According to Aer Lingus parent company International Airlines Group (IAG), the Irish airline's revenues declined by almost two thirds year-on-year during the first half of 2020 to €377 million.
In total, Aer Lingus lost €316 million during the first six months of this year. The airline made a profit of €78 million during the same period in 2019.
Aer Lingus's passenger revenues declined 60% year-on-year during the first half of 2020 to €315 million. However, its cargo revenues increased more than twofold year-on-year during the period to €60 million.
Possible Compulsory Job Cuts And Base Closures
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Aer Lingus is currently not ruling out compulsory job cuts and closing its Cork and Shannon bases. The airline's CEO, Sean Doyle, said that redundancies will be voluntary if possible, but compulsory if necessary, as reported by The Irish Times.
Doyle stated that there is no immediate sign of any meaningful resumption of flights from Cork and Shannon, and that, consequently, the airline is "reviewing the scale of [its] flying programme from these airports and the ongoing viability of [its] regional bases there."
Doyle also told staff that Aer Lingus has not been able to make progress with cabin crew and ground staff unions.
© 2020 Hospitality Ireland – your source for the latest industry news. Article by Dave Simpson. Click subscribe to sign up for the Hospitality Ireland print edition.