Aer Lingus - 5
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Mannion is leaving
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Many other reports on this today; departure is said to be "amicable", but one can't help wondering if he jumped or if he was pushed. There were rumours about his imminent departure earlier in the year.
Many other reports on this today; departure is said to be "amicable", but one can't help wondering if he jumped or if he was pushed. There were rumours about his imminent departure earlier in the year.
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Mannion showed no clear vision or warmth. Staff are again left disillusioned. In the last 10/11 years there have been 5 CEO's. It's a joke. Gary McGann, Gary Cullen, Michael Foley, Willie Walsh and Dermot Mannion. There's nothing stable and most of all at the top. There has been rumour that Mannion was going ever since it was spotted that he had struck up a deal for a nice golden handshake with John Sharman.
Let's see Barrington and the board find someone with balls. Sean Coyle might be good but he's perhaps not got enough experience yet???? Not sure. Enda Corneille may be more what the board are looking for but I fear he's a bit of a loose cannon.
Let's see Barrington and the board find someone with balls. Sean Coyle might be good but he's perhaps not got enough experience yet???? Not sure. Enda Corneille may be more what the board are looking for but I fear he's a bit of a loose cannon.
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share price up this morning..must be a crap feeling to know that your leaving a company drives the share price up.
He had done some good stuff, made some big boo boos too but can't see too many people being upset at his departure..had his day imo.
He had done some good stuff, made some big boo boos too but can't see too many people being upset at his departure..had his day imo.
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Mannion Departure
I think Dermot Mannion improved as time went by with Aer Lingus originally I thought he was a bit soft and he was sailing on the strenght of Willie Walsh's legacy. Things move on and a successor will come, he/she will have there hands full at the moment what with intense competition and the state of the economy. It is a little worrying as to why he left at such short notice, i fear that financials poorer than expected.
However, my big fear is for the Belfast base, most of the routes are struggling in my view and I wouldnt be surprised if a new leader took stock of the whole thing?
Does anyone agree?
Ei-Bud
However, my big fear is for the Belfast base, most of the routes are struggling in my view and I wouldnt be surprised if a new leader took stock of the whole thing?
Does anyone agree?
Ei-Bud
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The Pilots were actively campaigning for the removal of the CX for months.
Now that they have got their way, what will they do next?
Is this the start or finish of what they want? Or have they even though of that?
Now that they have got their way, what will they do next?
Is this the start or finish of what they want? Or have they even though of that?
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with regard to the belfast base, perhaps that what it needs a total shake up. Come on look at the routes, Barcelona leave easyjet to that, same with malaga,paris and faro. To me they should look at markets with no competition like Jet2 have done with Dubrovnic, Menorca, Newquay and Jersey.
What about Tenerife (which i know is being looked at) Gran Canaria, Egypt, Dalaman, Bodrum, Greece even Cyprus? All of which would be year round, except Dalaman and Bodrum.
They have said how well ACE is doing, personally i think they should be doing longer sun routes with virtually no competition just up against the charters with rediculous prices!!!! This I think would prove extremly popular!
mark
What about Tenerife (which i know is being looked at) Gran Canaria, Egypt, Dalaman, Bodrum, Greece even Cyprus? All of which would be year round, except Dalaman and Bodrum.
They have said how well ACE is doing, personally i think they should be doing longer sun routes with virtually no competition just up against the charters with rediculous prices!!!! This I think would prove extremly popular!
mark
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It looks like Belfast has matured into a much stronger base over the last few months.
- The base sold over 100,000 seats in March
- Bookings are 50% ahead of this time last year
- Bookings now in line with Dublin and Cork
- Strong advance bookings for Lanzarote
- Lanzarote flights have been virtually full all the time
- Tenerife expected for next winter
- Rome, Malaga and Faro also strong
Milan and Munich seem to be the obvious weak routes, they always seem to have rock bottom fares and are the only routes that have remained in the £9.99 sale which ended for all other routes at the end of last month. Paris and Heathrow don't seem to be performing either, last summer Heathrow had an average load factor of around 70% but during the winter I believe it fell below 50% which can't continue especially with such low fares on the route. Paris always seemed like a strange choice, it was a quick fix to cut the second daily to Amsterdam.
I agree with Mark that Aer Lingus should be looking at markets where there is very little competition but sadly Aer Lingus seem to have this mindset that if it isn't already at Dublin then it wont be at any other base. Aer Lingus have never tried any new routes from other bases that aren't already served from Dublin, with the exception of Knock from Gatwick of course. I hope this changes when the new CEO takes over, opportunities are out there and just because they haven't been tried at Dublin doesn't mean they wont work at Cork, Belfast or Gatwick.
- The base sold over 100,000 seats in March
- Bookings are 50% ahead of this time last year
- Bookings now in line with Dublin and Cork
- Strong advance bookings for Lanzarote
- Lanzarote flights have been virtually full all the time
- Tenerife expected for next winter
- Rome, Malaga and Faro also strong
Milan and Munich seem to be the obvious weak routes, they always seem to have rock bottom fares and are the only routes that have remained in the £9.99 sale which ended for all other routes at the end of last month. Paris and Heathrow don't seem to be performing either, last summer Heathrow had an average load factor of around 70% but during the winter I believe it fell below 50% which can't continue especially with such low fares on the route. Paris always seemed like a strange choice, it was a quick fix to cut the second daily to Amsterdam.
I agree with Mark that Aer Lingus should be looking at markets where there is very little competition but sadly Aer Lingus seem to have this mindset that if it isn't already at Dublin then it wont be at any other base. Aer Lingus have never tried any new routes from other bases that aren't already served from Dublin, with the exception of Knock from Gatwick of course. I hope this changes when the new CEO takes over, opportunities are out there and just because they haven't been tried at Dublin doesn't mean they wont work at Cork, Belfast or Gatwick.
