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Old 7th Nov 2011, 20:56
  #193 (permalink)  
racedo
 
Join Date: Nov 2008
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Racedo, you have been quiet since your prediction that Aer Lingus would run out of cash suffered a hull loss.
Nope I haven't been.

Perhaps you should read their own financial statements to find out where all the money has gone.

Bases and routes opened and cancelled, staff taxes paid for them, massive redundancies, losses paid for by using up shareholders cash etc etc... Goodbye half a billion.

And for what ?
How much has actually being spent building something ?
How many new as distinct from pre owned aircraft have they used to build the business ?

Aer Lingus has made up strategy after strategy and all of them have left them in a worse position than before.

As for the US market, whether its 40, 60 or 100 million people, the facts remain that less than half a million people use them from the US across the Atlantic each year so the idea that Virgin buying them would destroy something is kinda laughable.
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