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O'Leary as Chief Executive took part in a publicity stunt, where he helped out with baggage handling on Ryanair flights at Dublin Airport.Similarly net profits have increased from €48 million to €339 million over the same period.In 1986, the company added a second route – flying Dublin–Luton in direct competition with the Aer Lingus / British Airways duopoly for the first time.O'Leary returned from a visit to Southwest Airlines 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 service.After the rapidly growing airline went public in 1997, the money raised was used to expand the airline into a pan-European carrier.
Revenues have risen from €231 million in 1998, to €1,843 million in 2003 and €3,013 million in 2010.
is an Irish low-cost airline founded in 1984, headquartered in Swords, Dublin, Ireland, with its primary operational bases at Dublin and London Stansted airports.
In 2016, Ryanair was the largest European airline by scheduled passengers flown, and carried more international passengers than any other airline.
O´Leary was charged with the task of making the airline profitable.
O'Leary quickly decided that the key to profitability was low fares, quick turn-around times for aircraft, "no frills" and no business class, as well as operating a single model of aircraft.
By 1995, after the consistent pursuit of its low-cost business model, Ryanair celebrated its 10th birthday by carrying 2.25 million passengers.