This page will contain news stories about Ryanair, as they become available.Ryanair
Ryanair (ISEQ: RYA) LSE: RYA (NASDAQ: RYAAY) is an airline based in Ireland. It is Europe's largest low-cost carrier, operating 209 low-fare routes to 94 destinations across 17 European countries. Over the years it has evolved into the world's most profitable airline [1], running at remarkable margins by relentlessly driving costs down. Ryanair has been characterised by rapid and continuing expansion, enabled by the deregulation of the air industry in Europe in 1997. Ryanair is one of Europe's most controversial companies, praised and criticised in equal measure [2]. Its supporters praise its commitment to exceptionally low fares, its radical management, its populism, and its willingness to challenge what Ryanair calls the 'establishment' within the airline industry (similar to its American counterpart, Southwest Airlines). Critics, meanwhile, have attacked its trade union policies [3], and have charged that it practises deceptive advertising [4]. Code Data
HistoryEarly yearsRyanair was founded in 1985 by Irish businessman Tony Ryan. The airline began with a 15 seat turboprop aircraft flying between Waterford and London Gatwick with the aim of breaking the duopoly on London-Ireland flights at that time held by British Airways and Aer Lingus. In 1986 the company added a second route - flying Dublin-London Luton in competition to the BA/Aer Lingus duopoly for the first time. With two routes and two planes, they carried 82,000 passengers in one year. Passenger numbers continued to increase, but the airline generally ran at a loss, and by 1991 was in need of restructuring. Michael O'Leary was charged with the task of making the airline profitable. He negotiated significant bonuses and profit-sharing deals for himself, conditional upon bringing the airline into profit. Ryan encouraged him to visit the USA to study the 'low fares/no frills' model being used by Southwest Airlines. O'Leary quickly learnt that the key to low fares was a quick turn-around time, no frills, and no business class, as well as operating only one model of aircraft. Ryanair Boeing 737-200.O'Leary returned convinced that Ryanair could make huge inroads into the European air market, at that time dominated by national carriers which were subsidised to various degrees by their parent countries. He competed with the major airlines by providing a no-frills, low cost, flexible and reliable service. Flights were scheduled into smaller airports, closer and more convenient for customers. He adopted a hands-on style of management, becoming well known for the fact that despite being Chief Executive, he regularly helped out with baggage handling on Ryanair flights at Dublin airport. He is said to have a pugnacious and aggressive management style, using a flat management hierarchy whose ethos is to provide a low cost, reliable and competitive service. By 1995, thanks to the consistent pursuit of this business model, Ryanair celebrated its 10th birthday by carrying 2.25 million passengers. It had become the largest carrier on all its routes. Deregulation and flotationAfter EU deregulation of the air industry in Europe in 1997, Ryanair was ready to take on the continent. After a highly successful flotation of Ryanair on the Dublin Stock Exchange and the NASDAQ Stock exchanges, the airline launched services to Stockholm, Oslo, Paris and Charleroi near Brussels. Flush with new capital, the airline placed a massive US$2 billion order for 45 new Boeing 737-800 series aircraft in 1998. The airline was voted Airline of the Year by the Irish Transport Users Committee and voted Best Managed National Airline by International Aviation Week magazine. The airline launched its website in 2000, with on line booking said to be a small and unimportant part of the software supporting the site. Some senior management saw the potential of online booking, but kept it low profile to avoid its elimination by the Chief Executive. Increasingly the online booking contributed to the aim of cutting flight prices by selling direct to passengers and excluding the costs imposed by travel agents. Within a year the website was handling three quarters of all bookings, and now accounts for 95% of the total. Michael O'Leary claimed that it was his idea from the start. Continental EuropeRyanair launched a new hub of operation in Brussels Charleroi in 2001. Later that year, the airline ordered 155 new Boeing 737-800 series aircraft from Boeing at what was believed to be a substantial discount, (taking advantage of the downturn in plane orders after the slump in air travel following the September 2001 terrorist attacks) to be delivered over eight years from 2002 to 2010. 