Aer Lingus makes Operating loss of €81 M

[hammer]

Christopher Mueller to replace the Cough in Department of Unemployment. Now that would scare the .... out of the PS.

Thank God it couldn`t happen

[Disabled student]

Mueller closed down Sabena after he failed to get the cost reductions required there. The board of AL in recruiting Mueller were sending out a message to the Unions - cabin crew seem to be a bit hard of hearing.

Well hard of hearing would denote that they would hear something coming in their way but not completely. They would grab bit and bits here and there if you know what i mean.

Closed ears would be apt.

[odie1kanobe]

Ryanair have negative net cash and I don't see any creditors lining up to shut them down.

Really so show me how they have Negative Cash Flow.

[odie1kanobe]

Why Odie, you should know more than anyone that the aviation analysts are predicting Aer Lingus will be in profit next year.

Do you think that is worse shape than they have been in?

Actually don't bother answering. You are employed to write on sites such as this about the demise of Aer Lingus. You have over 150 posts on another site's Aer Lingus thread going back years gleefully predicting their demise. It's not as if you will give an objective answer.

You might answer this though. How many aircraft have Ryanair pulled out of Ireland in the last 12 months and how many jobs went with them? How many redundancy payments were made?

Not sure what other site you are on about but only post on P.ie so guess you have a case of mistaken ID.

As for being paid to post on here..............Who in their right mind would pay someone to post of here ?

Given 95% of my posts are on non aviation subjects I think it proves you know Jack sh1t.

As for Aer Lingus..............well lets see I have been predicting that they would burn through their cash and were burning it following plan after plan that was hurridly made up. You on the other hand were blindly support whatever management came up with and refused to consider they were P****** into the wind.

Funny how the Aer Lingus mob departed from here when they realised that the warnings on here were pretty much about right.

[locke]

Really so show me how they have Negative Cash Flow.

I said negative net cash, not negative cash flow

But here's the evidence

Balance sheet
Gross cash increased by €108.6m to €2,278.2m. The Group generated cash from operating activities of €413.1m and a further €314.2m from the sale of 16 Boeing 737-800 aircraft which funded the higher fuel costs, a €46.0m share buy back programme and capital expenditure incurred during the year. Capital expenditure of €702.0m largely consisted of advance aircraft payments for future aircraft deliveries and the delivery of new Boeing 737-800 aircraft. Long term debt, net of repayments, increased by €131.9m during the year. The Group had net debt of €120.2m at year end compared to net debt of €96.9m at March 31, 2008.

News :

[kerrynorth]

I reckon AL should totally change tack on the business they run and downsize. Offer a limited number of 2 class fleet destinations to main cities in Europe and ditch the sun destinations etc. Transatlantic they should offer widebody during peak but revert to lower capacity narrowbody ETOPS certified aircraft during winter on some routes like Boston and Toronto rather than abandon routes.

I also feel than changing their fleet from Airbus to Boeing will work better for them. For example the A350 which they have on order has a 2 class capacity of 366 which is just way too big for AL's demands whereas Boeing's Dreamliner 787-8 will be 277 2 class. And the 737-700WL and 900ER which are ETOPS certified can reach all their east coast destinations off peak.

[odie1kanobe]

I said negative net cash, not negative cash flow

But here's the evidence



News :

If using the Ryanair stated results you would see Cash generated from operations being the key thing as generating cash from what you are doing is what gave them €700m to invest in the future. They don't need to buy futher planes but they have the spare cash to do so which is why creditors are unworried.

[toughbutfair]

No unions is the only way to save the company. Ryanair are doing well and Aer Lingus are inefficient due to unions. The staff have no negotiating power, either life on the dole or leave the union.

[realist]

"There have never been compulsory redundancies at Aer Lingus - but that is about to change. All 1,000 cabin crew will be made compulsorily redundant in 30 days' time. While 230 will lose their jobs, the remainder will be offered immediate re-employment on new contracts with lower pay and conditions."

Is this actually legal? I thought when someone was made redundant it meant the position they held was no longer available in a company.

[odie1kanobe]

"There have never been compulsory redundancies at Aer Lingus - but that is about to change. All 1,000 cabin crew will be made compulsorily redundant in 30 days' time. While 230 will lose their jobs, the remainder will be offered immediate re-employment on new contracts with lower pay and conditions."

Is this actually legal? I thought when someone was made redundant it meant the position they held was no longer available in a company.

Difference is that you call the role something different and change elements of the job sufficient to withstand a legal challenge which is probable.

Its a risky strategy where if all Cabin Crew decided to strike then airline is grounded, faced with a closure due to strike and loss of forward bookings it could be a major issue.

I also think that offering enhanced redundancy to one group of employees while statutory to a second group is tantamount to victimisation of second group and probably would not stand up in court. Using the basis than one group voluntary accepted redundancy terms and the other was compulsory is not something to try and win a case on.