EADS reports losses after its plane deals run into trouble

City A.M. Reporter
AER Lingus yesterday announced that its operating losses quadrupled to €81m (£73.5m) last year. The Irish carrier, whose chief executive is Christoph Mueller (inset), saw revenue plummet 11 per cent to €1.2bn. The airline plans to lay off 670 staff, including nearly a quarter of its cabin crew, as part of large-scale restructuring plans.