As major Airlines are suffering losses and parking their planes in hangers, low-cost Irish airline, Ryanair Holdings Plc is expected to surpass Europe's largest Airlines.

As per an estimate, Dublin-based Ryanair may possibly post net income around 143 million euros, whereas big carriers such as British Airways Plc are believed to report losses in their quarterly report this week.

Figures compiled by IATA, suggest business could plunge 15%, making big Airlines to suffer a loss worth $9 billion in the present year.

Low cost carriers like EasyJet Plc and Ryanair are expanding their businesses during recession in contrast to big carriers, which are hacking flights to make pace with the soaring costs. For instance, Lufthansa is getting rid of its 25 aircrafts in 2009.

It is worth mentioning here that Ryanair has imposed supplementary fees for some voluntary services like baggage carriage, snacks and use of phone.

Michael O'Leary, CEO of Ryanair is expending his jurisdiction by grabbing the worst victim of the recession.

Peter Morris, an economist, said, "The low-cost carriers are like the hyenas of the pack, looking for where the best carcasses are."

However, Ryanair has informed that its talks with Boeing Co and Airbus regarding 100 jet orders were still in the first round.

In Dublin trading, Ryanair grew 13%, While Lufthansa, British Airways and Air France dropped 14%, 24% and 3.5% respectively.