Aer Lingus net cash position likely to fall

By Niamh Hennessy AER Lingus could suffer cash burn this year and next, highlighting the need for further restructuring. This is according to Davy Stockbrokers, which said even with oil prices at $100 a barrel it still sees Aer Lingus’ net cash position falling from €802 million to €587m by the end of 2009. Davy thinks the brunt of any downturn will be borne by higher-fare airlines and the premium category,... [read full story]