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Aer Lingus - 5

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Old 16th Mar 2009, 01:26
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Which is the one I read and as for Indo ? What Indo ?
That's the Skindo my friend. You know it well.

Net Cash at end of 2009 expected to be circa €400 to €430m.........

A decline of €250m
Ryanairs net cash?
88M...... not too healthy in the current environment.

Page 18
Debt which is the loans take out has gone up from

2007 €375.2M TO 2008 €552.9 m........................
Credit is cheap, and aircraft are too.
Still in better cash shape than Ryanair.
What'll Micko do with his 47 extra Boeings?
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Old 16th Mar 2009, 12:18
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gold rivet

Sadly I disagree
Pikey antics should be confined to pikeys and those from Mullingar
Minnion must be getting desperate
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Old 16th Mar 2009, 18:22
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Ryanairs net cash?
88M...... not too healthy in the current environment.
Published financial statements show a completely different picture so if you are happy to provide the breakdown summary then please do so it can be verified.

Own work rather than a link to someone elses website as seemingly The Skindo ? whatever that is, seems not to be accepted.
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Old 16th Mar 2009, 21:37
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As Curser says:
Make sure you have the homework done for Wedensday
Btw hope he is'nt banned too!!
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Old 16th Mar 2009, 21:38
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Maybe it's time for EI to get innovative on the long haul front; a few years back, WW had the idea of a low-cost no frills operation, along the lines that Air Asia is now introducing. Given that people, if they travel long haul at all, will be extremely cost conscious, this might be something worth looking at.

A three class operation:
1) Premier, as current -but about 12-18 seats.
2) Economy, as current, but a much smaller section.
3) No frills Economy - 9 abreast on the A330, buy food on board; IFE also for a fee (apart from basic programs like AirShow).

Could be used to innovate in other markets too?
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Old 16th Mar 2009, 23:24
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Daz you don't get it do you?

O'Leary has failed twice now and will fail again, as many times as it takes for him to see the light. No one that matters wants to see his horrible operation canibalise Aer Lingus or any other operation for that matter.

The entire industry is in trouble at the moment and your trumpeting one struggling outfit at the expense of another struggling outfit is pathetic.
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Old 17th Mar 2009, 08:23
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Red face

akerosid, there's also the option of scrapping the atlantic operation but then thats the start of the end.
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Old 19th Mar 2009, 16:40
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was just looking at flights from belfast to Lanzarote, loads must be good over easter! Prices are at a rediclous 457 for a return flight not inlcuding bags etc!!!

I really do hope this means it is proving popular! Also does anyone know when tenerife goes on sale?
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Old 19th Mar 2009, 17:17
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Travelled Belfast International to Lanzarote with Aer Lingus recently, out 5th March back 12th. Both flights appeared 90%+ LF.

Maybe the time of year, but both flights were like nurseries with screaming children non-stop for duration. First time travelling EI and pretty impressed, clean aircraft, professional staff. Only negitive is lack of entertainment. Yes, I read, listened to ipod etc, but a movie wouldn't have went a miss, similar to the offerings on the charter carriers. Was it rumoured that EI may install IFE to some of their shorthaul aircarft for the slightly longer routes??
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Old 19th Mar 2009, 21:12
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Quote:
"there's also the option of scrapping the atlantic operation but then thats the start of the end."

I wasn't suggesting that for a moment; I was just wondering if there was anything they could do to stimulate demand in what will be an extremely price conscious market for a long time to come.
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Old 22nd Mar 2009, 17:55
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From todays Sunday Indo:

By LOUISE McBRIDE


Sunday March 22 2009

AER Lingus looks set for more backtracking on its €1.8bn Airbus plane deal.

Under the 2007 deal, Aer Lingus bought 12 long-haul aircraft, three of which were due to be delivered this year.

However, the cash-strapped airline has already pushed back the delivery of one of the 2009 fleet to 2010, and is considering deferring more.

A spokesman for the airline said that it was reviewing its "near-time" delivery commitments for long-haul planes.

He said the outcome would "depend on negotiations with Airbus".

