Wednesday, The Board of Aer Lingus Group plc (AERL.L) announced its transformational restructuring plan to reduce operating costs and ensure the continued viability of Aer Lingus, while retaining a brand focussed on service quality and delivery. The plan is expected to reduce annual operating costs, excluding fuel, by €97 million before the end of 2011.
Aer Lingus said it developed a two stage Transformation Plan to reduce costs and remove legacy work practices, enabling it to compete more effectively against a peer group with significantly lower operating costs.
Non-staff costs will be reduced by €23 million in 2010. The company stated that these savings will be derived from areas such as airport charges, distribution, reduced direct operating costs, maintenance and overheads and will build upon the €26 million delivered in 2009 in these areas.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.