Trump victory would be chaotic but entertaining, Ryanair CEO says

The U.S. could be heading towards a chaotic, yet entertaining, moment if Republican candidate Donald Trump wins Tuesday's presidential election, the CEO of one of the largest European carriers has told CNBC.

"Given the (election) results are out in two days time, I don't think it will make that much difference, unless of course Trump upsets the polls, in which case chaos will ensue. But it might be entertaining for a number of months," Michael O'Leary, CEO of RyanAir told CNBC on Monday.

The owner of the budget airline added however, that "there are limits on presidential power" and a potential President Trump would still have to work with Congress and with the Senate.


O'Leary told CNBC that there's been too much talk on the U.S. election and that, just like Brexit negotiations, it's time to get it done.

"We have much bigger issues here, certainly, in Europe to worry about rather than who's in the White House," he said, mentioning structural economic problems across continental Europe and Brexit uncertainty.

Ryanair announced Monday a profit after tax of 1.17 billion euros ($1.30 billion) in the first six months of 2016, in line with expectations. The Irish firm also increased its long-term growth forecast by 10 percent, as it projects to have more than a 20 percent share of Europe's short-haul market.

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