100 of these aircraft will have been delivered by the end of 2005. In 2002 Ryanair launched 26 new routes and established a base in Frankfurt-Hahn Airport, its European expansion firmly on track. In 2003, Ryanair announced the order of a further 100 new Boeing 737-800 series aircraft from Boeing, and in February a third continental base was opened at Milan-Bergamo in Italy. In April Ryanair acquired its ailing competitor Buzz from KLM, at a knock-down price. Expansion continued apace with the launch of a base at Stockholm (Skavsta), Sweden. By the end of 2003, the airline flew 127 routes, of which 60 had opened in the previous 12 months. The airline launched two more bases in the first half of 2004, at Rome (Ciampino) and Barcelona (Girona), increasing the total to 11 hubs. Recent historyDuring 2004, Michael O'Leary warned of a 'bloodbath' during the winter from which only two or three low-cost airlines would emerge, the expectation being that these would be Ryanair and easyJet. A modest loss of € 3.3 million in the second quarter of 2004 was the airline's first recorded loss for 15 years, indicating turbulent times in the low fares market. However, the enlargement of the European Union in 2004 is expected to lead to more new routes as Ryanair and other budget airlines tap the markets of the EU accession countries. Since the accession countries joined the EU on 1 May 2004, Ryanair has opened new routes to three of the ten new EU member states. In February 2005 Ryanair announced an order for 70 further Boeing 737-800 aircraft with an option for a further 70. This is expected to allow Ryanair to increase passenger numbers from the 34 million expected in 2005 to 70 million in 2011 and creating 2,500 new jobs. Some of these aircraft would be deployed at Ryanair's 12 European bases, others to 10 new bases they intend to establish over the next seven years. The aircraft will be delivered without window shades, seat back recline and seat back pockets, which result in savings of several hundred thousand dollars per aircraft and give continued savings through reduced cleaning and repair costs. Growth and expansionRyanair has grown massively since its creation in 1985, from a small airline flying the short hop to London from Ireland into one of Europe's largest carriers. The driver of the growth has been Ryanair's CEO, Michael O'Leary. After taking the rapidly growing airline public in 1997 he used the money raised to expand the airline into a pan-European carrier. Revenues have risen from € 231 million in 1998 to some € 843 million in 2003, and net profits have increased from € 48 million to € 239 million over the same period. In an industry where the survival rate is 1 in 10 and where even the giants such as American Airlines and Delta struggle to keep in the black, Ryanair's success has confounded many industry analysts. However, it has been consistent with the growth of other no-frills airlines, such as Southwest and JetBlue, since the September 11, 2001 terrorist attacks. Ryanair's passenger numbers have grown by up to 25% every year for the best part of the last decade. Carrying under 0.7 million annually in its early years, passenger figures grew to 21.4 million in 2003. The rapid addition of new routes and new hubs has enabled this growth in passenger numbers, and Ryanair is now among the largest carriers on European routes. In August 2004, the airline carried 20% more passengers within Europe than British Airways did. CriticismsRyanair has been heavily criticised for many of its practices in the past. In a number of incidents it has responded stubbornly to relatively trivial matters, often to make a point about the constant need to avoid adding "frills" to its service. Critics have accused Ryanair of poor treatment of customers whose flights have been cancelled [5]. The airline refuses to provide accommodation or meal vouchers when flights are cancelled or delayed. Ryanair is often accused of flying to airports which, while cheap, are too far away from the cities they say they are serving. For example, the airline used to advertise a service to "Copenhagen", Denmark which actually flew to Malmö, in Sweden. This service is now advertised as Malmö. Legal actions forced name changes on routes previously referred to as "Düsseldorf (Niederrhein)" and "St. Etienne (Lyons)", but in other cases court actions have upheld the designated name of the route — this was the case for Frankfurt Hahn, over 100 km from central Frankfurt. Ryanair Boeing 737-200 landingAlso criticised are what are seen as vitriolic attacks on opponents, notably former Irish Minister for Transport Mary O'Rourke (1997-2002), who was personally ridiculed in a series of controversial newspaper advertisements when she refused to break up the state monopoly which then ran Irish airports, Aer Rianta (now largely restructured). (The