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A loss of €3.3 million in the second quarter of 2004 was the airline's first recorded loss for 15 years but the airline became profitable soon after.The enlargement of the European Union on opened the way to more new routes for Ryanair.Increasingly the online booking contributed to the aim of cutting flight prices by selling directly to passengers and excluding the costs imposed by travel agents.Within a year, the website was handling three-quarters of all bookings.Under partial EU deregulation, airlines could begin new international intra-EU services, as long as one of the two governments gave approval (the so-called "double-disapproval" regime).
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.
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 to €3,013 million in 2010.
Ryanair has grown from a small airline, flying the short journey from Waterford to London, into Europe's largest carrier.
Ryanair now has over 11,000 people working for the company.