| Business Summary | | Ryanair
Holdings
Inc.
is
a
low-fares
airline
offering
routes
to
various
destinations
throughout
the
British
Isles
and
Continental
Europe.
The
Company's
principal
business
is
a
"low-cost/no-frills"
route
between
Dublin,
Ireland,
and
London,
England's
Gatwick
Airport.
In
February
2000,
Ryanair
announced
the
launch
of
10
new
European
routes
for
summer
2000,
with
services
from
London
(Stansted)
to
Malmo
in
Sweden;
Hamburg
(Lübeck)
in
Germany;
Verona
(Brescia),
Sardinia
(Alghero)
and
Southern
Italy
(Lamezia)
in
Italy;
Provence
(Nimes)
and
Perpignan
in
France,
and
Shannon
in
Ireland.
The
airline
also
launched
two
new
low-fare
services
from
Frankfurt
(Hahn)
to
Shannon
in
Ireland
and
to
Glasgow
(Prestwick)
in
Scotland.
The
total
network
is
currently
over
45
routes
across
11
countries
served
with
a
fleet
of
31
aircraft.
Passengers
can
also
now
obtain
tickets
by
booking
them
directly
at
www.Ryanair.com. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Ryanair
operates
a
low-fares,
no-frills
scheduled
passenger
airline
serving
short-haul,
point-to-point
routes
primarily
between
Ireland
and
the
U.K.
For
the
three
months
ended
6/30/01,
revenues
increased
31%
to
EUR150.8
million.
Net
income
according
to
U.S.
GAAP
increased
15%
to
EUR23.4
million.
Results
reflect
the
successful
roll
out
of
low
fares
formula
on
13
new
routes
across
Europe,
partially
offset
by
an
increase
in
staff
cost
and
higher
fuel
expense. | More
from
Market Guide: Significant
Developments |
| Officers | |
| Position | David Bonderman | Chairman | Michael O'Leary | CEO | Michael Cawley | CFO |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|