break-up of Aer Rianta remains a high profile demand for Michael O'Leary. It is due to be implemented during 2005 under the State Airports Act 2004). Ryanair does not employ an advertising agency, instead producing all its advertising material in-house. Michael O'Leary often states that the airline goes to extremes to make a point, an approach which has resulted in Ryanair's advertising occasionally being considered offensive [6] [7]. The airline has been criticised for the age of its elderly Boeing 737-200 aircraft, which were bought second hand from Lufthansa and Britannia Airways. These aircraft date from the early 1980s and some industry observers believe that Ryanair has pushed them beyond their usable service life. Ryanair argues that the planes are well maintained, but has already scrapped a number of them for technical reasons. The airline announced in October 2004 that the remaining -200s will be disposed of by November 2005. Two of them are now in storage, and two have been sold off to other operators. Ryanair receives subsidies from some European airports, a situation which has been investigated by the European Commission. The EC believes that subsidies from state-owned airports are a breach of European Union competition rules. In February 2004 the European Commission ruled that Charleroi airport gave Ryanair illegal subsidies and ordered the airline to repay roughly € 4 million of subsidies. Walloon authorities who offered the subsidies were considering appealing against the ruling because of the roughly € 45 million that the airline route brings to the area every year. Ryanair has also come under fire from unions representing workers in the airline industry for refusing to recognise trade unions, and allegations of poor working conditions. Staff are banned from charging their own mobile phones at work to reduce the company's electricity bill [8], even though the cost savings by such measures are insignificant. Several successful actions have been brought against the company: On 25 January 2005 the Irish Labour Court guaranteed an investigation into allegations of victimisation of staff who wished to join a trade union [9]. In March of the same year, a Belgian court ruled that two sacked Belgian cabin staff who had been working out of the airport of Charleroi were entitled to protection under Belgian law, not Irish law as Ryanair had claimed [10]. The airline has come under heavy criticism in the past for its poor treatment of disabled passengers. In 2002 it refused to provide wheelchairs for disabled passengers at Stansted Airport, hugely angering disabled rights groups [11]. However, the airline argued that this provision was the responsibility of the airport authority stating that wheelchairs were provided by 87 of the 93 Ryanair destination airports. A court ruling in 2004 judged that the responsibility should be shared by the airline and the airport owners [12]. In 2002 Ryanair reneged on a promise of free flights given as a prize to the airline's one millionth passenger, Jane O'Keeffe. She received the prize in 1988, but the airline refused to carry her free of charge on a flight in 2002. The woman eventually went to court and won an award of £43,098. [13] [14] Accidents and Incidents
CompetitorsAmong Ryanair's main low-cost competitors are easyJet, Air Berlin, Germanwings and Transavia. In 2004 approximately 60 new low-cost airlines were formed. Despite traditionally being a full-service airline, Aer Lingus began to adopt a low-fares strategy in 2002, leading to much more intense competition with Ryanair on Irish routes – Ryanair's most profitable. In September 2004, Ryanair's biggest competitor, easyJet, announced routes to the Republic of Ireland for the first time, begining with the Cork to London Gatwick route – until then easyJet had never competed directly with Ryanair on its home ground. easyJet does fly from Aldergrove in Northern Ireland, but Ryanair does not operate there. The last low-cost airline to compete directly with Ryanair on the UK/Ireland routes was Go Fly – which had to pull out due to mounting losses. ServicesDestinations of Ryanair, hubs indicated in redMain article: Ryanair destinations Ryanair currently serves about 200 routes between 104 airports in 18 European countries. Its main hub is London Stansted Airport. Ryanair has other bases throughout Europe, at Brussels, Barcelona Girona, Dublin (DUB), Frankfurt am Main (HHN), London Luton Airport, Liverpool, Milan (BGY), Prestwick (PIK), Rome (CIA), Shannon International Airport and Stockholm Skavsta Airport. Most smaller airports Ryanair operates to are located farther from the city centres than their main airports. One exception is Gothenburg, Sweden, where Ryanair flies to the town's City Airport, 14 km from city centre. That's 11 km closer than the main Landvetter Airport. Of all Ryanair's routes, the Dublin-London route remains both the busiest and the most profitable. This is largely due to the number of Irish people who live in the UK – the amount of business and money traded between the two cities – and increasingly the number of Irish who use the route to make connecting flights to other places in Europe. The London-Dublin route is the busiest international route in the world after Hong Kong-Taipai. Ryanair's interactive destination map FleetThe Ryanair fleet consists of the following aircraft (at April 2005):
