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Aer Lingus In Trouble?  
User currently offlineVirginblue4 From United Kingdom, joined Jun 2008, 902 posts, RR: 0
Posted (5 years 10 months 4 weeks 1 day 10 hours ago) and read 5180 times:

Hi everyone. I know that the media is not the best source to get information from but i was just watching a report about Zoom and it was naming airlines that had gone bust including Maxjet and Silverjet. Then is said about airlines currently in trouble and it named Alitalia which we all know about. But then it said Ireland's National Carrier Aer Lingus is also in trouble. Is this true?

Thanks

Jordan  Smile


The amazing tale of flight.
8 replies: All unread, jump to last
 
User currently offlineNeutral From Ireland, joined Nov 2007, 309 posts, RR: 0
Reply 1, posted (5 years 10 months 4 weeks 1 day 10 hours ago) and read 5160 times:

I think you need to look at Aer Lingus cash reserves first there are a lot more airlines to go before them.I'd say the papers are reporting on their 6 months loss of 22 million euro with the higher fuel costs etc.

User currently offlineOA260 From Ireland, joined Nov 2006, 26844 posts, RR: 58
Reply 2, posted (5 years 10 months 4 weeks 1 day 10 hours ago) and read 5160 times:

Tough decisions need to be made like other airlines but its not as bad as Zoom or Silverjet. EI should ride the storm. They have been alot worse than this a few years back.

User currently offlineShamrock350 From Ireland, joined Mar 2005, 6320 posts, RR: 14
Reply 3, posted (5 years 10 months 4 weeks 1 day 10 hours ago) and read 5133 times:

Aer Lingus lost EUR22 million for the first six months of the year but still have EUR800 million in reserves but they don't want to touch that so a new cost cutting plan is due to be announced soon. So I wouldn't say that Aer Lingus is "in trouble", it's just hitting a rough patch like many airlines are but EI are in a strong position to tackle these challenges facing them, they can't waste any time though and have to act fast.

Over at the Irish thread theres a bit of discussion going on about it.


User currently offlineADRIANGALT From , joined Dec 1969, posts, RR:
Reply 4, posted (5 years 10 months 4 weeks 1 day 10 hours ago) and read 5104 times:

I guess Mr O'Leary is waiting to pounce, to safeguard his investment!!!!!

User currently offlineBoeingluvr From , joined Dec 1969, posts, RR:
Reply 5, posted (5 years 10 months 4 weeks 1 day 9 hours ago) and read 4896 times:



Quoting ADRIANGALT (Reply 4):
I guess Mr O'Leary is waiting to pounce, to safeguard his investment!!!!!

Haha I was gonna say... Lol.


User currently offlineTonystan From Ireland, joined Jan 2006, 1414 posts, RR: 2
Reply 6, posted (5 years 10 months 4 weeks 1 day 7 hours ago) and read 4674 times:

Well one of their senior managers made a very good quote in the Irish press today something along the lines of "if we are sneezing then the rest of the industry has a full blown cold"!!!


My views are my own and do not reflect any other person or organisation.
User currently offlineKaitak From Ireland, joined Aug 1999, 12407 posts, RR: 37
Reply 7, posted (5 years 10 months 4 weeks 1 day 7 hours ago) and read 4634 times:

MO'L can't buy any more of EI anyway. His plans to buy EI have failed and hiws best option is to hang onto his EI holding. Although EI has taken steps (failed) to force him to sell it, it is actually quite safe for EI to have FR having such a large holding; after all, you're not going to try and put a competitor out of business if you have a nearly 30% stake in it!

However, going to the main point of this thread, EI is a LONG way from being Zoom or Alitalia; it has significant cash reserves and while it may well experience losses for the full year, as many other airlines will, it will survive and thrive.


User currently offlineDavid_itl From United Kingdom, joined Jun 2001, 7361 posts, RR: 14
Reply 8, posted (5 years 10 months 4 weeks 1 day 7 hours ago) and read 4634 times:
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Quoting ADRIANGALT (Reply 4):
I guess Mr O'Leary is waiting to pounce, to safeguard his investment!!!!!

Reckon he's trying to come up with more schemes to get money out of travellers flying with FR whilst the poor saps flying them believe the mantra of no fuel surcharges whilst paying for all manner of things which quite a number of other airlines don't charge for! Remember FR may not make much money with high fuel prices.


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