It would be interesting to see what their financial results would look like without the considerable subsidies upon which Ryan Air's business model is dependent.
The Subsidies are coming to an end and it seems for the first month in a decade BA is growing faster than ryanair. I was also reading a bit about airbus upgrading the engines on BBC website. As airlines get planes that burn 15% less fuel than Ryamair the tables will be turned (esp as fuel is going up sharply again). The other big factor is the residual value of the old 737-800s is likely to drop sharply. The magic will soon be over.
BBC News - Airbus A320 engines to get 1bn-euro upgrade