Don't understand the market enthusiasm for this share. Sure more passengers are being carried and revenues are up but the airline still lacks scale. They are expanding long haul operations at a time when fuel prices are a challenge - can't help thinking this is just to find "homes" for the large number of A350s that are on order for >2017 - the "Willy Walsh" legacy. BA and RYA are competing hard on Heathrow and short haul respectively. RYA will sell their stake sometime causing a glut of shares in the market. There are better airline shares in the market IMHO.
26 Mar '13
Aer Lingus Group
2013 – The Great Irish Share Valuation Project (Part VIII) I take a look at Aer Lingus Group, plus a batch of other Irish stocks: http://wexboy.wordpress.com/2013/03/14/2013-the-great-irish-share-valuation-project-part-viii/ Cheers, Wexboy
28 Feb '13
With RYA having failed again to take over AERL, what happens to their 29% stake? They may well sell which will severly depress the share price of AERL. Don't forget RYA wrote down the value of their AERL holding when the price was around 90 cents, so any upside on sale beyond that price can be banked as a profit. With the Irish Govts 25% share also up for grabs there is the prospect of a whole lotta stock swishing onto the market!
6 Feb '13
He confessed there were "many hurdles to overcome" including regulatory and shareholder approvals before the launch of Flybe Ireland but believed the company was well positioned for such a deal.
6 Feb '13
The group posted revenues of €1.4bn for the year to December 31st, up 8.2% compared with 2011, and underlying operating profit of €69.1m, up 40.7 %. Pre-tax profit dropped 51.9 % to €40.6m due to exceptional items including the cost of restructuring aircraft maintenance operations. If Ryanair receives the green light to purchase Aer Lingus, it will provide Flybe Ireland with a cash injection of €100m and forward sales cash and liabilities worth around €50m. Flybe would pay Ryanair €1m for the newly created airline in order to break into the Irish market and reduce its reliance on revenues from Britain. "Flybe would be delighted to be granted the opportunity to service the Irish aviation market through Flybe Ireland, an airline which would be based in Ireland and dedicated to developing a broad range of scheduled services for business and leisure markets," Flybe's Chairman and Chief Executive Officer, Jim French, said.
6 Feb '13
"We question very much that Flybe will be an independent competitor to Ryanair," Mueller told reporters. "We generally agree that weak airlines should disappear but this proposition turns this entire thing upside down." He added that plans to transfer part of Ryanair's carrier business to Flybe could not be taken seriously. "It seems so far-fetched, this proposition, that we don't waste our time in basing things on that," he said. "The entire bid, starting from the price to the construction of the deal, I cannot take really serious." Alongside the statement, Aer Lingus reported a 41% rise in underlying operating profit in 2012 and raised its dividend to €0.04 per share, up from €0.03 in 2011.
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