It currently has firm orders for an additional 225 Boeing 737-800 aircraft by 2010, with options on a further 193. On 13 June 2005 Ryanair confirmed a $286 million order for 5 Boeing 737-800 aircraft, which is a conversion of five existing options from an order in 2002. Ryanair's total firm orders stand at 230 and the newly ordered aircraft will be delivered in spring 2007 (ref: Air International, July 2005). External Links
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Ryanair's total firm orders stand at 230 and the newly ordered aircraft will be delivered in spring 2007 (ref: Air International, July 2005). All three NASA rovers have exceeded their planned missions both in distance travelled and operating time. On 13 June 2005 Ryanair confirmed a $286 million order for 5 Boeing 737-800 aircraft, which is a conversion of five existing options from an order in 2002. So far all Mars Rovers have been small robotic vehicles intended to travel only a few hundred meters. It currently has firm orders for an additional 225 Boeing 737-800 aircraft by 2010, with options on a further 193. Spirit landed in Gusev crater on January 3, 2004 and Opportunity landed in the Meridiani Planum on the opposite side of Mars from Spirit, on January 25, 2004. The Ryanair fleet consists of the following aircraft (at April 2005):. NASA used a new, larger design for the two Mars Exploration Rovers: Spirit launched on June 10, 2003 and Opportunity launched on July 7, 2003. Ryanair's interactive destination map. The first successful Mars Rover, called Sojourner, was sent to Mars by NASA on December 4, 1996 and successfully landed on Mars on July 4, 1997. The London-Dublin route is the busiest international route in the world after Hong Kong-Taipai. Both landers failed, however. This is largely due to the number of Irish people who live in the UK – the amount of business and money traded between the two cities – and increasingly the number of Irish who use the route to make connecting flights to other places in Europe. Five days later, its twin landed with the Mars 3 lander. Of all Ryanair's routes, the Dublin-London route remains both the busiest and the most profitable. The Soviet Union landed the first Mars rover when the Mars 2 lander touched down on November 27, 1971. That's 11 km closer than the main Landvetter Airport. Five rovers were sent and one is scheduled to be sent to Mars so far:. One exception is Gothenburg, Sweden, where Ryanair flies to the town's City Airport, 14 km from city centre. A Mars Rover is an unmanned land vehicle for exploration of the planet Mars. Most smaller airports Ryanair operates to are located farther from the city centres than their main airports. ExoMars Planning. Ryanair has other bases throughout Europe, at Brussels, Barcelona Girona, Dublin (DUB), Frankfurt am Main (HHN), London Luton Airport, Liverpool, Milan (BGY), Prestwick (PIK), Rome (CIA), Shannon International Airport and Stockholm Skavsta Airport. Mars Science Laboratory Planning. Its main hub is London Stansted Airport. Opportunity, Mars Exploration Rover, January 25, 2004. Ryanair currently serves about 200 routes between 104 airports in 18 European countries. Spirit, Mars Exploration Rover, January 4, 2004. Main article: Ryanair destinations. Sojourner, Mars Pathfinder, July 4, 1997. The last low-cost airline to compete directly with Ryanair on the UK/Ireland routes was Go Fly – which had to pull out due to mounting losses. Mars 3, December 2, 1971. easyJet does fly from Aldergrove in Northern Ireland, but Ryanair does not operate there. Mars 2, November 27, 1971. In September 2004, Ryanair's biggest competitor, easyJet, announced routes to the Republic of Ireland for the first time, begining with the Cork to London Gatwick route – until then easyJet had never competed directly with Ryanair on its home ground. Despite traditionally being a full-service airline, Aer Lingus began to adopt a low-fares strategy in 2002, leading to much more intense competition with Ryanair on Irish routes – Ryanair's most profitable. In 2004 approximately 60 new low-cost airlines were formed. Among Ryanair's main low-cost competitors are easyJet, Air Berlin, Germanwings and