Jetmagic ‘happy’ with its business formula

“ANY fool can grow in the airline industry while losing money and we are surrounded by many fine examples of this in Europe at present.”

No prizes for guessing the genesis of these caustic remarks, because it was none other than the irrepressible Michael O'Leary, whose stake in Ryanair is currently worth nearly €300 million. His personal fortune is estimated at €500m, the bulk of which was generated by his near fanatical commitment to the airline he dubbed "the low fares no frills carrier".

Hard to keep out of the news he was married at the weekend the no-nonsense Corkman is not, even he probably realises, the only player in the Irish airline industry.