If one wants to find out that how Irish is Ryanair, an airline which has it's headquarter in Dublin and run by one of Ireland's most prominent businessmen it is very, according to the man himself.

The low cost airline company RyanAir Holdings Plc reportedly increased passenger numbers by 11% to 72.7 million while EasyJet Plc boosted the number by 7.9% to 49.7 million last year, extending its lead over its UK rival British Airways plc in the European short-haul market.

Continued increase in the passenger numbers and an increase in fares have buoyed the revenues for the Ryanair Airlines. The low cost of the airline has raised the earnings for the year estimated above the top end of the range.

The largest discount airline of Europe called Ryanair Holdings Plc. has witnessed thirty two percent more profits in the second quarter. The company has increase its annual earnings target as it carried more passengers in this year so far and increased its air tickets’ prices.

Michael O’Leary, CEO, Ryanair, in what could be one of the most preposterous statements he has yet made, stated that 'Why does every plane have two pilots? Really, you only need one pilot.’

Ryanair has proclaimed a cut in the services to be provided in the upcoming winter season, given the imposition of the tourist tax by the Government.

The company announced that it will reduce the passenger lot by more than 16% this November. This reduction will account to a cut of nearly two million passengers travelling to UK.

It was confirmed yesterday that Ryanair will pay a €500m (£341m) one-off dividend in October. The dividend is still subject to the approval of shareholders.

This is the first dividend Ryanair will be offering since its inception in 1997. The Company is also going slow on its rapid expansion plans.

Ryanair Holdings Plc, Europe's largest no-frills airline, on Tuesday swung to a full fiscal-year net profit, announcing its first dividend since it went public in 1997, as lower fuel costs and robust traffic growth assisted it return to an annual profit.

Ryanair Holdings PLC announced that it would compensate passengers for the costs of being stranded by the ash cloud. The cloud had closed airspace over most of northern and central Europe for six days.

Ryanair is pursuing talks with Boeing, these days, to introduce coin operated toilets and decrease the number of conveniences to just one in one plane for 189 passengers.

Following this, the airline service provider has today announced its plans to raise the luggage charges temporarily for the summer holiday season, under its money-making scheme.