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14-Apr-2017 12:27

By 1995, after the consistent pursuit of its low-cost business model, Ryanair celebrated its 10th birthday by carrying 2.25 million passengers.

In 1992, the European Union's deregulation of the air industry in Europe gave carriers from one EU country the right to operate scheduled services between other EU states and represented a major opportunity for Ryanair.

Most employees are employed and contracted by multiple agencies to fly on Ryanair aircraft.

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Revenues have risen from €231 million in 1998 to €1,843 million in 2003 and to €3,013 million in 2010.

O´Leary was charged with the task of making the airline profitable. 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.



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