From a business and shareholder point of view Ryanair are a huge success story. MOL is a shrewd businessman who capitalises on opportunities in order to cut costs and expand the airline ( hiring redundant pilots,going to distressed airports and the now famous cheap boeing deal )
There are 2 ways of doing business. Ethically - following specific codes of ethics and unethically. Ryanair are morally bankrupt and unethical. They treat passengers disgracefully,staff with impunity(cabin crew destitute on unpaid leave around xmas for between 1 and 3 months - in contrast easyjet get champagne and a 2 week bonus ) and airports aggressively. I'm all for cutting operational costs(hedging,fx,bag charges,bulk buying etc ) but their is a limit on the staff side of things. If you go too far - people will vote with their feet and you create a whole new set of problems. 75% of Ryanair pilots are now contractors. This is to cut the cost base but also to bust the unions.Very dangerous having such an disloyal workforce who will walk out instantly and not think twice about it.
Ryanair is a fantastic BUSINESS but an awful AIRLINE. In the most recent annual report it specifies that the average length of service of a pilot in the organisation is only 5 years and average age of early thirties. Says it all really. The attrition rate is definitely near or above 10% now. What goes around comes around