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28/04/2009
Aer Lingus Announces Bigger Losses
The national airline, Aer Lingus has warned that its 2009 losses will be more extensive than were expected after the dramatic downturn in first quarter revenues.
The news saw shares in Aer Lingus fall by as much as 20%. Ireland's second biggest airline made a loss of almost €120m in 2008 and said it was continuing with cost-cutting measures.
Revenues in January to March slumped 16% from a year before, and passenger figures during the first quarter fell 6.5% to two million.
Aer Lingus Chairman, Colm Barrington, said the airline was struggling "against the backdrop of a severe deterioration in operating conditions", but that it was "resolute in its objective of reducing operating costs and retaining a strong capital structure".
The previous chairman, Dermot Mannion, handed in his resignation earlier this month. He said that his decision would "allow a new CEO to bring fresh thinking and new ideas to the business".
Analyst Stephen Furlong said then that it was "hard to see Aer Lingus being a standalone operation".
However, the airline rejected a hostile takeover bid in January from Irish budget airline Ryanair. Afterwards, Ryanair promised to sell over 100,000 free flights during March to further erode Aer Lingus' business.
See: Ryanair To Give Away Free Flights After Aer Lingus Losses
See: Mannion Quits Aer Lingus For 'New Ideas'
(AC/BMcC)
The news saw shares in Aer Lingus fall by as much as 20%. Ireland's second biggest airline made a loss of almost €120m in 2008 and said it was continuing with cost-cutting measures.
Revenues in January to March slumped 16% from a year before, and passenger figures during the first quarter fell 6.5% to two million.
Aer Lingus Chairman, Colm Barrington, said the airline was struggling "against the backdrop of a severe deterioration in operating conditions", but that it was "resolute in its objective of reducing operating costs and retaining a strong capital structure".
The previous chairman, Dermot Mannion, handed in his resignation earlier this month. He said that his decision would "allow a new CEO to bring fresh thinking and new ideas to the business".
Analyst Stephen Furlong said then that it was "hard to see Aer Lingus being a standalone operation".
However, the airline rejected a hostile takeover bid in January from Irish budget airline Ryanair. Afterwards, Ryanair promised to sell over 100,000 free flights during March to further erode Aer Lingus' business.
See: Ryanair To Give Away Free Flights After Aer Lingus Losses
See: Mannion Quits Aer Lingus For 'New Ideas'
(AC/BMcC)
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05 November 2012
Aer Arann To Suspend Services From Waterford Airport
Aer Arann, operating as Aer Lingus Regional, is to suspend its services at Waterford Airport with effect from 6 January, 2013. The routes affected will be Aer Lingus Regional services from Waterford Airport to London Southend, London Luton and Manchester. The airline will continue to operate as normal from Waterford up to 6 January, 2013.
Aer Arann To Suspend Services From Waterford Airport
Aer Arann, operating as Aer Lingus Regional, is to suspend its services at Waterford Airport with effect from 6 January, 2013. The routes affected will be Aer Lingus Regional services from Waterford Airport to London Southend, London Luton and Manchester. The airline will continue to operate as normal from Waterford up to 6 January, 2013.
17 January 2011
Arann Flies To Scotland With Aer Lingus
Aer Lingus and Aer Arann have announced plans for a new route from Shannon to Edinburgh as part of the franchise agreement between the two airlines. From 27 March, Aer Lingus Regional, operated by Aer Arann, will provide flights to Shannon from Edinburgh five days a week.
Arann Flies To Scotland With Aer Lingus
Aer Lingus and Aer Arann have announced plans for a new route from Shannon to Edinburgh as part of the franchise agreement between the two airlines. From 27 March, Aer Lingus Regional, operated by Aer Arann, will provide flights to Shannon from Edinburgh five days a week.
06 March 2009
Aer Lingus Reports Fall In Flyer Numbers
Aer Lingus has reported its passenger numbers were down 8.4% last month compared to February of last year. The company says it carried 688,000 passengers during the month with passenger numbers on short-haul routes down 8% to 620,0000. Meanwhile the figure for long-haul services was down 11.7% to 68,000.
Aer Lingus Reports Fall In Flyer Numbers
Aer Lingus has reported its passenger numbers were down 8.4% last month compared to February of last year. The company says it carried 688,000 passengers during the month with passenger numbers on short-haul routes down 8% to 620,0000. Meanwhile the figure for long-haul services was down 11.7% to 68,000.
03 July 2008
Ryanair's Aer Lingus Stake 'Takes Off'
Ryanair has again raised its stake in Aer Lingus, brining its ownership to almost 30%. The budget airline last night announced a 3.5 million shares transaction, creating a 29.82% share, brining total share holdings to 159,231,025.
Ryanair's Aer Lingus Stake 'Takes Off'
Ryanair has again raised its stake in Aer Lingus, brining its ownership to almost 30%. The budget airline last night announced a 3.5 million shares transaction, creating a 29.82% share, brining total share holdings to 159,231,025.
07 December 2007
Closure Call Is An Accolade Says Aviation Regulator
An official Government-backed regulator has said demands to close down the organisation prove that it is doing a good job and is protecting the public.
Closure Call Is An Accolade Says Aviation Regulator
An official Government-backed regulator has said demands to close down the organisation prove that it is doing a good job and is protecting the public.
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Ireland WeatherThis Evening and Tonight:It will be dry with a few cloud breaks developing later in the night. Feeling quite mild although breezy again in the north with brisk southwest winds. Minimum temperature 10 °C.
