You could argue that FR
rewards its loyal passengers with continuously low prices - if you are flexible and have the foresight to plan ahead - which is arguably better than providing a reward, like a free flight, which might be worth £15, for purcashing X tickets.
has Hertz as its car-hire partner from which the airline earned nearly £28 million last year.
also has 'Ryanair Hotels' and has a partership, of some sort, with Hostelworld.com.
has a parternship with an insurance broker.
has diversified from the standard flights to various other areas, which enables it to not only earn more revenue and profit but also to provide security in times of difficulty.
There are HUNDREDS of new destinations throughout Europe. One such airport is Lechfeld - an airbase very close to MUC
- which is being transformed to cater for airlines. I can easily see over 4 based aircraft and over 20 routes from there, including GRO, SVQ, MJV, XRY, REU, LEI, OPO, BGY, CIA, TSF, MPL/FNI, BVA, CRL, STN, LPL, PIK, DUB, SNN, RIX, TRF, NYO, TMP, BRQ, WRO, MMX, GSE, plus undoubtedly more cities in Italy, France, Spain, the UK and in Eastern Europe.
You could look into how best to increase revenue from advertising. There's quite a lot of potential there. While it rarely happens, people do complain that FR - and other airlines - do not provide accommodation or refreshment when flights are badly delayed or cancelled. You could look into the cost of providing this and measure it against how often it happens and the gratitude of the public and see whether it should be implemented or not.
[Edited 2005-01-18 18:25:09]
"Everyone writing for the Telegraph knows that the way to grab eyeballs is with Ryanair and/or sex."