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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.

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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.

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.

With two routes and two planes, the fledgling airline carried 82,000 passengers in one year.

Ryanair passenger numbers continued to increase, but the airline generally ran at a loss and, by 1991, was in need of restructuring including the closure of Ryanair Europe/London European.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.Ryanair has grown from a small airline flying the short journey from Waterford to London into Europe's largest carrier.Ryanair now has over 11,000 people working for the company, most of whom are employed and contracted by multiple agencies to fly on Ryanair aircraft, or, as is the case for pilots, the vast majority are either agency employed or self-employed and their services are contracted to Ryanair.Under partial EU deregulation, airlines could begin new international intra-EU services, as long as at least one of the two governments gave approval (the so-called "double-disapproval" regime).

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