Loading
1-Aug-2012 1:30 PM

Aer Lingus operating profit improves in 2Q2012, expects 2012 profit to be better than 2011

Aer Lingus revenue up 7% - financial highlights:

  • Three months ended 30-Jun-2012:
    • Revenue: EUR374.8 million, +6.7% year-year;
      • Retail: EUR46.9 million, +4.2%;
    • Operating costs: EUR343.1 million, +5.8%;
      • Fuel: EUR99.3 million, +28.3%;
      • Labour: EUR66.7 million, +1.7%;
    • Operating profit: EUR31.7 million, +17.8%;
    • Profit before tax: EUR11.4 million, -73.3%;
    • Passenger numbers: 2.6 million, +1.2%;
    • Passenger load factor: 77.2%, +3.1 ppts;
    • Average yield per passenger: EUR119.18, +5.3%;
    • Retail revenue per passenger: EUR17.96, +3.0%;
  • Six months ended 30-Jun-2012:
    • Revenue: EUR626.3 million, +10.1%;
      • Retail: EUR84.5 million, +9.0%;
    • Operating costs: EUR630.7 million, +5.8%;
      • Fuel: EUR167.9 million, +29.6%;
      • Labour: EUR131.7 million, +3.9%;
    • Operating profit (loss): (EUR4.4 million), compared to a loss of EUR26.8 million in p-c-p;
    • Profit (loss) before tax: (EUR24.5 million), +78.8%;
    • Net profit (loss): (EUR21.7 million), compared to a loss of EUR12.6 million in p-c-p;
    • Passenger numbers: 4.5 million, +3.4%;
    • Passenger load factor: 73.6%, +2.6 ppts;
    • Average yield per passenger: EUR113.70, +6.3%;
    • Retail revenue per passenger: EUR18.73, +5.5%;
    • Total assets: EUR1986 million, +8.7% when compared to period ended 31-Dec-2011;
    • Cash and cash equivalents: EUR358.7 million, +35.6% when compared to period ended 31-Dec-2011;
    • Total liabilities: EUR1194 million, +20.6% when compared to period ended 31-Dec-2011. [more - original PR]

Aer Lingus: "If current trends continue, Aer Lingus' operating profit, before net exceptional items, for 2012 will be at least that achieved in 2011 (EUR49.1 million)." Source: Company statement, 31-Jul-2012.

Want More News Like This?

CAPA Membership provides access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More