IAG | Business Post

Aer Lingus returns to profit for the first time since the start of Covid-19

The airline group reported a full year operating profit of €45 million for 2022 thanks to a strong recovery in leisure travel last year

Aer Lingus returns to profitability for the first time since start of pandemic

The airline reported a third quarter operating profit of €139 million and said it now expects to make a modest profit for its full financial year

O’Leary: Ryanair shareholders won’t get cash return until 2024

Chief executive expects his airline to recover from Covid-19 and the war in Ukraine, achieving net zero debt in the next two years

Aer Lingus parent company finalises deal to buy 50 Boeing planes

IAG also secured options to purchase an additional 100 planes at a set price should they be required

IAG boss: European short-haul flights close to pre-Covid levels

Bookings for both for business and leisure are almost back to pre-pandemic levels despite Russia’s invasion of Ukraine, says Luis Gallego

Company Watch: Covid-19 pandemic cost Aer Lingus €1bn

Airline’s chief executive says she is optimistic about airline’s future despite significant losses suffered as a result of travel restrictions

Company Watch: Aer Lingus hopes for post-Covid take-off as US flights sell out

The airline has lost €270 million so far this year, but is optimistic that it can slowly return to normal now the US is opening up for travel

The Last Post: Airline chiefs gamble on US reopening to clear them for takeoff

IAG’s chief executive said business will be back to 90 per cent capacity by next summer, but airline lessors estimate it could take until 2024 to return to normal

IAG reports €2.6bn losses for 2021

Airline group that owns Aer Lingus secured additional €4.4 billion of non-aircraft debt in 2021, but cast doubt over its ability to secure any further funding in the event of ‘a more severe downward scenario’ in the future

Aer Lingus reports €192m operating loss for the first half of 2021

The airline group said passenger revenues were down 90 per cent compared with the same period last year.

State to inject €20m into airports ahead of travel resumption

Move follows intense pressure on government from an aviation sector haemorrhaging millions due to the pandemic

The Last Post: Buying back Aer Lingus might not actually be a flight of fancy

It would cost us dearly, but our tourist industry and international connectivity may depend on the state repurchasing the national airline

Pay cuts, job losses or both needed at Aer Lingus, says chief executive

Lynne Embleton says restructuring is necessary to ensure the short-term survival of the airline

The Last Post: All to play for at Celtic as Desmond considers taking gamble on Keane

Dermot Desmond has always liked to go his own way in decision making, and fireworks are near-guaranteed if he appoints Roy Keane as the next manager of Celtic