Crucial times for Aer Lingus
Published 06/03/2010 | 10:17
BAD news on the double for Aer Lingus as cabin crew rejected a €97m cost-reduction programme and long-haul passenger figures for February showed yet another slump.
Pilots had voted in favour of the savings plan by a majority of four to one, and ballots by ground operations, support staff and maintenance workers have yet to be concluded, but there must be fears that the deal which took 10 weeks to negotiate under the auspices of the Labour Relations Commission could fall through, threatening the airline's existence.
Aer Lingus is in the grip of a financial crisis. Global economic problems and high-fuel prices are crippling airlines all over the world. Low-fare giants such as Ryanair are proving more resilient.