Transavia. [13] [14]. The woman eventually went to court and won an award of £43,098. She received the prize in 1988, but the airline refused to carry her free of charge on a flight in 2002. In 2002 Ryanair reneged on a promise of free flights given as a prize to the airline's one millionth passenger, Jane O'Keeffe. A court ruling in 2004 judged that the responsibility should be shared by the airline and the airport owners [12]. However, the airline argued that this provision was the responsibility of the airport authority stating that wheelchairs were provided by 87 of the 93 Ryanair destination airports. In 2002 it refused to provide wheelchairs for disabled passengers at Stansted Airport, hugely angering disabled rights groups [11]. The airline has come under heavy criticism in the past for its poor treatment of disabled passengers. In March of the same year, a Belgian court ruled that two sacked Belgian cabin staff who had been working out of the airport of Charleroi were entitled to protection under Belgian law, not Irish law as Ryanair had claimed [10]. Several successful actions have been brought against the company: On 25 January 2005 the Irish Labour Court guaranteed an investigation into allegations of victimisation of staff who wished to join a trade union [9]. Staff are banned from charging their own mobile phones at work to reduce the company's electricity bill [8], even though the cost savings by such measures are insignificant. Ryanair has also come under fire from unions representing workers in the airline industry for refusing to recognise trade unions, and allegations of poor working conditions. Walloon authorities who offered the subsidies were considering appealing against the ruling because of the roughly € 45 million that the airline route brings to the area every year. In February 2004 the European Commission ruled that Charleroi airport gave Ryanair illegal subsidies and ordered the airline to repay roughly € 4 million of subsidies. The EC believes that subsidies from state-owned airports are a breach of European Union competition rules. Ryanair receives subsidies from some European airports, a situation which has been investigated by the European Commission. Two of them are now in storage, and two have been sold off to other operators. The airline announced in October 2004 that the remaining -200s will be disposed of by November 2005. Ryanair argues that the planes are well maintained, but has already scrapped a number of them for technical reasons. These aircraft date from the early 1980s and some industry observers believe that Ryanair has pushed them beyond their usable service life. The airline has been criticised for the age of its elderly Boeing 737-200 aircraft, which were bought second hand from Lufthansa and Britannia Airways. Michael O'Leary often states that the airline goes to extremes to make a point, an approach which has resulted in Ryanair's advertising occasionally being considered offensive [6] [7]. Ryanair does not employ an advertising agency, instead producing all its advertising material in-house. It is due to be implemented during 2005 under the State Airports Act 2004). (The break-up of Aer Rianta remains a high profile demand for Michael O'Leary. Also criticised are what are seen as vitriolic attacks on opponents, notably former Irish Minister for Transport Mary O'Rourke (1997-2002), who was personally ridiculed in a series of controversial newspaper advertisements when she refused to break up the state monopoly which then ran Irish airports, Aer Rianta (now largely restructured). Etienne (Lyons)", but in other cases court actions have upheld the designated name of the route — this was the case for Frankfurt Hahn, over 100 km from central Frankfurt. Legal actions forced name changes on routes previously referred to as "Düsseldorf (Niederrhein)" and "St. This service is now advertised as Malmö. For example, the airline used to advertise a service to "Copenhagen", Denmark which actually flew to Malmö, in Sweden. Ryanair is often accused of flying to airports which, while cheap, are too far away from the cities they say they are serving. The airline refuses to provide accommodation or meal vouchers when flights are cancelled or delayed. Critics have accused Ryanair of poor treatment of customers whose flights have been cancelled [5]. In a number of incidents it has responded stubbornly to relatively trivial matters, often to make a point about the constant need to avoid adding "frills" to its service. Ryanair has been heavily criticised for many of its practices in the past. In August 2004, the airline carried 20% more passengers within Europe than British Airways did. The rapid addition of new routes and new hubs has enabled this growth in passenger numbers, and Ryanair is now among