2010 Preliminary Results Presentation - Corporate Aer Lingus
2010 Preliminary Results Presentation - Corporate Aer Lingus
2010 Preliminary Results Presentation - Corporate Aer Lingus
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Greenfield in 2011<br />
• Commercial strategy very successful in <strong>2010</strong><br />
• Re-examined Greenfield in November & December <strong>2010</strong><br />
• No longer appropriate to pursue some of the targeted savings - instrumental in driving success to<br />
date<br />
• Other opportunities exist, e.g. seasonal aircraft leasing<br />
• Target remains at least €97m by end of 2011<br />
• In-year delivery from new initiatives in 2011 will be modest<br />
Orig. plan:<br />
€97m<br />
23<br />
Revised to<br />
exclude nonpursued<br />
savings:<br />
€65m<br />
5<br />
Identified to<br />
date with firm<br />
plans:<br />
€84m<br />
Savings<br />
commitment<br />
remains:<br />
€97m<br />
13<br />
28 28<br />
Goals:<br />
Validate by end of Q1 2011<br />
Implement by end of year<br />
74<br />
60 56 56<br />
Staff Non-staff New savings<br />
<strong>2010</strong> <strong>Preliminary</strong> <strong>Results</strong> | February 2011<br />
Slide 25
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