In case anyone is interested, the Joint Committee on Transport minutes are here:
Parliamentary Debates (Official Report - Unrevised) JOINT COMMITTEE ON TRANSPORT Wednesday, 16 July 2008 - Page 4
The quote from MOL was: "Last year, Ryanair made a loss on just two of its 28 bases - Shannon Airport and a new base in continental Europe which it had just started to develop."
This quote may have been misinterpreted, since HHN doesn't seem to fit this description.