What are key advantages of Ryanair's business model?

The key advantages of Ryanair’s business model lie in its ability to maintain low operating costs while achieving high aircraft utilization. This approach allows Ryanair to offer competitive ticket prices, making air travel accessible to a wider audience. Low operating costs are achieved through various strategies, including flying to secondary airports, operating a single type of aircraft (Boeing 737s), and streamlining processes to enhance efficiency.

High aircraft utilization means that Ryanair ensures its planes are flying rather than sitting idle on the ground. This maximizes revenue opportunities, as each aircraft can complete a larger number of flights in a given time period. By keeping both operating costs low and aircraft utilization high, Ryanair effectively positions itself in the market as a low-cost carrier, which is critical to its overall success and growth in the highly competitive airline industry.

Other choices do not align with the fundamental aspects of Ryanair's strategy, as they suggest higher costs or a limited focus that contradicts the company’s successful low-cost model.