LYCOS RETRIEVER 
Ryanair: Dublin Airport
built 274 days ago
When the news broke on March 8th that the airport was going back to work and there had been a deal, more than a few delighted union members thought that Ryanair had given up and recognised SIPTU. Then confusion set in. The baggage handlers had been reinstated but Ryanair had not recognised the union - the strike had achieved no more than a return to the situation earlier that week.
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In the 1997-98 fiscal year, Ryanair flew more than four million people, generating sales of £182.6 million. In May 1997, the company listed shares on the Dublin and Nasdaq stock markets. The Ryan family owned about 40 percent after the offering, worth £100 million; they had pulled £110 million from the company to that point. O'Leary owned 14 percent, and employees received bonuses from £2,500 to £5,000. Through the flotation, Bonderman maneuvered a £1 million investment into a £50 million shareholding, according to the Sunday Times.
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Ryanair serves 516 routes from 24 hubs. Its main hub is London Stansted Airport, with 88 routes. Ryanair has other hubs throughout Europe, at Dublin, Brussels South Charleroi Airport, Cork, Frankfurt-Hahn, Girona, London Luton, Liverpool, Milan Orio al Serio, Pisa, East Midlands, Glasgow Prestwick, Rome Ciampino, Shannon, Stockholm Skavsta, Marseille Provence, Madrid Barajas, Bremen, Weeze, Belfast City,Bournemouth, Valencia and Birmingham Airport.
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[One] problem with Ryanair is that they often don't fly to the destination you are aiming for. In particular their 'Barcelona' airports (listed as 'Barcelona (Girona)' and 'Barcelona (Reus)' on their site) are 100km away from the city of Barcelona. Getting there is costly and wastes a lot of time.
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Ryanair looked for a hub in continental Europe to find respite from Aer Rianta's high costs and threw its support behind a proposal (Huntstown Air Park) to build a second airport in Dublin. Ryanair was pitching proposals to build or fund its own terminal there in exchange for reduced landing fees. Dublin Airport had fees nearly three times higher than average. Aer Rianta, which ... owned eight Great Southern hotels, was slated for 2002, and the government seemed wary of doing anything to devalue this asset (via breaking its monopoly) before its sale.
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On 16 May, Ryanair launched a seat sale with fees, taxes and charges waived. A small number of destinations, including Dublin, were offered with 1 million seats for 1 penny or 1 Euro cent. Ryanair's website crashed as it received four million hits from bargain hunters. The sale lasted until the following Monday with just over half a million free seats taken up.
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