If Spain becomes the next euro zone economy to seek a bailout by international lenders, low-cost airline Ryanair might be one company to benefit, according to its chief executive.
Michael O'Leary, the famously irascible chief executive of the airline, told CNBC it could be a "primary beneficiary of the restructuring of
O'Leary calledRyanair the "Ikea of the airline business" and said that it stood to benefit from recession in the euro zone and a pullback from competitors in some short-haul European routes.
Net profit between March and the end of October rose to 596 million euros ($765.6 million), higher than analysts' expectations of 564 million euros. Revenue increased by 15 percent to 3.1 billion euros as the company successfully raised fares and exploited new revenue streams like charging for seats at the front of the aircraft.