Aer Lingus issues second profit warning
Aer Lingus became the second airline this week to issue a profit warning, with the Irish carrier blaming cabin crew strikes for putting passengers off booking flights on its planes this summer.
The shamrock-adorned airline said the impact of industrial action by staff, who are locked in a dispute about timetables with claims the current ones leave cabin crew exhausted, would knock up to €12 million (£9.7 million), or 20 per cent, off annual profits.
Strikes hit last month’s bank holiday but two further days of industrial action, planned for next week, have been deferred.
However, Aer Lingus said: “the threat of this strike has caused significant damage to forward bookings for several months into the future.”
It said 2014 profits will be 10 per cent to 2 per cent lower than last year and “the outcome will depend in part on the speed with which we can win back customer confidence”.
Lufthansa yesterday also blamed strikes by workers, as well as strong competition from Gulf carriers, for its latest profit warning. The German airline slashed its operating profit target for this year by as much as a third to €1 billion.
- 1 Hilary Mantel 'should be investigated by police' over Margaret Thatcher assassination story, says Lord Bell
- 2 Rihanna 'nude pictures' claims emerge on 4Chan as hacking scandal continues
- 3 Kim Kardashian 'nude photos' leaked on 4chan weeks after Jennifer Lawrence scandal
- 4 'F*ck it, I quit': KTVA reporter Charlo Greene quits live on air in spectacular fashion
- 5 Hitler’s former food taster reveals the horrors of the Wolf’s Lair
Rihanna 'nude pictures' claims emerge on 4Chan as hacking scandal continues
Kim Kardashian 'nude photos' leaked on 4chan weeks after Jennifer Lawrence scandal
'F*ck it, I quit': KTVA reporter Charlo Greene quits live on air in spectacular fashion
Jennifer Lawrence: Leaked 4Chan sex video branded 'fake' by users
Jennifer Lawrence 'naked sex video' will be leaked next, threatens 4Chan celebrity photo hacker
Scotland could still declare independence – even without referendum, says Alex Salmond
Scottish referendum results: Cross-party consensus collapses amid Tory-Labour spat on the 'English question'
Hilary Mantel 'should be investigated by police' over Margaret Thatcher assassination story, says Lord Bell
Scottish independence: David Cameron is becoming the 'George Bush of Britain'
Plebgate MP Andrew Mitchell called officer a 'little s**t', claim court documents 'exposing ex-Chief Whip's 'record of abusing police'
Archbishop of Canterbury admits doubts about existence of God
iJobs Money & Business
£65000 Per Annum Benefits + bonus: Clearwater People Solutions Ltd: If you are...
£20000 - £25000 per annum + OTE £40,000: SThree: SThree are a global FTSE 250 ...
£20000 - £25000 per annum + OTE £40000: SThree: As a Recruitment Consultant, y...
£20000 - £25000 per annum + OTE £40,000: SThree: SThree Group have been well e...