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Old 9th Mar 2010, 17:27
  #2627 (permalink)  
racedo
 
Join Date: Nov 2008
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Racedo, we all know you are a rabid FR fan. However, please get an element of factual accuracy into your comments. EI's free cash has fallen from €1,090m at December 2008 to €770m at December 2009 - per my mathematics, that is a drop of 29%, not 50%.

Interestingly, EI has net cash (after deducting all its borrowings) of €336m at December 2009. This compares to net debt in FR at the same date of €(7m). Strange you never comment on this.
http://www.aerlingus.com/Corporate/AerLingus_090310.pdf

Gross Cash 2008 - €1206.8 M
Gross Cash 2009 - €828.5 M

Gross Debt 2008 - €552.9 M
Gross Debt 2009 - €492.6 M

Cash - Debt 2008 €653.9 M
Cash - Debt 2009 €335.9 M
Decline in Cash 48.7 % or rounded up to 50% DECLINE.
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