Ryanair half year results passengers to Sep 30/2012 at 48 million up 7%. They state they carry approx 12% of Europe's short-haul air travel market.
Is 48 million 12% of the stated market or is 79 million on a 12 million rolling basis, 12% of the market?
Later they say over the next 10 years they can grow to 120 million pa which will be an 18% share of the EU short haul market and a 50% growth on their own passenger numbers. Do these figures assume the current 'regulatory obstacles to growth' remain as they are? Unlike previous reports there doesn't seem to be meaninful mention of orders for aircraft to carry this projected passenger growth.