Category Archives: Aer Lingus

Aer Lingus has a pre-tax first half loss of $30.1 million

Aer Lingus (Dublin) has reported a first half pre-tax loss of $30.1 million.

Read the full analysis from the Irish Examiner: CLICK HERE

Read the full report from the airline: CLICK HERE

Copyright Photo: Dave Glendinning. Airbus A320-214 EI-DVM (msn 4634) painted in the 1963 retrojet livery taxies at London (Heathrow).

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Aer Lingus rejects the hostile takeover bid by rival Ryanair

Aer Lingus‘ (Dublin) board of directors today rejected a takeover bid by rival Ryanair (Dublin). Ryanair yesterday launched a new bid to take control of the Irish international flag carrier. The board is recommending that all stockholders take no action on any proposals by Ryanair. Ryanair currently controls 29.82 percent of the Aer Lingus stock and is seeking to acquire a controlling share.

Read the full report from Finfacts Ireland: CLICK HERE

Copyright Photo: Paul Doyle.

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Aer Lingus wants to fly domestic routes in the United Kingdom

Aer Lingus (Dublin) is planning to launch a domestic route in the United Kingdom between London (Heathrow) and Edinburgh according to the Irish Independent. The route is up for grabs after British Airways (London) took over bmi (East Midlands) and was forced to give up the appropriate LHR slots as ordered by the European Commission. Virgin Atlantic Airways (London) has also expressed an interest in serving the UK domestic route. The projected expansion comes after Ryanair (Dublin), which owns 29.8 percent of the Aer Lingus stock, launched its hostile bid to take control of the Irish carrier.

Read the full report from the Irish Independent: CLICK HERE

In other news,ย Aer Lingus today announced its schedule for winter 2012 along with the addition of six new routes and increased frequencies.

Dublin to Verona and Stockholm and Cork to Brussels are set to continue right throughout the winter, owing to their continued popularity. Other exciting destinations on offer include Copenhagen, Bordeaux and Venice.

Frequencies will be increased on a further eight popular routes such as Berlin, Vienna and Amsterdam. There will also be extra flights to Lanzarote and Tenerife which will be music to the ears of those seeking out a winter sunshine holiday in the Canary Islands.

Copyright Photo: Sebastian Fernandez.

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Ryanair makes a new bid to take control of Aer Lingus

Ryanair (Dublin) has made another attempt to acquire a controlling share of rival Aer Lingus (Dublin). The ultra low-fare carrier which already owns slightly under 30 percent of the current Aer Lingus stock is offering a premium price of 1.30 euros a share, a 38 percent premium according to this report by Reuters. If Ryanair is successful in becoming the majority owner, the acquisition of the stock would still be subject to approval by the European Commission which in 2007 blocked a previous attempt by Ryanair due to concerns about the lack in competition in the Irish market if a transaction was approved.

Meanwhile Aer Lingus has told its shareholders to do nothing and to hold on to their shares. Will a quick profit tempt many stockholders?

Read the full report: CLICK HERE

Top Copyright Photo: Paul Bannwarth.

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Bottom Copyright Photo: Jay Selman.

Aer Lingus’ workers at Shannon threaten a strike over a potential move to Dublin

Aer Lingus (Dublin) is facing a possible strike by maintenance workers at a Shannon hangar over a potential consolidation move to Dublin. The 55 workers are protesting the move.

Read the full story from the Irish Examiner: CLICK HERE

In other news, Ryanair’s (Dublin) 30 percent share in Aer Lingus is being investigated by a British examiner over the fear the ownership could lead to higher ticket prices (so far the acquisition has not changed anything in Ireland or the UK).

Read the full report from the Irish Times: CLICK HERE

Copyright Photo: Brian McDonough.

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Aer Lingus posts a 38% improvement in the first quarter: reduces loss to $47.2 million

Aer Lingus Group (Aer Lingus) (Dublin) reduced its first quarter loss by 38 percent to $47.2 million.

Highlights of the quarter according to the Irish carrier:

  • – Strong Q1 performance with revenues & operating loss both better than prior yr.
  • – Q1 2012 operating loss of โ‚ฌ36.1 million improved by 32.8% on Q1 2011.
  • – Quarterly result driven primarily by strong revenue performance; yield per passenger up 8.4%; passenger numbers increased by 6.6%.
  • – Particularly strong long haul performance with Q1 passenger volumes and yield up 12.1% and 11.2%, respectively, compared to prior year.
  • – Retail revenue per passenger increased by 8.5% in the first quarter.

Read the analysis by the Irish Times: CLICK HERE

Copyright Photo: Brian McDonough.

Aer Lingus Slide Show: CLICK HERE

Etihad Airways acquires a 2.987% share in Aer Lingus

Aer Lingus (Dublin) has a new partner. Etihad Airways (Abu Dhabi), still on its spending spree, has acquired a 2.987 percent share of the Irish flag carrier. Aer Lingus has issued the following statement:

“Aer Lingus Group plc is aware of speculation that Etihad Airways has acquired a shareholding in the Group. Aer Lingus confirms that Etihad has acquired a holding of 2.987% of the Groupโ€™s issued shareย capital. Etihad has stated to Aer Lingus that it does not intend to increase this stake, pendingย the outcome of the discussions referred to below.

Aer Lingus and Etihad are engaged in discussions which to date have focused on reciprocalย code-share opportunities. Future discussions may explore additional commercial and costย opportunities to develop a closer working relationship in areas such as joint procurement. Aerย Lingus views these discussions as a natural progression of its successful Greenfield costย reduction program. There can be no certainty as to the outcome of these discussions.”

Copyright Photo: Antony J. Best.

Aer Lingus Slide Show: CLICK HERE

Etihad Airways Slide Show: CLICK HERE

Aer Arann to operate Aer Lingus Regional flights from Dublin to Southend

Aer Arann (Aer Lingus) (Dublin) will launch three daily Aer Lingus Regional roundtrips between the Dublin hub and Southend (near London) in May for Aer Lingus.

Copyright Photo: Keith Burton.

Aer Lingus’ profits were up in 2011 but warns about the affects of higher fuel costs for 2012

Aer Lingus (Dublin) reported net profit for 2011 rose to $95.6 million. The airline expects a profitable 2012 but warned against the affects of higher fuel costs.

Read the full report from the WSJ: CLICK HERE

Copyright Photo: Paul Denton.

Aer Lingus Slide Show: CLICK HERE

Aer Arann paints its first ATR 42 in the Aer Lingus Regional colors

Aer Arann (Dublin) has painted its first ATR 42 in the colors of Aer Lingus Regional. On January 18, 2012 this Aer Arann (Dublin) ATR 42-300 registered as EI-CBK (msn 199) was rolled out at Shannon in full Aer Lingus Regional colors after repainting by Eirtech Aviation. Named “St. Fintain”, EI-CBK is the first Aer Arann ATR 42 to be painted in Aer Lingus Regional colors.

In February 2010 Aer Lingus announced it was entering into a joint venture with Aer Arann to establish Aer Lingus Regional, which would be operated by Aer Arann with a portion of the profits going to Aer Lingus. Aer Lingus took no equity stake in Aer Arann but the deal involved Aer Lingus bulk-buying seats on Aer Arann services. The move allowed Aer Lingus to expand its operations without the need for additional aircraft plus serve airports that cannot handle the Aer Lingus fleet. The agreement covers all former Aer Arann flights from Cork as well as new and existing Aer Lingus flights from Dublin including Glasgow, Edinburgh, Cardiff, and Doncaster.

Aer Lingus Regional commenced scheduled operations on March 28, 2010.

Copyright Photo: Malcolm Nason.