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Aer Lingus

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By *inkyDragon OP   Man
2 weeks ago

Castleknock

Looking at news feeds and social media all day and Aer Lingus features heavily with the announcement that job cuts could affect 500 workers. That’s a huge blow to the economy and the company and the knock on effects that will have on the workers communities too. Hopefully it won’t be as many as they say. They seem to have an over reliance on America and a short sightedness on European destinations.

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By *otownkid1967Man
2 weeks ago

Portlaoise

Job losses are inevitable at Aer Lingus.They can't compete on short haul routes with so many budget carriers. Long haul barely breaks even. Its sad really.

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By *ookAndDorkCouple
2 weeks ago

The West

It's no surprise.

It's a catch 22. They can't reach the operating margins specified by IAG and they can't run a leaner ship because the legacy state ownership model and union's are so deeply entrenched that reducing costs is almost impossible.

Eventually it will be sold off.

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By *ursecretmischiefCouple
2 weeks ago

Westmeath The West.


"It's no surprise.

It's a catch 22. They can't reach the operating margins specified by IAG and they can't run a leaner ship because the legacy state ownership model and union's are so deeply entrenched that reducing costs is almost impossible.

Eventually it will be sold off.

"

They've tried hard to make this a viable business, but like you said the legacy state ownership just won't allow it.

Give you an insight into other state bodies and departments, theyre burning through cash!!

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By *adger BrocMan
2 weeks ago

North Cork

The privatisation of Aer Lingus began 20 years ago and it has had no government involvement since 2011. I doubt there is very much public ownership legacy left at this stage. It's difficulties arise from scale of operation and market positioning issues.

More about competition and inappropriate business model than anything to do with its former state ownership.

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By *ichael McCarthyMan
2 weeks ago

Lucan


"It's no surprise.

It's a catch 22. They can't reach the operating margins specified by IAG and they can't run a leaner ship because the legacy state ownership model and union's are so deeply entrenched that reducing costs is almost impossible.

Eventually it will be sold off.

They've tried hard to make this a viable business, but like you said the legacy state ownership just won't allow it.

Give you an insight into other state bodies and departments, theyre burning through cash!!

"

It's over a decade since they were in state ownership though, and a few decades before that they had lost their monopoly position. Surely they should be able to stand on their own two feet by now, if they're ever going to?

Could this be a case of IAG being greedy and expecting too much of what's now a relatively small airline?

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By *og-ManMan
2 weeks ago

somewhere


"It's no surprise.

It's a catch 22. They can't reach the operating margins specified by IAG and they can't run a leaner ship because the legacy state ownership model and union's are so deeply entrenched that reducing costs is almost impossible.

Eventually it will be sold off.

They've tried hard to make this a viable business, but like you said the legacy state ownership just won't allow it.

Give you an insight into other state bodies and departments, theyre burning through cash!!

It's over a decade since they were in state ownership though, and a few decades before that they had lost their monopoly position. Surely they should be able to stand on their own two feet by now, if they're ever going to?

Could this be a case of IAG being greedy and expecting too much of what's now a relatively small airline? "

They're making 11% profit margin but for IAG to invest they need to see 15% profit margin

Personally I think they opened a few routes that weren't viable into America just as some people decided they wouldn't visit America because of Trump

Also doesn't help when you get pricks like Pepper going on FOX news telling Americans not to visit Ireland

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By *leepy69Man
2 weeks ago

Cashel

Its complex.

The IAG corporate and geographical structure is partly to blame, but also unions don't help.

But in the main macro economic factors are the main driver.

Restructuring is ongoing.

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By *ilthyNightsCouple
2 weeks ago

East / North, Cork

I don't know much about this sector, but from reading the reporting it seems they are just cutting unprofitable routes. They aren't a public service, any business would cut a product or service that isn't profitable. They have shareholders to please and are duty bound to take action like this where necessary.

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