For those of you who have never heard of Ryanair, it is a low cost airline, based in Ireland. They are one of the world’s largest airlines with just under 58m passengers carried in 2008 and with a market cap bigger than British Airways, Virgin, United Airlines and all the other publically traded big name airlines.
Ryanair is foreasting a net profit of 388m euros for this financial year. It has a cash balance of 2.5bn euros and a net debt of just 105m euros. It is a robust business capable …