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Aer Lingus commences implementation of cost cutting plan; limited visibility for 2010 outlook

31-Mar-2010 12:30 PM

Aer Lingus confirmed it has commenced the implementation of its EUR97 million cost-cutting plans, commenting that it has "started the process of improving yields while implementing the necessary cost reduction programme" (AFP/dpa/Irish Times/The Independent, 30-Apr-2010). The carrier stated it has "limited visibility at the moment over the second half of 2010", adding, "all our primary markets remain in recession, in particular the group's core Irish market". However, it reiterated that it would return to profit as soon as the Irish economy recovers.