Ryanair fares pledge after profit jump

● Irish carrier raises concerns over impact from UK’S Brexit vote

expansion using its valuebased business model will put further pressure on industry yields and will mean that traditional competitors have to not only seek ways to become more efficient, but also to improve their levels of service in order to justify their premium pricing.”

Speaking on BBC radio yesterday, Kenny Jacobs, Ryanair’s chief marketing officer, said no clarity had been offered by the UK government over Brexit.

“They have indicated they will leave the European Court of Justice, that is the European institution that governs open skies, so Britain is going to leave open skies as it now stands,” he said.

“We need to see clarity in terms of what is going to be the future of open skies, which will mean a new bilateral or not. If there isn’t a new bilateral in place then you may have very restricted or no flying between Europe and the UK for a period.

“I think it’s clear we’re heading to what looks to be a very ugly divorce at the moment. Our call on the government here is to please give us and other airlines clarity – every airline is saying the same.” ● Shares in British Airways parent IAG fell 1.4 per cent yesterday in the wake of BA’S IT failure over the weekend.