Thursday, August 27, 2009

Aer Lingus - Debt tripled in 1st half 2009

From RTE business news:
"Management at Aer Lingus say the outlook for the airline is highly uncertain following publication of the latest financial results.

The company has also said it can no longer afford to pay what was described as 'legacy-style' pay rates to staff.

Losses at the airline have tripled to €93m in the first half of the year."

Perhaps Aer Lingus should call it a day and stop keeping up the illusion that they can turn the airline afloat... what's that noise? I think I hear Michael O'Leary knocking at the door...

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