Aer Lingus reports €108m loss for last year

Aer Lingus has reported an after-tax loss of almost €108m for last year.

Aer Lingus today reported losses of almost €108m for last year, blaming high fuel prices and the company’s massive long-term cost-saving plan.

The airline said it expects fares to fall by 10% this year but management also warned they are preparing for bigger losses by the end of 2009.