Ryanair 2010 Annual Report Download - page 33

31
DETAILED INDEX
Page
PART I
Item 1. Identity of Directors, Senior Management and Advisers..................................................................33
Item 2. Offer Statistics and Expected Timetable...........................................................................................33
Item 3. Key Information................................................................................................................................ 33
The Company ................................................................................................................................................ 33
Selected Financial Data ................................................................................................................................. 34
Exchange Rates ............................................................................................................................................. 36
Selected Operating and Other Data ............................................................................................................... 38
Risk Factors................................................................................................................................................... 39
Item 4. Information on the Company............................................................................................................ 53
Introduction ................................................................................................................................................... 53
Strategy..........................................................................................................................................................54
Route System, Scheduling and Fares............................................................................................................. 58
Marketing and Advertising............................................................................................................................59
Reservations on Ryanair.com........................................................................................................................ 59
Aircraft .......................................................................................................................................................... 60
Ancillary Services .........................................................................................................................................62
Maintenance and Repairs .............................................................................................................................. 63
Safety Record ................................................................................................................................................ 64
Airport Operations.........................................................................................................................................65
Fuel................................................................................................................................................................67
Insurance ....................................................................................................................................................... 68
Facilities ........................................................................................................................................................ 69
Trademarks.................................................................................................................................................... 69
Government Regulation................................................................................................................................. 70
Description of Property ................................................................................................................................. 76
Item 4A. Unresolved Staff Comments .............................................................................................................76
Item 5. Operating and Financial Review....................................................................................................... 76
History........................................................................................................................................................... 76
Business Overview........................................................................................................................................ 77
Recent Operating Results .............................................................................................................................. 79
Critical Accounting Policies.......................................................................................................................... 79
Results of Operations .................................................................................................................................... 82
Fiscal Year 2010 Compared with Fiscal Year 2009 ......................................................................................82
Fiscal Year 2009 Compared With Fiscal Year 2008 .....................................................................................86
Seasonal Fluctuations .................................................................................................................................... 89
Recently Issued Accounting Standards ......................................................................................................... 89
Liquidity and Capital Resources....................................................................................................................90
Off-Balance Sheet Transactions ....................................................................................................................97
Trend Information ......................................................................................................................................... 97
Inflation ......................................................................................................................................................... 97
Item 6. Directors, Senior Management and Employees ................................................................................ 98
Directors........................................................................................................................................................ 98
Executive Officers....................................................................................................................................... 103
Compensation of Directors and Executive Officers .................................................................................... 104
Employees and Labor Relations.................................................................................................................. 105
Item 7. Major Shareholders and Related Party Transactions ...................................................................... 107
Major Shareholders ..................................................................................................................................... 107
Related Party Transactions.......................................................................................................................... 107
Item 8. Financial Information...................................................................................................................... 108
Consolidated Financial Statements.............................................................................................................. 108
Other Financial Information ........................................................................................................................ 108