ET 21:40

Musk Threatens to Buy Ryanair After Wi-Fi Dispute

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Narrative

Elon Musk escalated a public feud with Ryanair CEO Michael O'Leary over satellite internet installation, launching a social media vote to acquire the European low-cost carrier. The poll garnered 27.8 million views with 77% in favor, signaling a potential bid that could value Ryanair at $540 billion if a 50% premium is paid. Ryanair, Europe's largest budget airline, reported €16.1 billion net profit on €139.5 billion revenue in 2025, maintaining a 11.6% net margin through strict cost control. O'Leary opposes Starlink Wi-Fi due to fuel costs and passenger resistance, while Musk argues the technology enhances user experience. The proposed acquisition faces regulatory hurdles in the EU and shareholder resistance. The dispute reflects broader tensions between cost-driven aviation models and tech-forward innovation strategies.

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