Editor's Pick: Markets: The week that was (16-20/11/09)

(AERL.L) Aer Lingus Group PLC Buy/Sell

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Summary

Current Market Information

Time: 23:46 (Market Closed)

Bid	0.535
Ask	0.57
Price	0.5525
Previous	0.575
Change	-0.02 (-3.91%)
Last Trade	0.5525 (16:35:27)
Trading Vol.	234,036
Today's High	0.585
Today's Low	0.5525

52 Wk Low	0.43
52 Wk Low	(28/07/2009)
52 Wk High	1.70
52 Wk High	(14/01/2009)
52 Wk Change	-0.43
52 Wk Change	(-43.77%)
4 Wk Volume	3,532,664
ISIN Number	IE00B1CMPN86
Currency	EUR

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Recent News
Date/Time	Headline	Source
18-11-09	UPDATE 1-Aer Lingus warns it will achieve cost cuts regardless	AFX UK Focus
DUBLIN, Nov 18 (Reuters) - Irish airline Aer Lingus warned employees on Wednesday that it will implement an alternative cost cutting plan if agreement cannot be reached over proposed measures by the end of November. `Aer Lingus, which has fended off two hostile bids by Irish rival Ryanair, the industry leader in cutting costs, wants to reduce its annual operating costs by 97 million euros ($145.2 million) by shedding almost one-fifth of staff.` `The SIPTU and UNITE trade unions, which represent ground staff and technical workers at the company, oppose the cuts and the airline said it had agreed to meet employee representatives.` `Aer Lingus said compulsory redundancies could not be ruled out if the required savings had not been agreed in full when talks conclude on Nov. 30.` `"These alternative means will include further reductions in capacity resulting from an uneconomic cost base, which in turn will lead to additional redundancies beyond those included in the plan," the former state carrier said in a statement.` `"While the preference will be for such redundancies to be on a voluntary basis, compulsory redundancies cannot be ruled out," it added.` `Aer Lingus, which has been rapidly been burning through its cash reserves, re-affirmed that it was essential the planned savings were urgently achieve in, what it described as, an extremely challenging operating environment.` `(Reporting by Padraic Halpin; editing by Elaine Hardcastle) ($1=.6680 Euro) Keywords: AERLINGUS/` (padraic.halpin@reuters.com; Reuters Messaging: padraic.halpin.reuters.com@reuters.net; +353 1 500 1504) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. More
18-11-09	BRIEF-Aer Lingus may cut jobs if misses savings target	AFX UK Focus
LONDON, Nov 18 (Reuters) - Aer Lingus Group Plc: IF FAILS TO REACH SAVING TARGET MAY FURTHER CUT CAPACITY RESULTING FROM AN `uneconomic cost base` COMPULSORY REDUNDANCIES CANNOT BE RULED OUT THE OPERATING ENVIRONMENT FOR AER LINGUS AND AIRLINES GENERALLY REMAINS `extremely challenging` IS ESSENTIAL THAT IT URGENTLY ACHIEVE THE FULL E97MILLION IN SAVINGS AS `outlined in the plan` HAS ACCEPTED INVITATION TO CONCLUDE NEGOTIATIONS WITH EMPLOYEE `representatives` ((London Equities Newsroom; +44 20 7542 7717)) (For more news, please click here) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. More
18-11-09	Aer Lingus Group PLC - Update on Cost Reduction Plan	RNS
RNS Number : 7365C Aer Lingus Group PLC 18 November 2009 Update on Cost Reduction Plan ISE: EIL1 LSE: AERL Dublin, 18 November 2009: The Board of Directors of Aer Lingus Group plc (the 'Board') met today to review progress on its objective of delivering EUR97million of cost savings required as part of its Transformation Plan (the 'Plan') announced on 7 October, 2009. Since the announcement of the Plan on 7 October, and as outlined in the Interim Management Statement of 9 November, it is clear the operating environment for Aer Lingus and airlines generally remains extremely challenging. In this context the Board has today re-affirmed that if Aer Lingus is to maintain its present scale of operations, it is essential that it urgently achieve the full EUR97million in savings as outlined in the Plan. The Company has accepted an invitation from the National Implementation Body to conclude negotiations with employee representatives under the auspices of the Labour Relations Commission ('LRC'). At the conclusion of these talks on 30th November, the Board and Management will meet to review the results. In the event that the required EUR97million savings have not been agreed in full, the Board and Management will proceed to implement an alternative means of delivering the savings within the same timeframe set out under the Plan. These alternative means will include further reductions in capacity resulting from an uneconomic cost base, which in turn will lead to additional redundancies beyond those included in the Plan. While the preference will be for such redundancies to be on a voluntary basis, compulsory redundancies cannot be ruled out. The Board will closely monitor progress at the LRC talks over the coming week. A further announcement may be made as appropriate Press Enquiries: `Enda Corneille Shelia Gahan/ Brian Bell` `Aer Lingus Wilson Hartnell Public Relations` `Tel: +353 1 886 2000 Tel: +353 1 669 0030` `+353 87 234 2409 (SG)` `+353 87 243 6130 (BB)` `Email: sheila.gahan@ogilvy.com` `brian.bell@ogilvy.com` This information is provided by RNS The company news service from the London Stock Exchange END MSCEAPFPFEPNFFE More
17-11-09	BRIEF-Aer Lingus eyes jobs agreement in week ahead	AFX UK Focus
DUBLIN, Nov 17 (Reuters) - Aer Lingus Group Plc: SAYS FOCUSSED ON ACHIEVING AGREEMENT WITH ALL STAFF GROUPS IN THE WEEK AHEAD SAYS LABOUR RELATIONS COMMISSION TO MEDIATE ON JOBS PLAN (Dublin Newsroom; + 353 1 500 1529) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. More

