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After the rapidly growing airline went public in 1997, the money raised was used to expand the airline into a pan-European carrier.
Revenues have risen from €231 million in 1998, to €1,843 million in 2003 and €3,013 million in 2010.
Flights were scheduled into regional airports, which offered lower landing and handling charges than larger established international airports.
O'Leary as Chief Executive took part in a publicity stunt, where he helped out with baggage handling on Ryanair flights at Dublin Airport.
Under partial EU deregulation, airlines could begin new international intra-EU services, as long as at least one of the two governments gave approval (the so-called "double-disapproval" regime).
The Irish government at the time refused its approval, to protect Aer Lingus, but Britain, under Margaret Thatcher's deregulating Conservative government, approved the service.
The airline launched its website in 2000, with online booking initially said to be a small and unimportant part of the software supporting the site.
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.
He is also the owner of Leading Edge Strategies, a top aviation management training and consulting company and the author of Practical Aviation Security: Predicting and Preventing Future Threats; And Captain Tom Bunn flew the American Air Force’s first supersonic jet fighter, the F-100, and later went on to fly commercial jets for many years.
He is also a licensed therapist and president and founder of SOAR, a company that helps people overcome their fear of flying.