Ryanair bump prices up by 12% and cuts routes!
RYANAIR fares will soar by another 12 PER CENT this year - as it slashes routes in order to combat the sky-high oil price.
Boss Michael O'Leary boasted that his airline would cash in as more passengers compete for fewer seats.
Ryanair expects to run fewer services this winter for the first time in its history so it can save money on jet fuel.
Dozens of new aircraft being delivered by BOEING will simply be "parked up" until March next year.
Mr O'Leary said: "This will help get the fares up." He added "lead in" promotional fares would rise - but insisted: "Supply and demand is the real driver of this. Bookings are stronger because of all the austerity.
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Latest satellite image of Grímsvötn Ash Cloud
Satellite Image of latest Ash Cloud
Grímsvötn
Meteosat Second Generation (MSG)
Image of Ash Cloud taken 06:00am on 24th May 2011
Image taken on 23rd of May
MSG images are monitoring for the presence of volcanic ash emission in the vicinity of Iceland using infrared data from the Meteosat Second Generation (MSG) satellite. Because cloud particles and volcanic ash particles interact with the infrared radiation in different ways, data at several different wavelengths can be combined to identify the main ash plume, which, when present, would be shown as yellow and orange colours in the images. However, it should be noted that it is only the thicker parts of the plume that are able to be detected by this method. In addition, the ash plume is often masked by overlying high cloud and therefore might not appear in the satellite image.