Ryanair is an airline based in Ireland. It is Europe's largest
low-cost carrier, operating 209 low-fare routes to 94 destinations
across 17 European countries. Over the years it has evolved into the
world's most profitable airline, running at remarkable margins by
relentlessly driving costs down. Ryanair has been characterised by
rapid and continuing expansion, enabled by the deregulation of the air
industry in Europe in 1997. It operates a fleet of 74 Boeing 737s, and
currently has firm orders for an additional 225 Boeing 737-800
airplanes by 2010, with options on a further 193. Ryanair is one of
Europe's most controversial companies, praised and criticised in equal
measure. Its supporters praise its commitment to exceptionally low
fares, its radical management, its populism, and its willingness to
challenge what Ryanair calls the 'establishment' within the airline
industry. Critics, meanwhile, have attacked its labor union policies,
and have charged that it practises deceptive advertising.
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Today's selected anniversaries:
Mexican Revolution leader Emiliano Zapata was shot dead.
The Axis Powers established the Independent State of Croatia.
Akihito, future Emperor of Japan, weds Michiko.
The submarine USS Thresher was lost at sea, with all hands.
The Belfast Agreement was signed
Wikiquote of the day:
"The love of liberty is the love of others; the love of power is the
love of ourselves." -- William Hazlitt