"Ryanair, Europe’s largest low fares airline, today (5th June) announced its biggest ever single expansion, launching 12 new UK routes as part of a package of 40 new European routes for winter 2008."
and:
"Ryanair, Europe's biggest low fares airline, today (3 June) announced a 20% increase in full year net profits after tax to a record €481m. Traffic grew by 20% to 51m, average fares (including bag charges) fell by 1% to €44, while revenues grew 21% to €2.714bn. Despite a unit cost increase of 2%, due to higher staff and airport costs, Ryanair delivered an industry leading after tax profit margin of 18%."
Taken from the Ryanair webpage. And they´re gonna lay off 600 pilots???
To me that´s strange mathematics...