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10 Introduction 11 About the Company Ryanair operates a low-fares scheduled passenger airline serving short-haul point-to-point routes in Europe Its been in operation since 1985 and pioneered the low fares operation model by the 1990s According to statistics obtained from the companys website its Europes biggest low fares airline the most successful and dynamic as well as the number one in customer service This is evidence in the fact that it has consistently achieved a compound annual growth of 20 since 1991 with a current market capitalisation of 5bn ahead of British Airways 43bn Lufthansa 47bn and Air FranceKLM 35bn and with statistics in customer service of 932 on time departures 064 of bags missing per 1000 passengers and 998 on flight completions Ryanair Provides flights across 21 European countries with operations in 107 airports throughout Europe including 24 locations in the UK and Ireland By the end of March 2006 it will operate a fleet of 107 new Boeing 737-800 aircrafts with orders for a further 70 new Boeing 737-800 Currently Ryanair carries over 35m passengers cross 21 European countries and over 267 low fare routes at the lowest price Current employment stands at 3000 comprising of over 25 different nationalities The company recently announced a recorded half year profit figure year 2006 of 237million with a traffic growth of 29 to 18million passengers Its current market performance is illustrated in the table below Summary Table of Results IFRS - in Euro Half Year EndedSept 30 2004Sept 302005 Increase Passengers140m180m29 Revenue 7103m 9462m33 Profit after Tax note 1 2012m 2370m18 Basic EPS Euro Cents note12649310017 Note 1 Adjusted profit after tax and EPS during the half year ended 30 September 2005 excludes a receipt net of tax of 52m arising from the settlement of an insurance claim for the scribing of 6 Boeing 737-200 aircraft httpwwwryanaircomsiteENnewsphpyr05monthnovstoryreg-en-071105 12 Objectives
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