EIRules From Ireland, joined Aug 2007, 765 posts, RR: 10
Reply 1, posted (1 year 6 months 2 weeks 1 day 1 hour ago) and read 2202 times:
Excellent news at a time when it was really needed! I can't see this suddenly stopping the FR bid but at least the nonsense argument that EI are loss making and need FR to survive may go away. A few more well chosen alliances like that with EY and soon to come AC and they are going in the right direction
Next Flights: EI DUB-LHR A320, BA LHR-SFO B744, UA SFO-LAS A320, BA LAS-LHR B744, EI LHR-DUB A320
anfromme From Ireland, joined Feb 2012, 448 posts, RR: 11
Reply 5, posted (1 year 6 months 2 weeks 19 hours ago) and read 1612 times:
Couldn't care less to hear MOL's take on this, really. Probably some variation of "They could have done even better as part of FR"/"This is not sustainable and they need FR to work long-term." and similar horse manure.
Note should be taken of Aer Lingus' share price - it's now at €1.29. That is just €0.01 short of Ryanair's offer of 1.30 per share. Never mind the EU commission (which I think is still going to veto the takeover anyway), I can't see too many shareholders jumping on that offer for a measly cent per share as things stand. The results and the current share price also validate a point Christoph Mueller made when Ryanair first published their offer - that point being that the offer seriously undervalues Aer Lingus.
Overall, I think this is another serious nail in the coffin of FR's takeover ambitions - EI posting a 40% increase in profit, 7% increase in passengers (highest number of passengers ever), 8.2% increase in revenue, third profitable year in a row, and shares at just €0.01 below FR's offer price...