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Ryanair launched a new base of operation in Charleroi Airport in 2001.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 airline has been characterised by its rapid expansion, a result of the deregulation of the aviation industry in Europe in 1997 and the success of its low-cost business model.Ryanair's route network serves 34 countries in Europe, Africa (Morocco), and the Middle East (Israel).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.By 1995, after the consistent pursuit of its low-cost business model, Ryanair celebrated its 10th birthday by carrying 2.25 million passengers.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.

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O'Leary as Chief Executive took part in a publicity stunt, where he helped out with baggage handling on Ryanair flights at Dublin Airport.

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.

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.

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