Aer Lingus - 5
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Several passenger service related posts moved here: http://www.pprune.org/passengers-slf...questions.html
Lawyers for UA pilots examine new EI pact
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2008 Preliminary results
http://www.aerlingus.com/Corporate/P...INAL820608.pdf
EUR 107.8 Million loss after tax.
Outlook:
Net cash still looking half decent:
Short haul fleet:
Short haul capacity (from presentation):
Comments from Sean Coyle:
Aer Lingus bookings falling and long-haul struggling - Yahoo! Finance
Share price:
AER LINGUS GRP Share Price Chart | AERL.L - Yahoo! Finance UK
Investor Presentation:
http://www.aerlingus.com/Corporate/P...0309_FINAL.pdf
EUR 107.8 Million loss after tax.
Outlook:
In the current climate we believe that in 2009 Aer Lingus will experience a larger operating loss than in 2008 and that in these circumstances the Group is unlikely to meet its previous guidance of a pre-tax profit in 2009.
Net cash has reduced to €653.9m (2006: €757.0m) as a result of operating losses and significant capital expenditure.
Three additional A320s will join the fleet in March and April 2009, on operating leases, to operate from the new London Gatwick
base. We will reduce the Dublin based fleet by one A320 due to the weakening of demand ex-Ireland.
base. We will reduce the Dublin based fleet by one A320 due to the weakening of demand ex-Ireland.
Dublin down 4%, Belfast down 1%, Cork down 1%, Shannon and Gatwick new.
Aer Lingus bookings falling and long-haul struggling - Yahoo! Finance
Share price:
AER LINGUS GRP Share Price Chart | AERL.L - Yahoo! Finance UK
Investor Presentation:
http://www.aerlingus.com/Corporate/P...0309_FINAL.pdf
Net cash at end of 2009 expected to be circa €400m to €430m depending on operating result and working capital position.
Last edited by anna_list; 11th Mar 2009 at 09:44.
Thanks Anna
In December they were claiming they would make an Operating profit which was never going to happen.
A provision of €140 M for cost reductions will cover redundancies and pay offs. This is cash going immediately out of the business with little or no benefit coming back in so their cash position is just going to get a lot worse.
Share price in early trading was €0.71 which has collapsed from V €1.60 when there was a bid from FR.
A depressing set of results with passengers numbers continuing to decline month on month.
In December they were claiming they would make an Operating profit which was never going to happen.
A provision of €140 M for cost reductions will cover redundancies and pay offs. This is cash going immediately out of the business with little or no benefit coming back in so their cash position is just going to get a lot worse.
Share price in early trading was €0.71 which has collapsed from V €1.60 when there was a bid from FR.
A depressing set of results with passengers numbers continuing to decline month on month.
Join Date: Mar 2005
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Strangely, Ryanair could probably increase the price of Aer Lingus shares by selling some.
At the moment, there's no reasonable prospect of another bidder, whether another airline or someone who wants to get their hands on the Aer Lingus cash.
At the moment, there's no reasonable prospect of another bidder, whether another airline or someone who wants to get their hands on the Aer Lingus cash.
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There is no desire for MOL to take over and run Aer Lingus. With his latest ranting and raving, I believe he is taking step too far and is quite simply going mad. He is only interested in destroying aer lingus, plain and simple.
Incidentally, how much does all this going to court stuff, and injunctions, and pondering about stuff cost ryanair every year?
Incidentally, how much does all this going to court stuff, and injunctions, and pondering about stuff cost ryanair every year?
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The €1.40 per share from Ryanair is looking very generous now.
Staff? They wouldn't sell at €10.
Government? They would hand over control of Irish aviation to O'Leary. Never going to happen.
Including Ryanair that is over 75% of shareholders who don't care about the share price.
And as for your previous post they did make an operating profit close to what they guided in December.
I suspect you work for a company that is losing more per quarter than what AL is losing per annum. Would that be accurate?
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missterrible->The figures fall into three categories
An operating loss
A profit from financial gains
A loss relating to restructuring (and presumably any costs associated with the Ryanair takeover attempt)
The profit from financial gains is essentially the interest earned on the cash on the balance sheet.
Ongoing operations were loss-making last year. Few would be surprised by this considering the state of the aviation industry.
More worrying is the expected net loss in 2009. This suggests that they expect the operating loss to approximately double this year considering the likely financial profit. While demand is very weak at the moment, the savings from restructuring should be coming onstream and the price of oil is considerably lower, so a doubling of the operating loss would be a bad performance.
An operating loss
A profit from financial gains
A loss relating to restructuring (and presumably any costs associated with the Ryanair takeover attempt)
The profit from financial gains is essentially the interest earned on the cash on the balance sheet.
Ongoing operations were loss-making last year. Few would be surprised by this considering the state of the aviation industry.
More worrying is the expected net loss in 2009. This suggests that they expect the operating loss to approximately double this year considering the likely financial profit. While demand is very weak at the moment, the savings from restructuring should be coming onstream and the price of oil is considerably lower, so a doubling of the operating loss would be a bad performance.
And as for your previous post they did make an operating profit close to what they guided in December.
They also claimed on 21st of December they would make an operating profit in 2009.
They have no chance and have bled cash all year and that will continue.
A loss relating to restructuring (and presumably any costs associated with the Ryanair takeover attempt)
The profit from financial gains is essentially the interest earned on the cash on the balance sheet.
EI borrowed heavily in 2008.
Bearcat my friend have no shares in Aer Lingus nor do I believe has anyone close to me.
Below €0.40 it may be worth a buy.
I think many people are dumping the stock because board are now saying they weren't telling the truth in December.
5 Million share is 1 % of the company a lot so possible someone is stake building.
There isn't any light at the end of the tunnel here and there will not be for a long time.
Below €0.40 it may be worth a buy.
I think many people are dumping the stock because board are now saying they weren't telling the truth in December.
5 Million share is 1 % of the company a lot so possible someone is stake building.
There isn't any light at the end of the tunnel here and there will not be for a long time.
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Is it time for EI to consider its short haul fleet strategy; sure, there are advantages to having a single type, but given the need to slash fares to keep load factors stable, is having a 174 seater as the smallest aircraft in your fleet really the best way forward, at a time of economic stagnation?
Yes, hopefully the recession would not be around by the time EI might pick and aircraft and introduce it, but it would certainly allow it to maintain some marginal routes, as well as increase frequencies on other routes - an important factor if the airline wishes to make DUB a plausible t/a hub.
Yes, hopefully the recession would not be around by the time EI might pick and aircraft and introduce it, but it would certainly allow it to maintain some marginal routes, as well as increase frequencies on other routes - an important factor if the airline wishes to make DUB a plausible t/a hub.
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wake up guys/gals
op profit of roughy 21.2m
every plc has has restructuring costs in the last few months - thats reality - it is here anyway in the city...with a low gearing, asset strip out that still leaves them with considerable cash (if needed) they are doing great...
op profit of roughy 21.2m
every plc has has restructuring costs in the last few months - thats reality - it is here anyway in the city...with a low gearing, asset strip out that still leaves them with considerable cash (if needed) they are doing great...