Ms Lynne Embleton:

I would love to be able to give assurances that there will not be job losses and that no changes will be required, but I cannot. We have burned cash at a rate of more than €1 million per day and this has been going on for more than 15 months. Our financial health has been significantly affected. It is not just the losses. Over this period, we would have been generating cash that would allow us to invest in the business and pay for the aeroplanes. The swing from what we would have expected over this 15-month or 16-month period is what we have actually experienced. It is close to €1 billion of damage. No company can withstand €1 billion of damage and not make changes and not adapt its business. We have to adapt our business. I recognise that these are horrible times for people. There is uncertainty and worry, but it is my job to ensure that Aer Lingus comes out of this crisis and is able to get back to doing what we want to be able to do, which is connect the island of Ireland, provide jobs, support tourism and hospitality, support trade and bring goods into the country. To do that, I need to restructure. I need to get us to a point where we have effective costs that support flying. The changes we are making are not being made lightly. We are doing it because the situation requires it.