Aer Lingus reports profits up for crucial third quarter
Published 03/11/2011 | 09:02
NATIONAL airline Aer Lingus has reported operating profits of €94.6m for the third quarter of 2011.
This is an increase of 19.4pcon the same time last year, after a positive performance over the key summer months.
In an interim statement, the airline said that revenues for the three months from July to September rose by 5.9pc to €435.8m.
Short haul passenger fare revenues increased by 7.6pc to €268.3m with some leisure routes remaining weak.
Long haul passenger fare revenues rose by 2.6pc to €100.4m with business class revenues performing well.
The company said its ''strong'' third quarter performance was due to the commercial, operational and cost reductions taken by the company since 2009.
This came despite the impact of higher airport charges, fuel costs and increased competition in long-haul.
Aer Lingus says its full year 2011 operating results - before accounting for exceptional items - will be at the upper end of the range of current market expectations.