Ryanair Holdings operates as a group of airlines rather than a single carrier, and its most significant "buy" was the acquisition of Lauda (originally Laudamotion) from the estate of Niki Lauda, which was finalized in early 2019. This allowed the group to establish a major presence in Austria and Germany. In 2026, the Ryanair Group consists of five distinct "sister" airlines: Ryanair DAC (the original Irish carrier), Buzz (Poland), Malta Air (Malta), Lauda Europe (the successor to the Austrian purchase), and Ryanair UK. While there were frequent rumors in 2025 regarding a potential bid for a struggling Italian or Portuguese carrier to expand its southern European footprint, Ryanair has largely focused on organic growth through its existing subsidiaries. For example, Buzz has recently announced record expansions in Katowice for the summer 2026 season. By operating these multiple brands, Ryanair can tailor its marketing and labor agreements to specific regional markets while maintaining the ultra-low-cost efficiency of its unified Boeing 737 fleet.