Thursday 8 December 2016

Aer Lingus posts €13.9m loss in first half, revenues up

Published 29/07/2015 | 07:37

Chief executive Stephen Kavanagh with Aer Lingus cabin crew, from left, Sarah Nolan, Tracey Johannson, Gillian Kane & Ronan Hughes, at the unveiling of the first Aer Lingus aircraft in the IRFU Livery
Chief executive Stephen Kavanagh with Aer Lingus cabin crew, from left, Sarah Nolan, Tracey Johannson, Gillian Kane & Ronan Hughes, at the unveiling of the first Aer Lingus aircraft in the IRFU Livery

AER Lingus has posted a first half year loss of €13.9m, compared with €9.9m the previous year.

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Revenues were up over 7pc to €72.9m in the same period.

Aer Lingus, which is being taken over by British Airways owner IAG, said that during the period highlights included the successful Washington route launch.

It added that a solid short haul forward booking profile had been achieved, facilitating a 5.8pc retail growth in the second quarter and that increased the short haul capacity expansion in the second half.

"Passenger, retail and cargo revenues all grew strongly in the quarter," said Stephen Kavanagh, chief executive.

"The adverse effects of unfavourable FX movements on performance which were evident in this quarter will moderate in the second half of the year as a result of a higher proportion of US$ denominated revenues."

He added that both short and long haul capacity are set to expand into the peak season and we are very satisfied with forward yield and load factor profiles at this time.

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