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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.is an Irish low-cost airline founded in 1984, headquartered in Swords, Dublin, Ireland, with its primary operational bases at Dublin and London Stansted airports.In 2016, Ryanair was the largest European airline by scheduled passengers flown, and carried more international passengers than any other airline.The airline has been characterised by its rapid expansion, a result of the deregulation of the aviation industry in Europe in 1997 and the success of its low-cost business model.Ryanair's route network serves 37 countries in Europe, Africa (Morocco), and the Middle East (Israel and Jordan).

In August 2006, the company started charging passengers to check in at the airport, therefore reversing its policy of paying for online check-in.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.Increasingly the online booking contributed to the aim of cutting flight prices by selling directly to passengers and excluding the costs imposed by travel agents.Within a year, the website was handling three-quarters of all bookings.

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