In a cost-cutting move last November, Aer Lingus postponed its Dublin to LA route. However, its share price has continued to dive since.

"The market is concerned that the cashball Aer Lingus had is dwindling very quickly," said Stephen Furlong, aviation analyst with Davy.
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Old 22nd Mar 2009, 18:11
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Well I for one am shocked. The Indo has published a piece putting down Aer Lingus, well f%$£ me! Wait till next Sunday it will get worse and little sniping all week long in its daily form. Read slowly- Consider the source.
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Old 22nd Mar 2009, 22:21
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Well I for one am shocked. The Indo has published a piece putting down Aer Lingus, well f%$£ me! Wait till next Sunday it will get worse and little sniping all week long in its daily form. Read slowly- Consider the source.
Presume this is the same paper that last Sunday highlighted Aer Lingus was burning through cash.

Funny that I have published what Aer Lingus stated in their accounts regarding their use of cash in 2009 and nobody has disproven what Aer Lingus have publicly stated.

The statement from Aer Lingus is clearly stating that talks are being had with Airbus regarding delivery.

Are you stating the story is wrong or are you stating the story is right but you just have a distaste for the source.
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Old 22nd Mar 2009, 23:23
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Im not sure what the Indo's point is.

EI will have work for the aircraft (2) arriving next year. The new JV with United out of IAD will give aircraft and crews work. If needs really be then EI can terminate leases. They already have one of the 332s (EWR) on a power by the hour basis as it can not be placed elsewhere. I understand that the remaining original 333s which have not had new cabins can be sent back next winter.

Brian.
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Old 23rd Mar 2009, 08:51
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surely those 330's going back are going to the bone yard?
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Old 23rd Mar 2009, 12:30
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Does anyone know exactly how the tie up with United works? Is it only bookable on the United website, I saw that it provides connections to over 200 destinations but these are not listed on the EI website?

Also are there any figures published which show how many people actually use DUB as a hub and fly transatlantic via DUB from Rome or Warsaw for example.
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Old 23rd Mar 2009, 12:36
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If FR finally got hold of EI, what I wonder is: Would prices and services under a Ryanair near-monopoly be any worse than they were under the Aer Lingus virtual monopoly, when Dublin-London was among the most expensive routes in the world?
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Old 23rd Mar 2009, 18:42
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EI-RB, very good post - and very good article by GF as well, although I wish he'd done more for EI when he was Taoiseach!

Anyway, the point I was trying to raise was, what is EI going to do to develop new markets; they did look at long haul low-cost some time ago (in WW's time) and maybe, as a means of stimulating demand, it might be worth looking at this again, particularly as a means of getting into new markets.

I think it's probably too early to judge EI's success at LGW; needless to say, I hope it is a huge success, but in the current environment, I still wonder if it makes sense that your smallest aircraft is a 174 seater? Surely, something considerably cheaper to operate (and it can't be that hard to drive a very attractive deal right now?), which can be profitable with lower pax numbers, would make more sense, particularly when - from next year - EI will be wanting to focus on developing a hub at DUB, with the opening of the new terminal? Many UK routes have gone down to one daily and that really doesn't work.

I don't see MO'L/FR backtracking on its charges, ever; I can see them being particularly aggressive , particularly with EI over the coming months, which makes it all the more important that EI is clear about its own strategy.
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Old 23rd Mar 2009, 19:16
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If EI return to different fleets and routes it is very costly. They say their low cost, why complicate with two different crew requirements, maintenance costs, scheduling, route planning, contractual agreements and a/c changes.

Although it may seem a silly idea to have A32X as the smallest, ideally it is actually very efficient and cost effective.
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Old 24th Mar 2009, 00:11
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Just robbed this off Boards.ie, Im sure Bramble wont mind!

Just spotted confirmation that EI are expecting their next A330 in 'mid-june'. Reg will be EI-EDY.

Currently EI have:
2 'old' A333- DUB JFK
2 'new' A333- DUZ EAV
1 'new' A332- DUO
2 'old' A332- LAX EWR
1 refitted A333- ORD
1 A332 getting cabin refit DAA
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