Legal battle and price war face Ryanair in months ahead

A mammoth pan-European legal battle, a price war that could see profits halved and a host of angry investors — just some of the problems facing Ryanair in the coming months if the speculation is to be believed.

All this, and chief executive Michael O'Leary has to deal with being compared to Wile E. Coyote as well.

While the low-cost airline's business model has always been admired by the financial community, O'Leary has never been everybody's cup of tea.