Looks like Mannion was pushed with a severance package, this will be announced at half year or full year results time.
Leaving on same day as announcement with no handover period to new guy and no job announced as of yet to go to sounds like a push.
Chief Execs of public companies don't go like this on voluntary basis over a weekend.
Not really a shock.
Leaving on same day as announcement with no handover period to new guy and no job announced as of yet to go to sounds like a push.
Chief Execs of public companies don't go like this on voluntary basis over a weekend.
Not really a shock.
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Back in December it seemed Aer Lingus were ready to announce Tenerife, they even said it would start in September so maybe they got wind of Jet2's plans and decided to look at other possible destinations in the Canaries.
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Looks like Mannion was pushed with a severance package, this will be announced at half year or full year results time.
Leaving on same day as announcement with no handover period to new guy and no job announced as of yet to go to sounds like a push.
Chief Execs of public companies don't go like this on voluntary basis over a weekend.
Not really a shock.
Leaving on same day as announcement with no handover period to new guy and no job announced as of yet to go to sounds like a push.
Chief Execs of public companies don't go like this on voluntary basis over a weekend.
Not really a shock.
If it goes to a former Ryanair staffer it will be ironic in the extreme.
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I hope this changes when the new CEO takes over, opportunities are out there and just because they haven't been tried at Dublin doesn't mean they wont work at Cork, Belfast or Gatwick.
let's not forget Shannon in this equation. FR are apparently pulling off a heap of routes ex SNN such as faro, malaga and barcelona (girona). These flights I've been on a number of times as well as my family and friends and reports come back saying that they are always full. There's an opportunity for EI to jump in and take em and keep em. SNNLHR is back and there's a 321 going onto it for the summer due to the high bookings already.
let's not forget Shannon in this equation. FR are apparently pulling off a heap of routes ex SNN such as faro, malaga and barcelona (girona). These flights I've been on a number of times as well as my family and friends and reports come back saying that they are always full. There's an opportunity for EI to jump in and take em and keep em. SNNLHR is back and there's a 321 going onto it for the summer due to the high bookings already.
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Flybe @ Gatwick
Flybe have really made a huge song and dance today about a new base at Gatwick (baing 1 aircraft and adding 1 route to Düsseldorf) .
Maybe it's just one new Flybe route to Düsseldorf and thus nothing to worry about...
I'm curious however to know when Aer Lingus will announce the routes their next 4 aircraft will operate.
- Do Flybe have big plans for Gatwick? More new routes in the pipeline?
- Did Flybe get wind of Aer Lingus planning a Düsseldorf route and jumped in ahead of them?
- Is Gatwick going to enjoy a fare war between Aer Lingus, Easyjet and Flybe at Gatwick on key European routes?
Maybe it's just one new Flybe route to Düsseldorf and thus nothing to worry about...
I'm curious however to know when Aer Lingus will announce the routes their next 4 aircraft will operate.
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Air France deal rumour
Hot off the presss rumour tonight from an informed source at EI is that Dermot Mannion has left Aer Lingus after agreement with the board to make way to allow Aer Lingus conclude a deal with Air France which will most likely lead to a trade sale. Meetings between senior management of AirFrance and Aer Lingus were held in Paris just over 2 weeks ago with significant progress reported. Govt and shareholders incl. the ESOT and Pilots are expected to be asked shortly to get behind the deal which will see AF become the majority shareholder in Aer Lingus. If deal is successful, the proposed new CEO of Aer Lingus will be CityJet CX Jeff White. CityJet is currently owned 100% by Air France. Speculation by well briefed instutional investors surrounding the deal has led to a surge in Aer Lingus Share price today.
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a deal with Air France which will most likely lead to a trade sale.
the trade sale deal should have employees and the general public concerned!!!!! LHR slots could and would be transferred over to the larger AF operation leaving most Irish pax with a need/desire to travel beyond Europe towards Asia, Africa and Australia having to go through CDG for connections. CDG is a nightmare ..... worse than LHR most of the time. Although I've great respect for the AF operation how will it fit into the AF/KLM operation. I fear this could really spell the true beginning of the end of EI altogether.
the trade sale deal should have employees and the general public concerned!!!!! LHR slots could and would be transferred over to the larger AF operation leaving most Irish pax with a need/desire to travel beyond Europe towards Asia, Africa and Australia having to go through CDG for connections. CDG is a nightmare ..... worse than LHR most of the time. Although I've great respect for the AF operation how will it fit into the AF/KLM operation. I fear this could really spell the true beginning of the end of EI altogether.
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Merde, zut alors and other naughty French words!!
This is interesting - and not necessarily a bad thing. I guess one immediate question is how this would affect Cityjet, which is also owned by AF.
It seems that it is part of a general division of Europe among the three major airline group; LH has been buying left, right and centre (BD, SN, LX, with OS to come) and BA is hoping to link up with IB. EI is just another link in that chain.
Why should it necessarily result in the end of EI as an airline; it could be a good thing for EI, particularly if AF supports the creation of a hub at DUB, with WX (and possibly VLM, also now owned by Cityjet, providing feed).
This is interesting - and not necessarily a bad thing. I guess one immediate question is how this would affect Cityjet, which is also owned by AF.
It seems that it is part of a general division of Europe among the three major airline group; LH has been buying left, right and centre (BD, SN, LX, with OS to come) and BA is hoping to link up with IB. EI is just another link in that chain.
Why should it necessarily result in the end of EI as an airline; it could be a good thing for EI, particularly if AF supports the creation of a hub at DUB, with WX (and possibly VLM, also now owned by Cityjet, providing feed).