Tag: job cuts
Aer Lingus Cuts Back on Routes and Employment Despite Being Profitable Due to Lacking Revenue Expansion
International Airlines Group (IAG) is enacting major modifications to its subsidiary Aer Lingus, forcing the airline to reduce its operations despite its recent financial achievements. Aer Lingus has declared its second-best financial performance ever, with an 11.1% profit margin, yet IAG insists on a 12-15% margin for ongoing investment. As a result, Aer Lingus will…
