Can RyanAir survive without public subsidies -- analysis by @Airobserver and @WhichBudget

Devesh Agarwal, Ryanair

RyanAir has often been credited with being virtually unstoppable thanks to a highly efficient operation.

However, as the WhichBudget website explains

While Ryanair declared €663m of ancillary revenues in its last annual report in 2009, Ryanair earned more than €664m in subsidies the same year. It means that subsidies are at least as important as ancillary revenues and represent around 22% of Ryanair’s revenues.

The story is based on an extensive analysis by Roman the AirObserver. We strongly recommend a reading of the analysis.

Do also take the time to visit the AirObserver site.

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