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Thread: Aer Lingus still has 817m Euros in Cash

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    Fianna Fáilure and the Irish Catholic Church are traitors

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    Politics.ie Member corelli's Avatar
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    If they want to replace their fleet, which is in need of it, they need a very large cash reserve. I don't see the issue really. Do you suggest they don't reduce costs and eat into it?
    "......... we must sometimes listen to those who, consumed with zeal, have scant judgment or balance. To such ones the modern world is nothing but betrayal and ruin.........We feel bound to disagree with these prophets of doom who are forever forecasting calamity -- as though the world's end were imminent."

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    Seriously who wrote that? That is just pathetic journalism and a total misrepresentation of Aer Lingus.

    Net Cash is closer to 400m i think

    Ryanair have c. €3Bn cash on its balance sheet
    Last edited by grafter1; 26th August 2010 at 11:10 AM.

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    Politics.ie Member seanmacc's Avatar
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    Quote Originally Posted by corelli View Post
    If they want to replace their fleet, which is in need of it, they need a very large cash reserve. I don't see the issue really. Do you suggest they don't reduce costs and eat into it?
    in fairness to them, their fleet is a lot more modern than most of their European competitors and a hell of a lot more modern than their American competitors. Their transatlantic fleet is something they can be proud of. The large cash reserves do allow them to get better deals on loans though for capital investment such as planes, hangars ect.

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    Quote Originally Posted by seanmacc View Post
    in fairness to them, their fleet is a lot more modern than most of their European competitors and a hell of a lot more modern than their American competitors. Their transatlantic fleet is something they can be proud of. The large cash reserves do allow them to get better deals on loans though for capital investment such as planes, hangars ect.
    Large cash reserves? I suppose they'll be helped out by an FX gain of €80m ever year!!

    Muller is doing a great job at AL - but he still has a very long road ahead.

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    What are AL cash reserves at now?

    They can't have much time left till they hit the wall..................
    Fianna Fáilure and the Irish Catholic Church are traitors

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    "Aer Lingus still has 817m Euros in Cash"
    .
    This is scandalous, the bondholders should have got that money a long time ago.

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    What are AL cash reserves at now?

    They can't have much time left till they hit the wall..................
    Just over 1.1 billion euros as of two weeks ago as per a memo.

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    Quote Originally Posted by afterburner View Post
    Just over 1.1 billion euros as of two weeks ago as per a memo.
    How could they have generated the extra cash if they are making an incredible loss?
    Fianna Fáilure and the Irish Catholic Church are traitors

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    Quote Originally Posted by truthflyer View Post
    How could they have generated the extra cash if they are making an incredible loss?
    Losses are greatly reduced now.

    But more particularly, every airline takes a lot more cash in during the summer months. Even the biggest basket case airlines can probably turn a profit in the June-September period.

    Then they burn cash during the Winter months. I'd be surprised if even Ryanair managed to break even in November and February.

    Obviously, the trick is to maximise profits in the summer and minimise losses in the Winter.
    Economic Left/Right: -2.88 (down 3.63 since the financial crash)
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