UK markets closed
  • FTSE 100

    7,017.47
    -135.96 (-1.90%)
     
  • FTSE 250

    22,324.19
    -210.95 (-0.94%)
     
  • AIM

    1,229.80
    -11.57 (-0.93%)
     
  • GBP/EUR

    1.1636
    -0.0053 (-0.46%)
     
  • GBP/USD

    1.3809
    -0.0115 (-0.83%)
     
  • BTC-GBP

    24,575.04
    -1,594.28 (-6.09%)
     
  • CMC Crypto 200

    888.52
    -51.42 (-5.47%)
     
  • S&P 500

    4,166.45
    -55.41 (-1.31%)
     
  • DOW

    33,290.08
    -533.37 (-1.58%)
     
  • CRUDE OIL

    71.50
    +0.46 (+0.65%)
     
  • GOLD FUTURES

    1,763.90
    -10.90 (-0.61%)
     
  • NIKKEI 225

    28,964.08
    -54.25 (-0.19%)
     
  • HANG SENG

    28,801.27
    +242.68 (+0.85%)
     
  • DAX

    15,448.04
    -279.63 (-1.78%)
     
  • CAC 40

    6,569.16
    -97.10 (-1.46%)
     

Aer Lingus says it to burn cash for months despite Irish travel plan

  • Oops!
    Something went wrong.
    Please try again later.
·1-min read
FILE PHOTO: Aer Lingus at Dublin Airport
  • Oops!
    Something went wrong.
    Please try again later.

DUBLIN (Reuters) - Ireland's Aer Lingus welcomed the government's plan to ease travel restrictions from July 19 as "a first step on the long road to rebuilding aviation" but it will continue to burn a significant amount of cash over the coming months.

The Irish airline, which like British Airways and Iberia is owned by International Airlines Group, said schedules will be a fraction of normal levels for some time and it faced significant restructuring to rebuild network and financial strength.

"While Aer Lingus welcomes the easing of travel restrictions, it will not facilitate a significant level of travel to and from Ireland during the critical summer months of 2021," the carrier said in a statement.

(Reporting by Padraic Halpin; Editing by Chris Reese)

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting