when he stated that high courts in Europe have already decided that eDreams Odigeo brands have the ...

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Shareholders’\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-09-07 03:55 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/ryanair-michael-o-leary-edreams-195526925.html><strong>Skift</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Ryanair CEO Michael O’Leary accused his counterpart at eDreams Odigeo of misleading his shareholders when he stated that high courts in Europe have already decided that eDreams Odigeo brands have the ...</p>\n\n<a href=\"https://finance.yahoo.com/news/ryanair-michael-o-leary-edreams-195526925.html\">Source 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O’Leary told Skift, referring to the eDreams Odigeo CEO. “He is just spoofing his shareholders. eDreams does not have access to Ryanair content unless it unlawfully scrapes Ryanair’s website.”Ryanair has been battling online travel agencies that scrape its website without authorization, and O’Leary said that courts in France, Italy and Ireland have already “ruled that screen-scraping Ryanair’s website is illegal.”O’Leary was reacting to statements from Dunne during eDreams’ Odigeo’s earnings call Tuesday, which covered the June 30 quarter.For example, Ryanair claims that eDreams charges its Prime members a 32 euro bag fee for a 10 kg bag on Vueling while the airline on","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4548":"巴美列捷福持仓","EDEMY":"EDreams Odigeo SA","BK4008":"航空公司","RYAAY":"Ryanair Holdings plc","EDDRF":"EDreams Odigeo SA","LU1201861165.SGD":"Natixis Harris Associates Global Equity PA SGD","LU0130103400.USD":"Natixis Harris Associates Global Equity RA USD","BK4500":"航空公司","BK4566":"资本集团","LU0648000940.SGD":"Natixis Harris Associates Global Equity RA SGD","BK4532":"文艺复兴科技持仓"},"translate_title":"瑞安航空的迈克尔·奥利里：eDreams首席执行官正在“欺骗股东”","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"EDDRF":0.9,"EDEMY":0.9,"RYAAY":0.9},"content_text":"Ryanair CEO Michael O’Leary accused his counterpart at eDreams Odigeo of misleading his shareholders when he stated that high courts in Europe have already decided that eDreams Odigeo brands have the right to access the airline’s flights, and that the matter is closed.\n“This statement by Dana Dunne is meaningless waffle,” O’Leary told Skift, referring to the eDreams Odigeo CEO. “He is just spoofing his shareholders. eDreams does not have access to Ryanair content unless it unlawfully scrapes Ryanair’s website.”\nRyanair has been battling online travel agencies that scrape its website without authorization, and O’Leary said that courts in France, Italy and Ireland have already “ruled that screen-scraping Ryanair’s website is illegal.”\nO’Leary was reacting to statements from Dunne during eDreams’ Odigeo’s earnings call Tuesday, which covered the June 30 quarter.\nDunne said eDreams plans to do what’s in the interest of its customers and shareholders regarding Ryanair, and would also follow European law.\n“I should also just state for everybody that there’s been – this matter has been litigated in terms of access of content, and there’s been final judgments from high courts in Europe, so it cannot be re-litigated,” Dunne said. “And according to these rulings, our travel brands are fully within their rights to include all flights and all related public data as part of our offering.”\neDreams did not immediately respond to a request for comment. \nDid Ryanair Cost eDreams 1 Million Prime Subscribers?\nThe stakes are high for eDreams Odigeo in its quest to give its customers the ability to book Ryanair flights. Chief Financial Officer David Corrales said during the company’s earnings call Tuesday that it is facing headwinds in signing up members to its Prime subscription plan, which offers flight, hotel, and car rental discounts in exchange for an annual fee, because it only has had intermittent access to the airline’s flights over the past nine months.\n“We acknowledge that customers solely interested in Ryanair flights are less likely to join Prime,” Corrales said. \nThat lack of access may have cost the online travel agency, which claims to be the second largest flight seller in the world after China’s Trip.com Group, around 1 million Prime members. That’s because eDreams reported that it had 6.2 million Prime subscribers at the end of June, and its goal for the current fiscal year is 7.25 million.\n“Overall, it’s fair to say that excluding this headwind, we would have materially exceeded our target of fiscal ’25 Prime members,” Corrales said. \nO’Leary, though, said “eDreams Prime service is misleading consumers into paying a yearly Prime subscription under the false promise of ‘savings,’ even though they are still overcharging Prime members every time they book flights via eDreams.”\nFor example, Ryanair claims that eDreams charges its Prime members a 32 euro bag fee for a 10 kg bag on Vueling while the airline only charges 18 euro, for example. \nPrime Membership Is Growing \nDespite the Ryanair issue, eDreams Odigeo grew its Prime membership roster 32% year over year in the June quarter to 6.2 million. The company said it’s on track to meet its fiscal 2025 goal of 7.25 million Prime members.\neDreams lost 1.2 million euros ($1.32 million) in the June quarter on a net loss basis. \nGet breaking travel news and exclusive hotel, airline, and tourism research and insights at Skift.com.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"hasMoreComments":false,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}