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Aer Lingus suffers €1bn debt swing as bill looms for new airplanes

Airline issues stark warning about the ‘profound effect’ Covid has had


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The detailed warning to the Labour Court spelled out the trouble facing Aer Lingus

The detailed warning to the Labour Court spelled out the trouble facing Aer Lingus

The detailed warning to the Labour Court spelled out the trouble facing Aer Lingus

Aer Lingus has suffered a €1bn swing in its net debt position, the same amount that it will soon need to spend to replace its fleet of 20 aging short-haul aircraft.

The now loss-making airline issued the stark warning in a Labour Court submission, and said that the damage it is has suffered from Covid meant that it is already unable to compete with Ryanair on European routes.


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