http://www.aerlingus.com/Corporate/P...INAL820608.pdf
EUR 107.8 Million loss after tax.
Outlook:
In the current climate we believe that in 2009 Aer Lingus will experience a larger operating loss than in 2008 and that in these circumstances the Group is unlikely to meet its previous guidance of a pre-tax profit in 2009.
Net cash still looking half decent:
Net cash has reduced to €653.9m (2006: €757.0m) as a result of operating losses and significant capital expenditure.
Short haul fleet:
Three additional A320s will join the fleet in March and April 2009, on operating leases, to operate from the new London Gatwick
base. We will reduce the Dublin based fleet by one A320 due to the weakening of demand ex-Ireland.
Short haul capacity (from presentation):
Dublin down 4%, Belfast down 1%, Cork down 1%, Shannon and Gatwick new.
Comments from Sean Coyle:
Aer Lingus bookings falling and long-haul struggling - Yahoo! Finance
Share price:
AER LINGUS GRP Share Price Chart | AERL.L - Yahoo! Finance UK
Investor Presentation:
http://www.aerlingus.com/Corporate/P...0309_FINAL.pdf
Net cash at end of 2009 expected to be circa €400m to €430m depending on operating result and working capital position.