Aer Lingus News Page 17
Aer Lingus losses treble as low-cost tactic backfires
Losses at troubled Aer Lingus have more than trebled over the first half of 2009 as its attempts to reinvent itself as a low-cost carrier appear to have backfired. The Irish carrier reported losses of €73.9m, compared to €21.6m a year earlier, as average fares slumped 17% despite rising oil prices.
Aer Lingus launches six new Gatwick routes
Aer Lingus is launching six more routes from its new Gatwick hub - Bucharest, Eindhoven, Tenerife, Lanzarote, Warsaw and Vilinus for winter this year.Its current flights to Dublin, Faro, Knock, Malaga, Munich, Vienna and Zurich will continue, but it will drop Nice during the winter months. With the addition of these new routes, the airline will operate 118 round trips a week.
Aer Lingus issues third profit warning this year
Aer Lingus has issued its third profit warning this year, saying trading conditions had worsened markedly during the first quarter. The airline, which is currently without a chief executive following the resignation this month of Dermot Mannion, forecast a loss for 2009 “materially below the bottom of the range of current market expectations”.
Aer Lingus eyes alliance to thwart Ryanair takeover
Aer Lingus is weighing up a strategic alliance with a leading European airline as it endeavours to thwart a hostile takeover from Ryanair.The board of the Irish flag carrier is consulting with its financial advisor, Goldman Sachs, on various options, which include potential alliance talks with one or all of British Airways, Air France-KLM and Lufthansa.
Aer Lingus chief exec resigns
The chief executive of Aer Lingus, Dermot Mannion, has resigned with immediate effect.The move comes a month after the Irish carrier reported plummeting losses of 108m euros for 2008 and a warning of bigger losses in 2009, as well as a share price that has fallen over 65 percent in the past year.
Aer Lingus rejects Ryanair takeover
Aer Lingus has rejected Ryanair‘s offer of a €750m for a second time, following a meeting between the two airlines in Dublin yesterday.A spokesperson for Aer Lingus said: “Aer Lingus explained to Ryanair at the meeting how the bid fundamentally undervalues the airline, its robust financial position, ignores the substantial competition issues and is therefore not capable of completion.”
Ryanair appeals for Aer Lingus takeover
Ryanair is appealing against the European Commission’s decision to block its proposed takeover of Aer Lingus.
Travelsupermarket signs Aer Lingus
Travel comparison website, travelsupermarket.com, has added Aer Lingus to its flight search channel, increasing the number of searchable low cost airlines on the site to 13.
Aer Lingus Introduces the Shamrock Rewards Credit Card Program
Aer Lingus, Ireland`s International Airline, has partnered with MBNA America Bank, N.A. to introduce a new credit card program entitled Shamrock Rewards. The no-annual-fee credit card provides consumers with the opportunity to accrue points with each retail purchase made and redeem those points for travel on Aer Lingus.
Aer Lingus And KLM To Code Share On Cork Amsterdam Route
Aer Lingus and KLM Royal Dutch Airlines have agreed to expand their existing Dublin-Amsterdam codeshare cooperation to the Cork-Amsterdam route.
Bernie Cahill Assumes Executive Chairman Role In Aer Lingus Group
Aer Lingus today announced that Bernie Cahill will assume the position of Executive Chairman with immediate effect. Mr Cahill will continue in this role until the appointment of a new Group Chief Executive.
Aer Lingus Sweeps The Boards At Awards Ceremony
Aer Lingus was voted tops in three categories at the annual Irish Travel Trade News Awards ceremony on January 21st.