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Aer Lingus back in black in 2010

1-Mar-2011 11:26 AM

Aer Lingus revenue up 2% - financial highlights:

  • Three months ended 31-Dec-2010:
    • Revenue: EUR265.9 million, +2.0% year-on-year;
      • Ancillary: EUR34.5 million, -9.7%;
    • Operating costs: EUR268.5 million, -12.6%;
      • Labour: EUR61.3 million, -26.2%;
      • Fuel: EUR57.1 million, -13.2%;
    • Operating profit (loss): (EUR2.6 million), compared with a loss of EUR46.6 million in p-c-p;
    • Profit (loss) before tax: (EUR32.0 million), compared with a loss of EUR134.8 million in p-c-p;
    • Passenger numbers: 2.0 million, -13.2%;
    • Passenger load factor: 72.7%, +1.4 ppt;
    • Average yield per passenger: EUR107.34, +19.0%;
  • 12 months ended 31-Dec-2010:
    • Revenue: EUR1216 million, +0.8%;
      • Ancillary: EUR165.1 million, -5.1%;
    • Operating costs: EUR1158 million, -10.0%;
      • Fuel: EUR266.2 million, -19.7%;
      • Labour: EUR258.9 million, -17.1%;
    • Operating profit: EUR57.6 million, compared with a loss of EUR81 million in p-c-p;
    • Profit before tax: EUR30.4 million, compared with a loss of EUR154.8 million in p-c-p;
    • Passenger numbers: 9.3 million, -10.0%;
    • Passenger load factor: 76.1%, +1.6 ppt;
    • Average yield per passenger: EUR107.12, +12.0%;
    • Total assets: EUR1806 million, +4.4%;
    • Total liabilities: EUR1006 million, -1.9%;
  • 2011 forecast:
    • Passenger numbers: +5.1%;
    • Capacity (ASKs): +5.9%. [more]

Aer Lingus: "We expect significant challenges in 2011, with trading for the year likely to be impacted by fuel price inflation and increased airport charges in combination with difficult conditions in our home market. We do not expect that improvements in yield performance and ongoing cost savings can offset these increase costs. If current fuel prices persist, we expect that 2011 profit will be significantly below that of 2010,” Christoph Mueller, CEO. Source: Aer Lingus, 28-Feb-2011.