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A loss of €3.3 million in the second quarter of 2004 was the airline's first recorded loss for 15 years but the airline became profitable soon after.

The enlargement of the European Union on opened the way to more new routes for Ryanair.

Flights were scheduled into regional airports, which offered lower landing and handling charges than larger established international airports.

O'Leary as Chief Executive took part in a publicity stunt, where he helped out with baggage handling on Ryanair flights at Dublin Airport.

The airline has been characterised by its rapid expansion, a result of the deregulation of the aviation industry in Europe in 1997 and the success of its low-cost business model.

Ryanair's route network serves 34 countries in Europe, Africa (Morocco), and the Middle East (Israel and Jordan).

After a successful flotation on the Dublin Stock Exchange and the NASDAQ Stock exchanges, the airline launched services to Stockholm, Sandefjord Airport, Torp (110 km south of Oslo), Beauvais–Tillé and Charleroi near Brussels.

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He competed with the major airlines by providing a "no-frills", low-cost service.

Increasingly the online booking contributed to the aim of cutting flight prices by selling directly to passengers and excluding the costs imposed by travel agents.

Within a year, the website was handling three-quarters of all bookings.

Ryanair denied the allegations On 5 October 2006, Ryanair launched a €1.48 billion (£1 billion;

He competed with the major airlines by providing a "no-frills", low-cost service.

Increasingly the online booking contributed to the aim of cutting flight prices by selling directly to passengers and excluding the costs imposed by travel agents.

Within a year, the website was handling three-quarters of all bookings.

Ryanair denied the allegations On 5 October 2006, Ryanair launched a €1.48 billion (£1 billion; $1.9 billion) bid to buy fellow Irish carrier Aer Lingus.

Ryanair CEO Michael O'Leary said the move was a "unique opportunity" to form an Irish airline.

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He competed with the major airlines by providing a "no-frills", low-cost service.Increasingly the online booking contributed to the aim of cutting flight prices by selling directly to passengers and excluding the costs imposed by travel agents.Within a year, the website was handling three-quarters of all bookings.Ryanair denied the allegations On 5 October 2006, Ryanair launched a €1.48 billion (£1 billion; $1.9 billion) bid to buy fellow Irish carrier Aer Lingus.Ryanair CEO Michael O'Leary said the move was a "unique opportunity" to form an Irish airline.

.9 billion) bid to buy fellow Irish carrier Aer Lingus.

Ryanair CEO Michael O'Leary said the move was a "unique opportunity" to form an Irish airline.

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