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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.

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.

O'Leary quickly decided that the key to profitability was low fares, quick turn-around times for aircraft, "no frills" and no business class, as well as operating a single model of aircraft.On 13 February 2006, Britain's Channel 4 broadcast a documentary as part of its Dispatches series, "Ryanair caught napping".The documentary criticised Ryanair's training policies, security procedures and aircraft hygiene, and highlighted poor staff morale.After a successful flotation on the Dublin Stock Exchange and the NASDAQ Stock exchanges, the airline launched services to Stockholm, Sandefjord Airport, Torp (110 km south of Oslo), Beauvais–Tillé and Charleroi near Brussels.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.

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