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Aer Lingus Announces Big Loss + New Routes

Wed Jul 31, 2002 8:47 pm

Today Aer Lingus has announced a loss of Euro 140 Million over the last financial year. The previous year the airline made a profit of EURO 72 Million.

The airline reduced employment by 40% since september 2001.

The airline will commence three new routes on 27 October from Dublin to:
- Prague
- Geneva
- Vienna

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Joined: Tue May 07, 2002 7:04 pm

RE: Aer Lingus Announces Big Loss + New Routes

Wed Jul 31, 2002 8:51 pm

seems pretty aggressive for Aer Lingus!! Makes a change. Geneva seems odd as Zurich only gets one flight a day from "Swiss" . EI only codeshares. Will this be a BAe 146 so? CSA have been doing super already to Prague. Don't know about Tyrolean to Vienna. Best of luck. Would be nice to see them back in scandinavia.
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Joined: Mon Nov 13, 2000 4:06 am

RE: Aer Lingus Announces Big Loss + New Routes

Wed Jul 31, 2002 8:51 pm

Aer Lingus has announced a loss of €140 000 000 / £62 000 000 / US$138 000 000.

We are not satisfied with mere survival. The survival plan was the beginning, not the end, of change at Aer Lingus. We are becoming more efficient, simplifying the business of getting people to their destinations," said CEO Willie Walsh.

Passenger numbers fell 4.6% to 6.6 million.

"Much more remains to be done to return the company to adequate levels of profitability," warned chairman Tom Mulcahy.

More information at the BBC NEWS Online website

Information gathered from the above hyperlinked webpage. Full information can be viewed by clicking the above hyperlink
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