How do these low-cost airlines do it?
Ryanair announced that it carried 44% more passengers in May 2002, 11.75 million. This outsurpassed the 36% increase in passenger numbers in April.
Load factor rose a massive 12% from a year ago, above it's 12 months-to-date average of 82%.
Internet sales which reduce costs, contributed to 91% of transactions in May.
More information at the FT Investor website