Ryanair entered 2020 in decent financial shape relative to other low cost airlines. But in addition to the COVID‑19 disruption, poor cyber governance poses a risk to the company’s industry-leading operating margins, the key enabler for RYA’s aggressive pricing and thus market share growth post-COVID‑19.

Why does Cyber Governance matter?

Ryanair’s early and full embrace of digital technology makes cyber an issue that presents significant negative downside financial risk if not properly managed.

What does the company need to do moving forward?

Better cyber governance will put Ryanair on stronger footing to take advantage of a rebound in air travel and reduce the risk of financial and market losses due to a cyber-related operational disruption. Ryanair’s early and full embrace of digital technology places it at the core of the company’s DNA. Management’s decision about whether or not to invest appropriately to resolve key security flaws in the near term is a strategic business decision that will factor into how well the company performs on a relative basis post-COVID‑19.