The Irish budget airline Ryanair is offering flights between London and America for less than the cost of a tank of gas. In the face of a worldwide recession, the airline is doubling down against its larger rivals and offering trans-Atlantic flights for $12.70.” We’ll just have to keep flying more aircraft, opening up more routes and offering people more cheap flights,” said Michael O'Leary, the airline’s CEO. “Economy class will be very cheap…but our business class will be very expensive.” He plans to buy more than 50 extra aircraft to meet demand and will fly between London and Dublin and New York, Florida, Los Angeles, San Francisco, and Boston. Ryanair has just announced a fall in profits year on year of 47 percent.
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