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Date/Time	Subject	Author
03-11-09	Ryanair question	rocksteady-


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	Hi all. Quick question. Assuming Ryanair were to make another bid for Aer Lingus, from what date are they allowed to make the offer? Isn't there something about them having to wait a year from previous offer? TIA. More \| View thread (1) \| Respond \| Login to Vote up \| Login to Vote down
28-09-09	Re: AERL	HOG400


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	Comment: O’Leary still circling around Aer Lingus 27 September 2009 "As Christoph Mueller, the new chief executive of Aer Lingus, steels himself for the first of many battles with unions over radical plans to strip out €100million in costs, he can at least console himself that his noisy peer across the car park at Dublin Airport will give him a little breathing space. Last week, Michael O’Leary, chief executive of Ryanair, used his airline’s agm to play down speculation about a third attempt to take over Aer Lingus. O’Leary said it was ‘‘highly unlikely’’ that a third offer would be made any time soon, but he was uncharitable in outlining his reasons why. According to O’Leary, Aer Lingus remains doomed to stumble through the tough, recession-filled years that lie ahead, slowly but surely eroding its cash reserves, while it beavers away in its efforts to return to profitability. Once the cash runs out, Aer Lingus will, in O’Leary’s mind, need its shareholders to stump up and ensure that its planes can remain in the sky. And that could be its downfall as an independent entity. Attempts to tap shareholders for cash will not be helped by Aer Lingus’s complicated ownership. With a cash-strapped government holding 25 per cent of the airline and unions and staff (whose pockets are hardly overflowing) holding 15 per cent, Mueller would be unwise to expect them to follow their money in a future fundraising. Which leaves a relatively small number of institutional shareholders - and Ryanair. O’Leary would be only too pleased to inject more money into his domestic rival - but only in return for control. Mueller will hope it won’t come to that and that staff will recognise the urgency of Aer Lingus getting its house in order. But the doomsday clock is already ticking. " More \| View thread (5) \| Respond \| Login to Vote up \| Login to Vote down
23-09-09	Re: AERL	HOG400


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	## Aer Lingus has slashed the price of its business class seats to E400 to the US - a seventh of the regular price. In a further indication of plunging premium seat sales Etihad Airlines is selling two business class tickets for the price of one. Airlines have been struggling to fill seats in its business class section over the last year. Aer Lingus is offering business class to Boston and New York for 400 euro from Ireland, Chicago and Washington for 500 euro and San Francisco for 600 euro. - Irish Examiner More \| View thread (5) \| Respond \| Login to Vote up \| Login to Vote down
23-09-09	Re: AERL	HOG400


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	Aer Lingus may end money-losing U.S.-Ireland services Airline may contract out to third party By KENNETH HAYNES, IrishCentral.com Staff Writer Published Monday, September 21, 2009, 8:40 AM Updated Monday, September 21, 2009, 10:15 AM Buzz up!Show your support - Buzz this up! Aer Lingus may end money-losing U.S.-Ireland services \| Irish News \| IrishCentral Get our newsletter Recommend Aer Lingus may give up on its U.S.-Ireland services Photo by Steve Parsons/PA With news that Aer Lingus’ first-half losses almost quadrupled last year’s comes reports that Ireland’s second biggest airline may give up on Ireland-U.S. flights and contract out to a third party. The Irish airline, which will soon release its newest cost restructuring plan, reported a loss of €93 million ($132 million), compared to a €23.4 million ($34.2) loss last year. Sales fell 12 percent to €555 ($812) million, with average fares down 17 percent. Aer Lingus’ new chief executive, Christoph Mueller, has said that the airline needs an “amputation,” not “cosmetic surgery” to reduce costs, and that long-haul flights to the U.S., especially those from Shannon, are under fire. Transatlantic services accounted for around €60 million of first-half losses. Mueller stated that he appreciates the “national importance” of Aer Lingus’ American routes, but said that his airline is “not a charity,” suggesting that the Shannon to New York route has only survived due to pressure from the Irish government. Reports say Mueller is hesitant to run any further money-losing services from Shannon at a time when Aer Lingus staff are being laid off or asked to take a pay cut. The chief executive rated Aer Lingus’s odds of survival at “50-50.” Aer Lingus’ cost-cutting plan will be unveiled in mid to late October after the Lisbon vote, so as not to further complicate matters for the Irish government More \| View thread (5) \| Respond \| Login to Vote up \| Login to Vote down

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