Ryanair(US:RYAAY) Benzinga·2026-01-28 06:16Core Viewpoint - Ryanair's CEO Michael O'Leary predicts that most airlines will soon offer free Wi-Fi services on board flights, contingent on technological advancements that minimize fuel penalties associated with the installation of antennas [2][3]. Group 1: In-Flight Wi-Fi Services - O'Leary stated that Ryanair plans to implement Wi-Fi on short-haul aircraft when it becomes feasible without incurring fuel drag penalties from external antennas [2]. - The company is in discussions with SpaceX-backed Starlink, Amazon's Leo, and Vodafone for potential Wi-Fi service offerings, but O'Leary believes only 5-10% of passengers would be willing to pay for such services [3]. - He emphasized that low fares would always take precedence over free Wi-Fi, but expects that improvements in Wi-Fi technology over the next 4 to 5 years will lead to widespread free access [3]. Group 2: Financial Performance - Ryanair reported an earnings per share (EPS) of 7 cents, which fell short of the consensus estimate of 18 cents and decreased significantly from 30 cents per share a year prior [4]. - The airline incurred a $351 million antitrust fine from Italian authorities, which is currently under appeal [4]. Group 3: Public Relations and Competition - O'Leary's comments come amid a public exchange with Elon Musk, who criticized him and suggested purchasing Ryanair to replace him [5]. - O'Leary welcomed Musk's interest but noted that non-European citizens cannot own a majority stake in European airlines, making such a purchase unlikely [5].