Sorry, the posts are a little out of order as I inadvertantly deleted my original!
Bearcat,
I have tried to be careful not to attempt the pointless excercise of challenging Ryanairs financial performance. In my mind most of the recent share price growth is the result of improved forecast and actual profits and new base announcements. All the same, their financial strength has nothing to do with this thread. I was referring to the fact that Ryanair were out of touch with their shareholders wishes.
Just for what it's worth, with 46% of shares tied up and out of reach already, Ryanair need control of 93% of all shares remaining. While obviously not impossible, it is highly improbable.