Ryanair 'flying its way out of the problem'

The head of Ryanair explained today how his company was ‘‘flying its way’’ out of the air industry crisis generated by the September 11 terrorist attacks on the United States.

Michael O’Leary, the cut-price carrier’s chief executive - an outspoken opponent of government plans to bail out the state-backed in-trouble Aer Lingus airline declared: ‘‘Low fares are the only answer.’’