Air Transport World

Ryanair: article)

Ryanair maintained its position as Europe's largest low-fare carrier and the continent's most profitable airline in terms of margins. It carried just under 35 million passengers in the financial year ended March 31 on 333 routes across 23 European countries, a 27% increase on the prior year when it carried 27 million passengers. It reported a net profit of [euro]306.7 million ($370.4 million) for the fiscal year ended March 31, 2006, up 9.5%, on a 28% gain in revenues to [euro]1.69 billion. The after-tax margin was an impressive 18%.

To live up to its ambitions of doubling in size to more than 70 million yearly passengers by 2012, the LCC continues its aggressive expansion. In November it launched Pisa as its 14th European base, in February it opened its 15th at Nottingham East Midlands and in May it named Marseilles as its 16th. …

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