Aer Lingus posted a 2008 net loss of €107.8 million ($136.7 million), a sharp reversal from the €105.3 million earned the previous year, citing "exceptionally challenging trading conditions for the aviation industry as a whole." CEO Dermot Mannion said, "Falling consumer demand in key markets, a weakening dollar and sterling, and increased competition across the network combined to put sustained and significant pressure on our business throughout the year." Ryanair, which last ...

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