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Similarly net profits have increased from €48 million to €339 million over the same period.
In 1986, the company added a second route – flying Dublin–Luton in direct competition with the Aer Lingus / British Airways duopoly for the first time.
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.
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.
Later that year, the airline ordered 155 new 737-800 aircraft from Boeing at what was believed to be a substantial discount, to be delivered over eight years from 2002 to 2010.The new airline would carry over 50 million passengers a year.In August 2006, the company started charging passengers to check in at the airport, therefore reversing its policy of paying for online check-in.O´Leary was charged with the task of making the airline profitable.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.