Originally Posted by
Sikpupi
How the hell they lost €18m I don't know.....
From their website:
Details on Aer Arann’s performance will be reserved for the hearing in the High Court but in broad terms the airline lost approximately €6million in each of 2008 and 2009. Losses of €6million have been incurred to date this year predominantly due to the impact of the volcanic ash disruption. These combined losses have led to a deficit in shareholder funding of approximately €13million at the end of July this year.