catch up with ceo michael o'leary. looking for what to do with you a little bit later.s are higher. tom: did you ever fly ryan airway for the trip where you stand up? jonathan: you sit down, very tightly packed. from a beautiful new york city this morning, good morning. the first time your sales reached 100k with godaddy was also the first time your profits left you speechless. at the counter or on the go, save 20% with the lowest transaction fees and keep more of what you make. start saving today at godaddy.com i screwed up. mhm. and keep more of what you make. i got us t-mobile home internet. now cell phone users have priority over us. and your marriage survived that? you can almost feel the drag when people walk by with their phones. oh i can't hear you... you're froze-- ladies, please! you put it on airplane mode when you pass our house. i was trying to work. we're workin' it too. yeah! work it girl! woo! i want to hear you say it out loud. well, i could switch us to xfinity. those smiles. that's why i do what i do. that and the paycheck. jonathan: welcome to the pr

we talked to michael o'leary on the sidelines. veryone's been talking about energy crisis, consumer crisis, rising interest rates, yet fundamentally we are dealing with a full employment economy. people receiving wages at the end of every month and receiving money. it feels like i know what the 1920's were like after the spanish flu but it's almost like people are determined to spend and spend on travel in particular. being locked up for two years has driven people back to the beaches. people are spending money. it's difficult to get a restaurant reservation. ryanair is still offering the lowest fares in every market that we operate across europe, but even we have seen our fares rise. we think that this summer, and i'm on record on thinking we might get to double digits again, a 10% increase in airfares. but that's two years in a row of double-digit airfare increases. people are spending. we are nowhere near the american level. southwest last year was $110. ours was 44 euros. it still cheaper to fly in europe that there is no doubt

michael o'leary, hasn't pulled ony ponones— michael o'leary, hasn't pulled any punches with— michael t. c153 we will go back into the single market. j3153 market. thank god. look at where we are now. it's a nightmare. vie-ve— we are now. it's a nightmare. we've already talked about the obstructive civil service in an earlier part. blame for everything civil service don't like brexit and they have been constructive in trying to stop brexit working. but mike, 4000 pieces of legislation should have been cleared now through the and it hasn't been cleared. they haven't been because they've been uncooperative. what does brexit stand what does brexit even stand for oyore— what does brexit even stand for oyore e— what does brexit even stand for oyore e iis— what does brexit even stand for anymore ? it's just— what does brexit even stand for anymore ? it's just been it's anymore? it's just been it's soneining— anymore? it's just been it's something that's now feels it ieeis— something that's now feels it ieeis iike— something that's now feels it ieeis iike o— something that's now feels it feel

any— michael o'leary, hasn't pulled my pnncnes— michael o'leary, hasn't pulled any punches with— michaelt. icirir3 market. thank god. look at where we are now. it's a nightmare. vie-ve— we are now. it's a nightmare. we've already talked about the obstructive civil service in an earlier part. blame for everything civil service don't like brexit and they have been constructive in trying to stop brexit working. but mike, 4000 pieces of legislation should have been cleared now through the and it hasn't been cleared. they haven't been because they've been uncooperative. what does brexit stand what does brexit even stand for oymoe— what does brexit even stand for oymoe e— what does brexit even stand for oymoe e iris— what does brexit even stand for anymore ? it's just— what does brexit even stand for anymore ? it's just been it's anymore? it's just been it's someining— anymore? it's just been it's something that's now feels it ieeis— something that's now feels it ieeis iike— something that's now feels it ieeis iike o— something that's now feels it feels like a pipeline dream. you know.— feels

manus: the ryanair ceo michael o'leary, at the bloomberg new economy gateway forum outside dublin.ll speak to a few more guests from the gateway in europe throughout the day, they include -- tony blair, blackrock vice chairman and the irish finance minister all joining the new economy gateway. tom: coming, tesla drops after hours after operating margin calls in the first quarter. more on those results. the ev maker slashing prices, what it means for competition across the space. this is bloomberg. ♪ >> while we reduced prices considerably in early q1, our operating room margin remains among the best in the industry. higher volumes and larger fleet is the right choice versus lower volumes and higher margin. tom: the tesla ceo, elon musk, on a called to analysts after those results. for more details on the ev maker is bloomberg's alex webb. we heard from elon musk saying the priority is volumes over margins. we know they are cutting prices not just in the u.s., but china as well, what have those done to these results? >> we have seen certificate decline in the operating margin. the p

and this is michael o'leary, and said handle in brexit rant., some of them -,— brexit before, you know, some of them -, hut— brexit before, you know, some of them_, but the- brexit before, you know, some of them , but the people, them might die, but the people, them might die, but the people, the-et— them might die, but the people, the-eh the— them might die, but the people, the-of the people- them might die, but the people, the of the people will the rest of the people will temthmte— the rest of the people will continue getting older. so we'll htwe— continue getting older. so we'll htwe mew— continue getting older. so we'll htwe eht— continue getting older. so we'll have new old people. that is my theety— have new old people. that is my they met— have new old people. that is my theory. but they're _ have new old people. that is my theory. but they're too lazy to get— theory. but they're too lazy to get eteeeette— theory. but they're too lazy to get eteeeette te— theory. but they're too lazy to get passports to young people. they— get passports

