It now seems that Aer Lingus is expected to announce even more job cuts. This announcement came just after the carrier concluded its talks with trade unions. This is all part of the airline’s plans to make $100 million in cost cuts.

Just last week, Aer Lingus, revealed that its revenues fell by 10 percent in the last quarter compared with the same time frame in 2008. Industry analysts are a little worried about how fast the company is burning through cash.

Around the end of September, the airline had a cash reserve of about $600 million, which is some 39 percent lower than last December. The airline’s transatlantic market, flying from London and Dublin to United States cities, has struggled. This goes double now that many Americans are finding the dollar very week when compared to the euro. This makes Europe just a little too expensive to visit in light of the economy.

On top of this, Ireland is suffering from one of the deepest recessions in all of Europe. Recovery for Ireland is not predicted anytime soon. Just last month the new chief executive of Aer Lingus, Christoph Mueller, outlined new plans for cuts that would include 676 jobs from their 4,000 staff.

Also, the airline is thinking about selling some of its aircrafts. According to some reports, some eight Airbus jets could be sold as a result of these cost cutting plans. Right now Ryanair owns 30 percent of Aier Lingus and is still interested in doing some kind of deal with the company. Thus, Ryanair could hold the fate of Aer Lingus in its hands.