the largest carriers on European routes. Carrying under 0.7 million annually in its early years, passenger figures grew to 21.4 million in 2003. Ryanair's passenger numbers have grown by up to 25% every year for the best part of the last decade. However, it has been consistent with the growth of other no-frills airlines, such as Southwest and JetBlue, since the September 11, 2001 terrorist attacks. In an industry where the survival rate is 1 in 10 and where even the giants such as American Airlines and Delta struggle to keep in the black, Ryanair's success has confounded many industry analysts. Revenues have risen from € 231 million in 1998 to some € 843 million in 2003, and net profits have increased from € 48 million to € 239 million over the same period. After taking the rapidly growing airline public in 1997 he used the money raised to expand the airline into a pan-European carrier. The driver of the growth has been Ryanair's CEO, Michael O'Leary. Ryanair has grown massively since its creation in 1985, from a small airline flying the short hop to London from Ireland into one of Europe's largest carriers. The aircraft will be delivered without window shades, seat back recline and seat back pockets, which result in savings of several hundred thousand dollars per aircraft and give continued savings through reduced cleaning and repair costs. Some of these aircraft would be deployed at Ryanair's 12 European bases, others to 10 new bases they intend to establish over the next seven years. This is expected to allow Ryanair to increase passenger numbers from the 34 million expected in 2005 to 70 million in 2011 and creating 2,500 new jobs. In February 2005 Ryanair announced an order for 70 further Boeing 737-800 aircraft with an option for a further 70. Since the accession countries joined the EU on 1 May 2004, Ryanair has opened new routes to three of the ten new EU member states. However, the enlargement of the European Union in 2004 is expected to lead to more new routes as Ryanair and other budget airlines tap the markets of the EU accession countries. A modest loss of € 3.3 million in the second quarter of 2004 was the airline's first recorded loss for 15 years, indicating turbulent times in the low fares market. During 2004, Michael O'Leary warned of a 'bloodbath' during the winter from which only two or three low-cost airlines would emerge, the expectation being that these would be Ryanair and easyJet. The airline launched two more bases in the first half of 2004, at Rome (Ciampino) and Barcelona (Girona), increasing the total to 11 hubs. By the end of 2003, the airline flew 127 routes, of which 60 had opened in the previous 12 months. Expansion continued apace with the launch of a base at Stockholm (Skavsta), Sweden. In April Ryanair acquired its ailing competitor Buzz from KLM, at a knock-down price. In 2003, Ryanair announced the order of a further 100 new Boeing 737-800 series aircraft from Boeing, and in February a third continental base was opened at Milan-Bergamo in Italy. In 2002 Ryanair launched 26 new routes and established a base in Frankfurt-Hahn Airport, its European expansion firmly on track. 100 of these aircraft will have been delivered by the end of 2005. Later that year, the airline ordered 155 new Boeing 737-800 series aircraft from Boeing at what was believed to be a substantial discount, (taking advantage of the downturn in plane orders after the slump in air travel following the September 2001 terrorist attacks) to be delivered over eight years from 2002 to 2010. Ryanair launched a new hub of operation in Brussels Charleroi in 2001. Michael O'Leary claimed that it was his idea from the start. Within a year the website was handling three quarters of all bookings, and now accounts for 95% of the total. Increasingly the online booking contributed to the aim of cutting flight prices by selling direct to passengers and excluding the costs imposed by travel agents. Some senior management saw the potential of online booking, but kept it low profile to avoid its elimination by the Chief Executive. The airline launched its website in 2000, with on line booking said to be a small and unimportant part of the software supporting the site. The airline was voted Airline of the Year by the Irish Transport Users Committee and voted Best Managed National Airline by International Aviation Week magazine. Flush with new capital, the airline placed a massive US$2 billion order for 45 new Boeing 737-800 series aircraft in 1998. After a highly successful flotation of Ryanair on the Dublin Stock Exchange and the NASDAQ Stock exchanges, the airline launched services to Stockholm, Oslo, Paris and Charleroi near Brussels. After EU deregulation of the air industry in Europe in 1997, Ryanair was ready to take on the continent.
