This week's column in The Kerryman newspaper.
Michael Commane
Last week Aer Lingus announced they were shedding 500 of their 6,500 workforce. That figure includes 140 cabin crew, 70 pilots and 290 office staff.
That has to be serious trouble for those 500 people and their families. Yes, many of them are on decent salaries, some on good ones, still it is going to affect their lives and have a knock-on effect on their families and those around them.
This is the busiest time of the year for Aer Lingus. Anyone I ask who has been on an Aer Lingus plane lately tells me it’s been full.
Last year Aer Lingus made €282 million profit and its holding company, International Aviation Group (IAG) made a handy profit of €5 billion. Lynne Embleton, CEO of Aer Lingus earned a bonus between €269k and €300k; her exact salary is undisclosed. Her boss, Luis Gallego, CEO of IAG, earned a total of €6.4 million in 2024.
Some weeks ago I wrote in this column about the €50 million waste at Irish Rail. While checking out the salaries of the flying bosses I decided to check out how much the rail bosses earn.
Irish Rail boss, Mary Considine earns €300k a year, Anne Shaw, CEO of the National Transport Authority had a base salary of €237,880 last year while CIE’s boss, Stephen Kent earned a gross salary of €225k.
Does anyone know exactly what CIÉ does today? I’m still confused what roles National Transport Authority (NTA), Irish Rail, Transport for Ireland (TFI), Transport Infrastructure Ireland (TII) and Córas Impair Éireann (CIE) exactly play in the world of Irish transport.
Luis Gallego the boss of Indra, the company Irish Rail ‘blames’ for the €50 million loss, earned €6.4 million in 2024.
One more figure; the CEO of Flutter, Peter Jackson’s compensation package was worth €16.9 million last year. Next time you are placing a bet with Flutter companies, Paddy Power or Betfair be assured you are supporting the lifestyle of Mr Jackson.
There are many figures there to digest, and hefty sums too.
Pope Leo in his encyclical, Human Magnificence, keeps stressing the importance and primacy of the individual person and how it’s the responsibility of the State to take good care of the individual. He also speaks of the importance of all organisations to be at the service of the person. He casts a cold eye over the mega rich and how their wealth and power have a disproportionate influence on the State.
The new British prime minister Andy Burnham in his first address as leader of the Labour Party reminded MPs where the roots of the British Labour Party lie; to be on the side of the poor and marginalised, to help the working class.
Might it happen that both Provest, aka Pope Leo, and Burnham will try changing the way the world is currently heading. Both of them might take seriously what their founders wanted for the people of the world.
Think of it, a world population of eight billion with one billion without enough to eat.
Ten per cent of the world’s population earn less than €2.6 a day, while Elon Musk is worth approximately €787 billion plus.
The current system ain’t working.
