Aer Lingus faces further cuts

Any new chief executive at Aer Lingus will face further cost-cutting pressures arising from a fresh assault by Ryanair and EasyJet on the Irish market, Goodbody Stockbrokers has warned.

12th March, 2005

Any new chief executive at Aer Lingus will face further cost-cutting pressures arising from a fresh assault by Ryanair and EasyJet on the Irish market, Goodbody Stockbrokers has warned.

The no-frills airlines have targeted a range of new routes from Dublin, Shannon, Cork and Knock airports since the start of the year.

Their expansions will have the effect of “significantly increasing pressure for the new chief executive'‘, according to Goodbody analyst Joe Gill.

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