Aer Lingus's third-quarter revenue fell 9.7% year-over-year on a 17.6% drop in average fare, it announced yesterday, adding that it has launched the "first phase" of a restructuring aimed at "reduc[ing] any costs within our control so that we can cope with continued falling fares, compete and maintain balance sheet strength." The ailing airline was €73.9 million ($109.7 million) in the red through the half-year (ATWOnline, Aug. 28) and announced a comprehensive Transformation Plan last ...

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