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

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 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.

After the rapidly growing airline went public in 1997, the money raised was used to expand the airline into a pan-European carrier.

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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.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.After the rapidly growing airline went public in 1997, the money raised was used to expand the airline into a pan-European carrier.

.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.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 to €3,013 million in 2010.

The rapid addition of new routes and new bases has enabled growth in passenger numbers and made Ryanair among the largest carriers on European routes.

In August 2005, the airline claimed to have carried 20% more passengers within Europe than British Airways.

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 to Luton, thus directly competing with the Aer Lingus/British Airways duopoly for the first time.

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