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11/11/2008
Aer Lingus Loss Looks Less
Despite its controversial cost-cutting plans - leading to the threat of strike action by its workers - Aer Lingus has revealed that its expected operating loss will be less than first thought.
The loss is now expected to be €10 million less than the figure first expected.
However, despite the reduction, there seems to be no plans to amend the airlines cost-cutting.
The former state-run airline plans to cut nearly 1,500 with an out-sourcing programme, as well as introducing voluntary redundancies and early retirement schemes to save around €74 million per annum.
A spokesman for Aer Lingus said it was "imperative" that its operating costs be reduced, adding: "There is no choice but to address legacy work practices, pay rates and pay inflation which are inappropriate to the business model and the competitive environment in which Aer Lingus competes."
The statement went on to say that the company had forecast a loss in 2009 and that operating at a financial loss is not sustainable.
Workers at the airline being represented by Siptu have notified the carrier that they will engage in industrial action over the cuts following the company prematurely leaving recent talks.
(DW)
The loss is now expected to be €10 million less than the figure first expected.
However, despite the reduction, there seems to be no plans to amend the airlines cost-cutting.
The former state-run airline plans to cut nearly 1,500 with an out-sourcing programme, as well as introducing voluntary redundancies and early retirement schemes to save around €74 million per annum.
A spokesman for Aer Lingus said it was "imperative" that its operating costs be reduced, adding: "There is no choice but to address legacy work practices, pay rates and pay inflation which are inappropriate to the business model and the competitive environment in which Aer Lingus competes."
The statement went on to say that the company had forecast a loss in 2009 and that operating at a financial loss is not sustainable.
Workers at the airline being represented by Siptu have notified the carrier that they will engage in industrial action over the cuts following the company prematurely leaving recent talks.
(DW)
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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.
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.
01 September 2011
Aer Lingus Predict Profit - Despite €28m Loss
The Irish airline, Aer Lingus, has said that net losses narrowed in the first half of the year and that it was on course for an annual profit. It has reported operating losses of €27.8m, or £24.6m, in the first half of 2011 but had a strong second quarter, taking profits of €25.9m. The airline said passenger numbers also rose by 8.
Aer Lingus Predict Profit - Despite €28m Loss
The Irish airline, Aer Lingus, has said that net losses narrowed in the first half of the year and that it was on course for an annual profit. It has reported operating losses of €27.8m, or £24.6m, in the first half of 2011 but had a strong second quarter, taking profits of €25.9m. The airline said passenger numbers also rose by 8.
02 June 2009
Ryanair Flies Low
The budget airline Ryanair has revealed financial returns showing a major nosedive in operating profits. Ryanair plunged into the red by €169.2 million (£145.9m) in the year to March after being hit with a 59% hike in its fuel bill.
Ryanair Flies Low
The budget airline Ryanair has revealed financial returns showing a major nosedive in operating profits. Ryanair plunged into the red by €169.2 million (£145.9m) in the year to March after being hit with a 59% hike in its fuel bill.
22 October 2007
Shannon 'Not Informed' Of Aer Lingus Move
The Dublin Airport Authority did not inform authorities at Shannon Airport of Aer Lingus' decision to close its Shannon-Heathrow service, it has emerged. According to reports, the DAA, which operates Shannon Airport, was informed that Aer Lingus was considering closing the route to concentrate on their new Belfast operation in June.
Shannon 'Not Informed' Of Aer Lingus Move
The Dublin Airport Authority did not inform authorities at Shannon Airport of Aer Lingus' decision to close its Shannon-Heathrow service, it has emerged. According to reports, the DAA, which operates Shannon Airport, was informed that Aer Lingus was considering closing the route to concentrate on their new Belfast operation in June.
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Ireland WeatherToday:A sunny but frosty start for many. However cloud increases by midday with a few showers reaching the north coast, these mostly light but spreading inland this afternoon. Chilly. Maximum temperature 8 °C.Tonight:A rather cloudy evening with scattered showers. Becoming drier through the night with some good clear spells developing and a patchy frost away from coasts. Minimum temperature 0 °C.
