‘Leaner’ Aer Lingus posts pre-tax loss of €24.5m

Aer Lingus has posted a pre-tax loss of €24.5m for the six months to the end of June during what is typically the airline’s lossmaking portion of the year.

As well as issuing its half-year trading update, Aer Lingus issued a 30-page circular to shareholders outlining why they should reject the Ryanair takeover offer.

In the extensive circular Aer Lingus failed to address the issue of the significant restructuring of the two airlines’ operations that Ryanair would have to undertake in order to get any takeover bid passed by the EU regulatory authorities.