Aer Lingus has confirmed it will not add extra capacity out of Ireland next year because of continued weak demand due to the recession.
Chief executive Christoph Mueller said the recovery period for the economy here would be "very long and very slow", and highlighted the direct correlation between air travel and economic growth.
However, unlike Ryanair, the Aer Lingus chief executive said the airline has "abandoned the low-cost model entirely".
"We haven't seen a zero fare on Aer Lingus because we believe that it is not sustainable," he told the Leinster Society of Chartered Accountants in Dublin.
Air traffic into and out of Ireland has declined by 40pc over the past two years.