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The major loss highlights the dramatic toll the pandemic has taken on the industry.
The airline blamed air passenger duty and a lack of Covid recovery incentives on the decision.
The ‘Fit for 55′ plan first aims to reduce greenhouse gas emissions by at least 55% by 2030.
The number of departures from April to May increased by a third.
A further €5m in Government investment has also been placed in doubt.
The airline’s CEO and Chief Corporate Affairs Officer appeared before a committee this morning.
The incident involved a freighter-only aircraft with no passengers on board.
Aer Lingus has also confirmed plans for the temporary closure of its base at Cork airport.
Ryanair has estimated the total state aid to airlines approved by Brussels at €30 billion.
The Tánaiste said that discussions are ongoing for further financial support if required.
The cash injection announced today represents an additional €48 million on that which was announced in the Budget last month.
It’s hoped the plan will help jump start the aviation sector in a safe way.
CEO Eddie Wilson urged the Irish government to adopt the European Commission’s new system of colour coding.
Over 140 jobs will be saved at the company, having previously employed over 400.
The UK’s biggest operator will close 166 shops due to the fallout from the Covid-19 pandemic.
The Taskforce is made up of industry representatives including Aer Lingus and Dublin Airport.
The main cuts are set to come at the company’s French and German sites.
The airlines accounted for over 13% of air traffic at Ireland’s airports before the pandemic.
The airline said the Covid-19 pandemic is having a “catastrophic effect on the aviation industry”.
There was a 83% decrease in flights in May this year compared to the same month in 2019.
The Canadian plane maker says Covid-19 has forced it to resize its business.
The job losses will be at the company’s bases in Dublin, Stansted, Madrid and Wroclaw.
Willie Walsh had been due to step down in June but will remain until September.
Yesterday, Aer Lingus and British Airways-owner IAG revealed plans to make up to 12,000 workers at the airline redundant.
The IAA said it handled 62,449 flights last month.
The struggling airline has been hit by a slump in bookings since the outbreak of the coronavirus.
The former pilot left the top job in Aer Lingus to join British Airways.
Two routes have been cut from Belfast City Airport.
The scrappy Scandi carrier had a bumpy ride in Ireland before the Boeing 737 Max grounding.
The second day of the event is taking place in Co Wicklow.
It’s belived that the system could have helped find the missing Malaysian Airlines flight MH-370.
The airline emitted 9.9 million tonnes of carbon dioxide last year.
Pundits say there’s plenty of room for growth as the market picks off small, weak carriers.
The meeting was called following possible drone activity at two London airports.
The pilot, Duane Youd, died
The second day of the event is taking place in Co Wicklow.
After agreeing pay increases with the airline, staff representatives are pushing for a piece of the pie.
Niall Harrington and his friends were on their way to Ibiza for a stag party.
Passengers on the aircraft diverted to Shannon were asked to provide handwriting samples as part of the investigation.
The death toll is now 111.
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