What type of business is ryanair

Luton, United Kingdom. Add Comparison. Ryanair Competitors Ryanair Executive Team 16 Update this profile. Ryanair Board Members Ryanair Signals. Growth Rate 0. Weekly Growth 0. Size Multiple x Median. Key Data Points Twitter Followers 5. Similarweb Unique Visitors Majestic Referring Domains Ryanair Subsidiaries 2. Ryanair Exits 1. Contact Us info pitchbook.

Terms of Use Privacy Policy. Wizz Air. Corporate Backed or Acquired. Remember Me. Lost your password? Launched 30 years ago, the Irish low-cost carrier Ryanair disrupted the European airline industry and started the low-cost revolution in Europe. Behind the success of Ryanair is the very effective alignment of its customer value proposition with its low-cost operating model. S-based airline Southwest. Ryanair targets customers who might otherwise choose alternative modes of transportation or not travel at all [1].

The company focuses mostly on inter-European, short-haul flights. Operating Model: Structure:. Similarly, because the business model is centered on low prices, the value proposition means that customers have lower quality expectations, which in turn allows the company to not offer free checked-in luggage or meals, something that leads to even lower costs and prices [2]. This allowed the company to significantly reduce their costs. Ryanair is currently undergoing a shift in its strategy: It is now aiming to improve its customer service and target business travelers [5].

K67 NY Executive Leadership. Stan Mccarthy. Non-Executive Independent Chairman of the Board. Michael Kevin O'leary. Edward Wilson. Chief Executive Officer. Tracey Mccann. Ryanair Chief Financial Officer. Neil Sorahan. Group Chief Financial Officer. New Stories. Irish airline Ryanair is launching a legal challenge against Britain over its "traffic light" system for international travel, hoping to force a relaxation of strict rules that threaten the summer holiday season.

Ryanair recorded its first loss for the key summer period in 30 years as a result of the coronavirus crisis, which threatens to cut passenger numbers to half pre-pandemic levels next year. Ireland's Ryanair Holdings PLC posted a loss for its key summer period for the first time in decades on Monday, and said it may have to cut capacity further this winter as a second wave of COVID infections sparks fresh lockdowns across Europe.

Ryanair overtakes Aer Lingus and British Airways to become the largest passenger airline on the Dublin-London route the biggest international scheduled route in Europe. In September Ryanair becomes the first low fares airline to operate a domestic route in the UK with low fare flights from London Stansted to Glasgow Prestwick.

Ryanair celebrates its 10th birthday with a big party in Lansdowne Rugby Club, but few people remember it!!! We buy 4 more Boeing s from Transavia bringing the fleet to 11 aircraft in , and traffic for the year exceeds 2m.

Ryanair takes delivery of its first Boeing in January and launches two new routes from Dublin to Manchester and Glasgow Prestwick in April. A total of 8 x s are delivered during the year and replace the old BAC s, the last of which are retired from the fleet at the year end. Ryanair launches its first new route for 5 years with daily flights from Dublin to Birmingham.

We go ahead anyway. In December Ryanair announces a deal to buy a fleet of six Boeing aircraft direct from Boeing. These aircraft were previously operated by the UK charter company Britannia, and allow Ryanair to start replacing the old BAC jets, all of which are scheduled for redelivery or retirement in Thanks to continuing growth, we carry over 1 million passengers in one year for the first time.

Ryanair continues to restructure cutting back routes and fleet. We increase the jet fleet from 6 to 7 BAC s, increase frequencies and lower fares.

In August we carry over , passengers in one month for the first time in our history. The Gulf War breaks out in January causing passenger traffic to collapse. Tanks are stationed outside the major London airports.

We respond by lowering air fares and we get rid of our turbo props by returning 3 x ATR 42s to their owners, a decision which results in our withdrawal from regional routes to Kerry, Galway and Waterford airports. Stansted was developed by the BAA to become the third main airport for London and has a fantastic new terminal and a direct rail link to the centre of London Liverpool Street Station.

Due to continuing losses the business class product is abandoned and the Frequent Flyer Club closed. Ryanair launches a business class service and a Frequent Flyer Club, neither of which prove particularly successful. Ryanair acquires its first jet aircraft by leasing three BAC aircraft from the Romanian state airline, Tarom.