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1. Introduction
Ryanair is an Irish airline headquartered in Dublin, with its biggest operational base situated in London Stansted airport in the UK. Ryanair has grown massively since its establishment in 1985, from a small airline flying a short hop from Waterford to London, into one of Europe's largest carriers. Nowadays, Ryanair is Europe’s leading low-cost airline with 437 routes in 24 countries and an annual profit of ￡306,712,000 (Ryanair, 2006). After a 20 per cent rise in passenger numbers during last six months, 2007 full-year net profits of Ryanair were re-set to rise 17.5 per cent to ￡326 million which higher than the previous forecast ￡305 millions (METRO,2007). Ryanair is one of the most successful airlines whether in terms of profits, number of flights, number of passengers flown. Its success has confounded many industry analysts. In order to understand Ryanair, following report will analyse its environments step by step and give appraisals.
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Approximate Word Count: 2309
Approximate Pages: 10 (250 words per double-spaced page)

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