and this is michael o'leary, and said handle in brexit rant.ople who supported. brexit-you-some of brexit before, you know, some of then — brexit before, you know, some of then -.— brexit before, you know, some of then -. hut— brexit before, you know, some of then-. put the- brexit before, you know, some of them , but the people, them might die, but the people, them might die, but the people, the-ot— them might die, but the people, the-ot the— them might die, but the people, the-of the people- them might die, but the people, the of the people will the rest of the people will sonttnue— the rest of the people will continue getting older. so we'll howe— continue getting older. so we'll how he— continue getting older. so we'll hoye ott— continue getting older. so we'll have new old people. that is my theory.— have new old people. that is my theory. hut— have new old people. that is my theory. but they're _ have new old people. that is my theory. but they're too lazy to get— theory. but they're too lazy to get posspons— theory. but they're too lazy

and this is michael o'leary, and said handle in brexit rant.ld people who supported brexit know, some the old people who supported. brexit—know, some of brexit before, you know, some of ten — brexit before, you know, some of ten -,— brexit before, you know, some of ten -, put— brexit before, you know, some of them_, put tne- brexit before, you know, some of them , but the people, brexit before, you know, some of theirest , but the people, brexit before, you know, some of theirest of , but the people, brexit before, you know, some of theirest of the , but the people, brexit before, you know, some of theirest of the people :he people, brexit before, you know, some of theirest of the people willreople, the rest of the people will continue— the rest of the people will continue getting older. so we'll nave— continue getting older. so we'll nave ne— continue getting older. so we'll nave otd— continue getting older. so we'll have new old people. that is my tpeory— have new old people. that is my tneory. put— have new old people. that is my theory. but

a professional wind up merchant merchant and the ryanair ceo , merchant and the ryanair ceo, michael o'learys— respectable. good reason to join . now it accounts for 8% and hung— . now it accounts for 8% and falling, whereas— . now it accounts for 8% and falling, whereas half of the want-s— falling, whereas half of the world's growth— falling, whereas half of the world's growth over the next eawhte— world's growth over the next eawate at— world's growth over the next couple of decades is going to be in couple of decades is going to be hn that— couple of decades is going to be in that pacific— couple of decades is going to be in that pacific bloc— couple of decades is going to be in that pacific bloc . and we've in that pacific bloc. and we've tahnet— in that pacific bloc. and we've tahnet them.— in that pacific bloc. and we've joined them. and— in that pacific bloc. and we've joined them. and the amazing thhng— joined them. and the amazing thhng hs— joined them. and the amazing thhng hs thts— joined them. and the amazing thing is this, mr— joined them. and the amazing thing is this, mr o'lea

a professional wind up merchant merchant and the ryanair ceo , merchant and the ryanair ceo, michael o'learyoin . now it accounts— respectable. good reason to join . now it accounts for 8% and hung— . now it accounts for 8% and falling, whereas— . now it accounts for 8% and falling, whereas half of the want-s— falling, whereas half of the world's growth— falling, whereas half of the world's growth over the next eawhte— world's growth over the next eawate at— world's growth over the next couple of decades is going to be in couple of decades is going to be hn that— couple of decades is going to be in that pacific— couple of decades is going to be in that pacific bloc— couple of decades is going to be in that pacific bloc . and we've in that pacific bloc. and we've tahnet— in that pacific bloc. and we've tahnet them.— in that pacific bloc. and we've joined them. and— in that pacific bloc. and we've joined them. and the amazing thhng— joined them. and the amazing thhng hs— joined them. and the amazing thhng hs thts— joined them. and the amazing thing is this, mr— joined them. and the amazing thi

well, that's what someone like michael o'leary of ryanair would do.nce whatsoever because they're another part of the they're just another part of the hewet— they're just another part of the heweh remhtw. — they're just another part of the royal family. then her entire. raison_should raison d'etre is that she should be raison d'etre is that she should he eemethhhg— raison d'etre is that she should be something else. she should be a be something else. she should be e-ptee.— be something else. she should be e-ptee. ahe— be something else. she should be a-plus. and-fact- be something else. she should be a plus. and fact that a royal plus. and the fact that ehe— a royal plus. and the fact that ehe-eeme— a royal plus. and the fact that ehe-eeme te— a royal plus. and the fact that she _come to the - she won't come to the coronation,— she won't come to the coronation, think is rightly coronation, i think is rightly a to coronation, i think is rightly a te he— coronation, i think is rightly a to be celebrated— coronation, i think is rightly a to be celebrated

well, that's what someone like michael o'leary of ryanair would do.e they bury the hetshet. she— that because once they bury the hatchet, she ceases to be of any relevance whatsoever because thev-re— relevance whatsoever because thev-re-etether- relevance whatsoever because they're another part of the they're just another part of the tevet— they're just another part of the ttevet remttv. — they're just another part of the royal family. then her entire. raison_should raison d'etre is that she should be raison d'etre is that she should he semethtte— raison d'etre is that she should be something else. she should be a be something else. she should be e-etws.— be something else. she should be e-etws. att— be something else. she should be a-plus. and-fact- be something else. she should be a plus. and fact that a royal plus. and the fact that she— a royal plus. and the fact that she-seme— a royal plus. and the fact that she-sete te— a royal plus. and the fact that she _come to the - she won't come to the coronation,— she won't come to the coronation, think i