Ryanair said today it could break-even this financial year if oil remained at US$100 a barrel in the final quarter.

Passengers today scrambled to get tickets for alternative flights following the collapse of transatlantic budget airline Zoom.

Low-cost Canadian carrier Zoom Airlines makes its first foray into the US market today when it launches a daily flight from New York’s John F Kennedy International Airport to London’s Gatwick Airport.

The takeover rumour mill is working overtime in Europe’s airline industry as the major players begin to jostle for top spot in a sector that is expected to see consolidation like never before.

A budget airline’s hopes of becoming the transatlantic equivalent of Ryanair or easyJet moved a step closer today thanks to a tie up with Bank of Scotland, it was claimed.