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Aer Lingus still has 817m Euros in Cash


corelli

Well-known member
Joined
Jun 13, 2007
Messages
4,478
If they want to replace their fleet, which is in need of it, they need a very large cash reserve. I don't see the issue really. Do you suggest they don't reduce costs and eat into it?
 

grafter1

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Joined
Apr 1, 2010
Messages
829
Seriously who wrote that? That is just pathetic journalism and a total misrepresentation of Aer Lingus.

Net Cash is closer to 400m i think

Ryanair have c. €3Bn cash on its balance sheet
 
Last edited:

seanmacc

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Jan 10, 2009
Messages
1,022
If they want to replace their fleet, which is in need of it, they need a very large cash reserve. I don't see the issue really. Do you suggest they don't reduce costs and eat into it?
in fairness to them, their fleet is a lot more modern than most of their European competitors and a hell of a lot more modern than their American competitors. Their transatlantic fleet is something they can be proud of. The large cash reserves do allow them to get better deals on loans though for capital investment such as planes, hangars ect.
 

grafter1

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Apr 1, 2010
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829
in fairness to them, their fleet is a lot more modern than most of their European competitors and a hell of a lot more modern than their American competitors. Their transatlantic fleet is something they can be proud of. The large cash reserves do allow them to get better deals on loans though for capital investment such as planes, hangars ect.
Large cash reserves? I suppose they'll be helped out by an FX gain of €80m ever year!!

Muller is doing a great job at AL - but he still has a very long road ahead.
 

truthflyer

Member
Joined
Feb 5, 2009
Messages
61
What are AL cash reserves at now?

They can't have much time left till they hit the wall..................
 

karldaly

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Feb 26, 2009
Messages
465
"Aer Lingus still has 817m Euros in Cash"
.
This is scandalous, the bondholders should have got that money a long time ago.
 

afterburner

New member
Joined
Oct 3, 2010
Messages
1
What are AL cash reserves at now?

They can't have much time left till they hit the wall..................
Just over 1.1 billion euros as of two weeks ago as per a memo.
 

locke

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Joined
May 2, 2007
Messages
3,091
How could they have generated the extra cash if they are making an incredible loss?
Losses are greatly reduced now.

But more particularly, every airline takes a lot more cash in during the summer months. Even the biggest basket case airlines can probably turn a profit in the June-September period.

Then they burn cash during the Winter months. I'd be surprised if even Ryanair managed to break even in November and February.

Obviously, the trick is to maximise profits in the summer and minimise losses in the Winter.
 

hiding behind a poster

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Mar 8, 2005
Messages
48,257
How could they have generated the extra cash if they are making an incredible loss?
Oh dear. Someone call Basic Business 101 for Kiddies, and tell them there's a new one along shortly.
 

hiding behind a poster

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Mar 8, 2005
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48,257
If only they had worked for AIB or BOI and got the taxpayer to fix their broken pension fund.

Even now AIB and BOI only have to contribute c5%!
Well the AIB defined benefit pension was basically ditched - hardly "fixed", was it?
 

hiding behind a poster

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Mar 8, 2005
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48,257
Bit rich you dispensing this "advice"? Half wit like you.
Hmm, would this be a good time to mention your recent claim that because the US's debt/GDP ratio fell in the 1960s, they must therefore have paid off some of their debt?

Perhaps not.
 

jake76

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Feb 15, 2007
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gerhard dengler

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Feb 3, 2011
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