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No surprise there, but aren't there legal obligations on AL management to stay independent?Because it's personal between Aer Lingus and Ryanair - always has been, always will be.
Phoenix has an interesting analysis showing that Michael needs AL more than AL needs Ryanair. AL's performance this financial (roughly break even) is sparkling by comparison to Ryanair. Micko held off hedging fuel until the last minute (costing him a fortune) and then hedged as the market peaked (costing him a further fortune).Michael O'Leary won't rest until he's crushed the former "flag carrier". I believe that's his primary motivation, and I can't say I blame him. Ryanair is everything Aer Lingus is not.
AL's performance this financial (roughly break even) is sparkling by comparison to Ryanair. Micko held off hedging fuel until the last minute (costing him a fortune) and then hedged as the market peaked (costing him a further fortune).
Ryanair is everything Aer Lingus is not.
Aer Lingus has Euro1.3 billion in cash. It would be the bargain of the century for Ryanair if it got Aer Lingus for Euro748 million.
I agree. That is why I am willing to use Aer Lingus, and unwilling to use Ryanair.
Slightly OT, but I think I heard that there are calls from the consumer association to refund passengers the amounts that they were burdened with in the form of fuel surcharges....
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