Aer Lingus Group reports profit growth in 2Q2014, expects 2014 result to be in line with 2013

Aer Lingus Group revenue up 10% - financial highlights:

• Three months ended 30-Jun-2014:
• • Revenue: EUR437.8 million, +9.9% year-on-year;
  • • Passenger retail: EUR51.7 million, +2.2%;
  • Operating costs: EUR399.1 million, +8.1%;
  • • Fuel: EUR103.5 million, -0.2%;
  • Operating profit*: EUR38.7 million, +32.9%;
  • Average fare: EUR131.27, +6.5%;
  • Short-haul: EUR94.3, +0.2%;
  • Long-haul: EUR364.2, +5.3%;
• Six months ended 30-Jun-2014:
• • Revenue: EUR697.2 million, +6.0%;
  • • Passenger retail: EUR90.4 million, +3.8%;
  • Operating costs: EUR707.1 million, +4.9%;
  • • Fuel: EUR170.3 million, +3.0%;
  • Operating profit (loss)*: (EUR9.9 million), compared to a loss of EUR16.4 million in p-c-p;
  • Net profit (loss): (EUR12.3 million), compared to a loss of EUR23.5 million in p-c-p;
  • Average fare: EUR122.0, +3.6%;
  • • Short-haul: EUR90.1, -1.1%;
    • Long-haul: EUR352.4, +3.3%;
  • Total assets: EUR1894 million;
  • Cash and cash equivalents: EUR280.0 million;
  • Total liabilities: EUR1081 million. [more - original PR]

*Before net exceptional items

Aer Lingus: "Since last providing guidance in June 2014, good progress has been achieved to recover bookings following the actual and threatened industrial disruptions in the first six months of 2014 although there was insufficient time for these efforts to have an effect on June bookings and there is more to do in the late summer months. Based on recent trading trends, management once again expect that full year 2014 operating profit (before net exceptional items) will be at least in line with 2013 (i.e. EUR61.1 million)." Source: Company statement, 30-Jul-2014.