$15 Flights To Europe Grounded

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Ryanair has retracted its statement about offering flights to Europe for as little as $15. The reason why is anybody's guess.

It seems Ryanair celebrated April Fools Day a little early.

The company’s board issued a statement Thursday retracting its confirmation that ultra-cheap trans-Atlantic flights are in the works.

According to a statement issued to the London Stock Exchange:

In the light of recent press coverage, the Board of Ryanair Holdings P.L.C. wishes to clarify that it has not considered or approved any trans-Atlantic project and does not intend to do so.

Thursday’s one-sentence statement contradicts what the Irish airline company announced early this week. CNN Money reported that it received an email statement Tuesday containing the following:

The board of Ryanair … have approved the business plans for future growth, including transatlantic. We would like to offer low cost flights between 12-14 European cities and 12-14 U.S. cities. The business plan is there but it’s dependent on attaining viable long haul aircraft and we estimate that’s 4 to 5 years away.

Financial Times reports that Ryanair’s outspoken chief executive, Michael O’Leary, told the publication that the company made a mistake, saying “it was a miscommunication.”

What do you make of the news of Ryanair’s U-turn? Are you surprised or did you think it sounded too good to be true from the start? Sound off in a comment below or on our Facebook page.

Stacy Johnson

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