Quick sum:
£117m max profit made (2007) + £5m saving on overhead = £124m pro forma profit
£124m / 23.8m passengers = £5.21 profit per pax (2007)
£87.3m profit 2012 / 17.1m pax = £5.11 profit per pax (2012)
£201m profit projected (2019) / 24.6m pax in 2019 = £8.17 profit per pax
I can't see Mr O'Leary enjoying that kind of calculation.
Added to that, the new owners will have £1 billion to raise, and pay interest on - far more capital than BAA had invested.
Will Ryanair move to London (Cambridge)?
