Aer Lingus Share Discussion Threads

[lbo] 06/10/2009 09:23

Mueller this week rated Aer Lingus's odds of survival at "50-50".

[lbo] 01/10/2009 10:24

Banker Sean FitzPatrick is part of a golden circle entitled to free flights around the world because he is a former director of Aer Lingus.

[lbo] 25/9/2009 11:16

Another Aer Lingus bid unlikely - O'Leary

[lbo] 23/9/2009 11:13

Aer Lingus slashes price of US business class seats to €400

[lbo] 21/9/2009 10:43

Aer Lingus' long-distance operations are in serious trouble, with passenger numbers and revenue plunging. New chief executive Christoph Mueller needs to find some way to make them work, even if it means recourse to radical solutions, writes Emmet Oliver

[lbo] 15/9/2009 17:30

Sharp fall in travel continues in July

Tuesday, 15th September 2009 11.10am

The downward trend of the past number of months in terms of travel to and from Ireland continued in July 2009, the latest figures from the CSO reveal.

Trips abroad by Irish residents were down 11.3pc to 759,800 compared to July 2008 while overseas visits to Ireland fell by 9.1pc to 759,600.



World airline losses to soar to USD11bn

[bmw30csl] 11/9/2009 14:04

love this - bought at 51c weill sell at a euro as i like whole numbers

[lbo] 10/9/2009 11:30

AER LINGUS'S new chief executive Christoph Mueller could net more than €4 million from pay and share options over the next five years

Mr Mueller will earn €475,000 in basic salary each year




Mr Coyle was engaged by Aer Lingus on a basic salary of €310,000 plus a performance bonus with a ceiling of €310,000 and other generous benefits.

[lbo] 08/9/2009 22:47

Aer Lingus has confirmed that 63 members of its cabin crew will lose their jobs due to a reduction in the winter flight schedule

[lbo] 07/9/2009 14:04

"Ultimately, we will be allowed to buy Aer Lingus. In another 18 months and with more redundancies, they'll have burned their way through the last of the cash they have and will need to be rescued. They don't have any vision for the future. We do. We can turn it around. Sit at the sidelines now and watch Aer Lingus go bankrupt like all these other companies that are either destroyed by government ownership, or by headbanger trade unionists," O'Leary responds.

[lbo] 01/9/2009 22:15

Aer Lingus chairman spends €30,000 on shares in airline




Aer Lingus chairman's salary €140,000

[biglosses] 01/9/2009 08:51

Director buys this morning which has to be a good sign.

Although the company has been losing money, I think now could be a good time to buy. As per LBO's post above, the company is taking measures to return to profitability. Ryanair is also lurking which could boost the share price. (although due to EU rules, a takeover can't take place until January) There also seems to be more positive news on the economy than negative of late.

As always DYOR

[lbo] 28/8/2009 13:47

Struggling Aer Lingus may cut 500 jobs in bid to save €130m

[lbo] 27/8/2009 13:24

Aer Lingus H1 loss triples to E79 m



Aer Lingus' net cash position declined by almost 33 percent since the end of last year to 439.6 million euros. That appeared faster than the pace of cash burn signalled in March when management said net cash would remain above 400 million by the end of 2009

[lbo] 25/8/2009 20:15

Aer Lingus is preparing a cost-cutting plan to be launched this autumn in order to protect its cash pile and become more efficient amid the industry downturn, a source close to the company said.

[thereverenddoctor] 25/8/2009 17:17

Look like O'Leary might go bottom fishing at these levels, although there could be an Autumn sale coming soon.

[lbo] 17/8/2009 11:32

Weekend media reports suggest Aer Lingus is close to a "huge" cost-cutting package which will probably be released when the new CEO takes up office in early September. The article identifies financing pressures as one of the factors behind the plan as banks are reluctant to finance aircraft with the airline.
• Aer Lingus needs to respond aggressively to a rapid deterioration in its operating environment and the prospect of heavy financial losses in both 2009 and 2010. Recent reports cited comments from the group Chairman that costs of at least €130m had to be removed from the company, implying about 13% of ex-fuel costs. Even that level of cost reduction would leave an operating loss in 2009, which underscores the urgency for change. Aer Lingus reports interim results on August 27th.

[lbo] 14/8/2009 20:56

Data from the Irish Aviation Authority underlines the rotten state of commercial aviation at present. In July aircraft traffic in Dublin fell 17.2% while volume contracted 24% in Cork and 23% at Shannon. The year to date trends are not pretty. In Cork for example, since April, monthly year-on-year movements are down 18%, 17.5%, 15% and 24%. It is worse in Shannon where monthly traffic since April is off 20%, 24%, 22% and 23%. Dublin, which accounts for 53% of Irish volume, saw traffic falls of 14% in April, 16% in May, 19% in June and 17% in July.

[bmw30csl] 12/8/2009 11:15

If these can cut costs and maintain the cash level they have to be worth a bet going forward. Guess we need to see how much yield has suffered to maintain passenger numbers.

[lbo] 10/8/2009 22:40

Brokers manipulating markets by stealth, says Financial Regulator



Some Dublin stockbrokers are potentially engaging in market manipulation by seeking to place largescale orders for stocks which are then not implemented, the Financial Regulator has concluded after a long investigation

[lbo] 06/8/2009 13:20

Travellers to Ireland down 15pc in June

[lbo] 04/8/2009 13:12

Aer Lingus cuts fleet again to save cash

[hermana] 25/7/2009 23:33

LBO,who will be the other 799? Fatso Barrington is a must.

[lbo] 25/7/2009 23:13

AER Lingus must cut 800 jobs as urgent restructuring is needed at the airline, according to Bloxham Stockbrokers, which downgraded the airline yesterday.