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Financial strategy

  • We are fortunate to have a strong balance sheet - Aer Lingus had €897.4 million of gross cash as at 31 December 2013.
  • There are good practical reasons for maintaining a strong balance sheet now. It gives confidence to lessors and to counterparties on whom we rely for fuel and FX hedging lines. It also gives confidence to investors.
  • Our balance sheet must be able to withstand:
    • Frequent occurrence of ‘shocks’ such as spikes in the fuel price or the 2010 Icelandic volcanic ash disruption;
    • The ability to support a significant aircraft purchase programme, which may be committed many years into the future.
    • The cyclicality of the airline industry, meaning that there may be a need to fund losses in a downturn, before profitability returns.

My Aer Lingus/Gold

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