It has been reported in the press in Ireland that Aircoach has once again been heavily loss making in the previous 12 months and have lost a further €6.3m and this has forced First to act with the company receiving what is being called a '€25m equity injection'. These appear to be their two worst results on record.
More can be found in this Irish Times Article (may be paywalled for some)
https://www.irishtimes.com/business...osures/?utm_source=dlvr.it&utm_medium=twitter
It's notable that in their accounts they've stated that they are focused on commercial recovery now, but there is a lot of work to do to achieve that and none of it will come cheap, because their competitors have really took advantage of the opportunities that they have handed to them over the past couple of years and as has been stated here and elsewhere, some of the commercial decision making Aircoach has taken over the past few years has been baffling.
What we do know though is next year in an attempt to cut costs and provide a quick turn-around service, Aircoach are to roll out the ex Glasgow Express Airport Deckers to replace some coaches, whilst continuing to use the Aircoach name and a Dublin Airport Flyer sub-brand. How this will work out remains to be seen, especially if they continue to charge the same price as National Express do for a coach.