Ryanair Ltd., an Irish low-cost airline, on Thursday announced that it made a mistake in announcing that its board had agreed on the plans to expand to North America.

The mistaken announcement by the airlines doesn't end there as while making that apparently erroneous statement on Monday, Ryanair went quite far saying that it might sell its cheapest seats on those routes for £10.

The Irish airline, Ryanair, has announced annual profits registering gain of 13%. But the company said that recession across Europe will negatively affect the growth this year.

The Netherlands Consumer Authority (NCA) has slapped Ryanair with a hefty fine of _370,000 for violating Dutch consumer protection law.

The watchdog said that Dutch travelers paid more than necessary for the tickets they purchased online because the company's website offered airfares included hidden and avoidable charges.

It has been recently revealed by UK carrier Ryanair that its passenger numbers fell by 50,000 in January 2013; chiefly because of the fact that the company had grounded up to 80 aircrafts after the busy Christmas holiday period.