Business Irish

Saturday 20 September 2014

Aer Lingus profits increased by 40.7% to €69.1 million in 2012

Published 06/02/2013 | 10:45

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AER Lingus has announced an operating profit of €69.1m for the year ended December 2012, up 40.7pc from the previous year.The company carried a record 10.8m passengers in the period when revenues of €1.4bn were recorded.

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During 2012, the average yield per passenger increased by 7pc to €120.15.

Based on the performance, the Aer Lingus board is proposing to pay an increased dividend of 4 cent per share for 2012.

“2012 was an excellent year for Aer Lingus,” said Aer Lingus Christoph Mueller.

“In addition to the strong financial performance, improved processes and service delivery were reflected in a record on-time arrival performance of 88% and a high customer satisfaction level.”

According to the company, the balance sheet was strengthened with an increase in gross cash to €908.5m during the year and a reduction in debt of 7.9pc to €531.6m.

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