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Aer Lingus Group reports operating profit decline of 8% in 2Q2013, maintains FY profit guidance

1-Aug-2013 1:16 PM

Aer Lingus Group revenue up 6% - financial highlights:

  • Three months ended 30-Jun-2013:
    • Revenue: EUR398.2 million, +6.2% year-on-year;
      • Passenger: EUR379.2 million, +5.9%;
        • Retail: EUR50.6 million, +7.9%;
      • Cargo: EUR10.8 million, -12.2%;
    • Operating costs: EUR369.1 million, +7.6%;
      • Fuel: EUR103.3 million, +4.0%;
      • Airport charges: EUR83.6 million, +2.0%;
      • Labour: EUR73.2 million, +9.7%;
    • Operating profit: EUR29.1 million, -8.2%;
    • Passenger numbers: 2.7 million, +2.0%;
    • Passenger load factor: 78.4%, +1.2 ppt;
    • Average fare per seat: EUR92.14, +4.8%;
  • Six months ended 30-Jun-2013:
    • Revenue: EUR657.9 million, +5.0%;
        • Passenger: EUR625.5 million, +4.7%;
      • Retail: EUR87.1 million, +3.1%;
      • Cargo: EUR22.3 million, -4.3%;
    • Operating costs: EUR674.3 million, +6.9%;
      • Fuel: EUR175.6 million, +4.6%;
      • Airport charges: EUR142.7 million, +2.7%;
      • Labour: EUR137.9 million, +4.7%;
    • Operating profit (loss): (EUR16.4 million), compared to a loss of EUR4.4 million in p-c-p;
    • Net profit (loss): (EUR23.5 million), compared to a loss of EUR21.9 million in p-c-p;
    • Passenger numbers: 4.6 million, +1.3%;
    • Passenger load factor: 75.6%, +2.0 ppts;
    • Average fare per seat: EUR84.56, +5.6%;
    • Total assets: EUR1900 million;
    • Cash and cash equivalents: EUR325.0 million;
    • Total liabilities: EUR1109 million. [more - original PR]

Aer Lingus Group: "Bookings for second half of 2013, at 30 June 2013, were ahead of prior year; however warm weather has negatively impacted bookings in July. We maintain our guidance that 2013 operating profit, before net exceptional items, will be broadly in line with 2012." Source: Company statement, 31-Jul-2013.