Takeover may end Cork and Shannon routes

The profitability of routes from Cork and Shannon airports to Heathrow is not strong enough at present to ensure their survival in the medium to long term, it has been claimed.

Shares in Aer Lingus rose slightly yesterday after the airline confirmed a third bid of €2.55 per share had been received from IAG.

The improved offer follows two failed bids for the Irish carrier in December, at €2.30 and €2.40 per share respectively.