It would now appear that Aer Lingus plans on cutting some of its routes at Belfast by axing routes to Milan, Paris, Rome, Faro, and Barcelona. This move is all part of the airline’s island wide cut for this winter schedule. On top of this, Aer Lingus is also planing on laying off 55 cabin [...]

www.aerlingus.com As a way to deal with the ever worsening economy, Aer Lingus has announced that it will be slashing its capacity by up to a quarter. According to the official statement that was released by Aer Lingus, routes from Dublin to San Francisco, as well as Washington, will cease to run as of October [...]

www.aerlingus.com Aer Lingus has just issued another profit warning. This makes the third profit warning of the year. Aer Lingues went on to say that trading conditions have worsened during the first quarter of the year. The carrier, who is without a chief executive after the resignation of Dermot Mannion, has forecast a loss for [...]

www.aerlingus.com Dermot Mannion, the chief executive of Aer Lingus, has chosen to resign with effects starting immediately. The announcement comes just one month after the carrier reported disheartening losses. The report went on to say that bigger losses were in store for 2009 as share prices have already fallen 65 percent in just the past [...]

Ryanair, the largest budget carrier in Europe, said that their bid of €1.40 per share for Aer Lingus, valuing the carrier at €748, will not succeed after the government of Ireland, who owns a 25% stake in the airline, rejected the offer. On Thursday, Ryanair said that they will respect and abide by the decision [...]

On Tuesday, Aer Lingus and Ryanair held talks again over the €750 million takeover bid by Ryanair, with Aer Lingus repeating that they reject the offer again. An Aer Lingus spokesperson said that they have explained to Ryanair that the bid undervalues the carrier, their sturdy financial position, ignores substantial issues with competition, and therefore [...]

Dermot Mannion, the Chief Executive at Aer Lingus, has called the latest takeover bid from Ryanair pathetic. The bid values the airline at only €748 million, which is half of what Ryanair offered on their first bid 2 years ago. The Irish Transport Minister, Noel Dempsey, and Mr. Mannion met in order to persuade the [...]

The opposition of the Irish government to the bid of €748 million for Aer Lingus from Ryanair is weakening. The Irish government owns over 25% of the flag airline and has been opposed to the bid from Ryanair since 2006. A transport ministry spokeswoman said that they wouldn’t comment until a formal bid is submitted [...]