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Speaking yesterday, CEO Michael O'Leary said the radical U-turn was a bid to avoid travel chaos for customers during Christmas week.

Insurers, Travel Agents, Tour Operators, Policy Holders or their representing broker / intermediary will be notified in writing or by email which will serve as notice that cover is no longer provided in respect of a particular airline going forward. 3 January 2018 Fly Viking to cease operations News reports state that Fly Viking will cease operations from the 12th January.

During a conference call with the pilots, Mr OLeary is understood to have said that the offer of union recognition from Ryanair today is genuine.

He also told pilots that the move will have a longer-term positive impact on the carrier.

18 December 2017 Ryanair shares plunge New reports state that Ryanair shares fell 8.9pc after the company said it would talk to pilot unions for the first time in a move aimed at averting a pre-Christmas strike.

However, the strike planned by Ryanair pilots days before Christmas may still go ahead, despite the airline's dramatic decision to recognise unions for the first time and personal reassurance from chief executive Michael O'Leary that the offer of recognition is genuine.

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