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Old 24th Feb 2014, 19:59
  #2058 (permalink)  
EI-A330-300
 
Join Date: Oct 2011
Location: Dublin
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A year of standing still.

Still committed to given €140 million to pension fund and that is excluding anything for pilots assumming shareholders agree

Strike still seems to be in the offing in March which will kill revenue around St Patricks day.
Given they expected 69-70 but revised it to 60 because of the weather and the market softness in Q3 and Q4 I think they did well considering. Remember a lot of once off costs such as Virgin and extra A330 doing nothing for 3 months and set up costs around 55 million. Then there is the savings of the 119 staff who left the company in late Nov/Dec have not reflected in the results as expected oh and lets not forget the legal costs against your friends

I believe its 110 million for the pension however if a strike happens in March (no way will the government allow it) over that weekend. The total costs of the strike will be deducted from the 110 million they propose to pay.
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