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Old 29th Oct 2016, 17:26
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EI-A330-300
 
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IAG released Q3 results yesterday and while nothing specific to EI they stated EI's operating margin was 29.7% over the period (BA 18.6%, VU 17.4%, IB 15.9%)

In terms of OW on track for 2017 and this on JV:

Mr Walsh also said that negotiations that will see Aer Lingus join a joint venture that includes British Airways and American Airlines and operates across the North Atlantic, are "progressing well". The joint venture sees American and British Airways share revenue.

The model helps them to deepen their network penetration, and coordinate schedules and pricing.

Mr Walsh said Aer Lingus will initially do more code-sharing with American before joining the venture.

"Then it's how we bring them [Aer Lingus] into the joint business," he said.

"Aer Lingus is unique in terms of how it operates and can operate on the transatlantic, and therefore we need to ensure that flexibility is retained and not in any way inhibited by being part of the joint business.

"We don't want a straitjacket placed on Aer Lingus," the chief executive said.

Mr Walsh said that American previously "didn't fully understand the Aer Lingus model", and that it now "better understands" the opportunity that Aer Lingus presents, both as a standalone entity and as part of an alliance.
'Impressive' summer for Aer Lingus but sterling weighs on IAG parent - Independent.ie
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