LONDON (AP) – Budget airline Ryanair plans to offer trans-Atlantic flights as cheap as $12.70 before taxes to several U.S. cities from Britain and Ireland, a company official said, according to a newspaper report Sunday.

Ryanair Holdings PLC spokeswoman Pauline McAlester said she could not confirm the plan before Monday when the company’s half yearly results are announced.

“Economy class will be very cheap – around 10 euros. But our business class will be very expensive. There’s always 10-15 percent who’ll pay whatever it costs for a wide seat,” Ryanair chief executive Michael O’Leary was quoted as saying.

Last month, the airline closed a base in Valencia, ending 70 weekly flights to the city in southern Spain.

But O’Leary hopes Ryanair could snap up aircraft from struggling rivals to create a new trans-Atlantic service, the newspaper said.

“We’ll just have to keep flying more aircraft, opening up more routes and offering people more cheap flights,” he was quoted as saying.

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