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Article: Planemakers should call Ryanair's bluff.(Business)
- Article from:
- Daily Post (Liverpool, England)
- Article date:
- November 4, 2009
CopyrightCOPYRIGHT 2009 MGN Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Bill Gleeson
RYANAIR is an odd brand. While for many the no-frills operator, one of the biggest at Liverpool John Lennon Airport, is a byword for hidden charges and poor customer service, it is undeniably a successful business.
The fast-growing Irish carrier is now the biggest short-haul operator in Europe, trumping national flag carriers like BA and Air France.
Its half-year financial results, published earlier this week, show a business performance that all of its rivals would envy. In the six months to the end of September, Ryanair made pre-tax profit of euro419m on turnover of euro1.7bn. That's a whopping 24% margin.
That ...