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"The Irish airline industry as well as the Irish economy has been getting blasted from all sides but so long as they're still operational in ealry February to bring in some of the world's top entrepreneurs for The Irish Entrepreneur Superconference - http://LifeLastingSuccess.com (CLICK HERE) - then all is not lost.
"Ryanair is a rare beast.
There's an old joke which says that the best way to make millions is to start with a billion and then buy an airline!
Traditionally, the biggest problem faced by any profit-seeking European airline, asides from wildly fluctuating oil prices, is competition from the cartel of state-owned national airlines. These firms have a big share of the market, keep the best takeoff and landing slots for themselves and have been fairly unconcerned about making money because politicians like having a national airline to "fly the flag" and are happy to saddle their poor old taxpayers with their losses.
In recent years the European airline business has been disrupted by the entry of innovative low-cost carriers. These firms, unlike their incumbent competitors, aren't burdened with historic liabilities such as British Airways' (LSE: BAY) £3.7 billion pension scheme deficit. Furthermore they don't have to deal with troublesome trade unions.
One of the best-known low-cost carriers is Ireland's Ryanair (LSE: RYA), led by Michael O'Leary who is best known for his controversial statements, such as the classic "The best thing we can do with environmentalists is shoot them. These headbangers want to make air travel the preserve of the rich. They are Luddites marching us back to the 18th century."
Ryanair makes money for its shareholders and O'Leary and his team keep a firm hand on its costs and thus its profitability"
Making money right now is something to be proud of. If you'd like to making more though, then don't miss the Irish Entrepreneur Superconference - CLICK HERE >> http://LifeLastingSuccess.com
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