He adopted a hands-on style of management, becoming well known for the fact that despite being Chief Executive, he regularly helped out with baggage handling on Ryanair flights at Dublin airport. Flights were scheduled into smaller airports, closer and more convenient for customers. He competed with the major airlines by providing a no-frills, low cost, flexible and reliable service. O'Leary returned convinced that Ryanair could make huge inroads into the European air market, at that time dominated by national carriers which were subsidised to various degrees by their parent countries. O'Leary quickly learnt that the key to low fares was a quick turn-around time, no frills, and no business class, as well as operating only one model of aircraft. Ryan encouraged him to visit the USA to study the 'low fares/no frills' model being used by Southwest Airlines. He negotiated significant bonuses and profit-sharing deals for himself, conditional upon bringing the airline into profit. Michael O'Leary was charged with the task of making the airline profitable. Passenger numbers continued to increase, but the airline generally ran at a loss, and by 1991 was in need of restructuring. With two routes and two planes, they carried 82,000 passengers in one year. In 1986 the company added a second route - flying Dublin-London Luton in competition to the BA/Aer Lingus duopoly for the first time. The airline began with a 15 seat turboprop aircraft flying between Waterford and London Gatwick with the aim of breaking the duopoly on London-Ireland flights at that time held by British Airways and Aer Lingus. Ryanair was founded in 1985 by Irish businessman Tony Ryan. . Critics, meanwhile, have attacked its trade union policies [3], and have charged that it practises deceptive advertising [4]. Its supporters praise its commitment to exceptionally low fares, its radical management, its populism, and its willingness to challenge what Ryanair calls the 'establishment' within the airline industry (similar to its American counterpart, Southwest Airlines). Ryanair is one of Europe's most controversial companies, praised and criticised in equal measure [2]. Ryanair has been characterised by rapid and continuing expansion, enabled by the deregulation of the air industry in Europe in 1997. Over the years it has evolved into the world's most profitable airline [1], running at remarkable margins by relentlessly driving costs down. It is Europe's largest low-cost carrier, operating 209 low-fare routes to 94 destinations across 17 European countries. Ryanair (ISEQ: RYA) LSE: RYA (NASDAQ: RYAAY) is an airline based in Ireland. Ryan-Be-Fair. The financial operations of Ryanair. Ryanair Passenger Opinions. Ryanair Fleet Detail. Ryanair. 76 Boeing 737-800 (further 6 on order). 1 Boeing 737-400. 7 Boeing 737-200. [15]. Subsequent media reports suggested that the man was going to hijack the aircraft and fly it into the United States Embassy in London. Ryanair Flight 685 from Stockholm's Vasteras airport to London Stansted in September 1, 2002 was delayed by several hours after a Swedish man of Arabic origin was detained after attempting to board the aircraft with a loaded gun. The UK Air Accident Investigation Board recommended changes to training procedures for air-crew to allow better handling of similar situations in future. Subsequent investigations found that the air crew struggled to open the emergency doors, and some passengers were evacuated towards the fire. Ryanair Flight 296 (Boeing 737-800) from Dublin to London Stansted caught fire shortly after landing on February 27, 2002. Callsign: Ryanair. ICAO Code: RYR. IATA Code: FR. |