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Aer Lingus revenue up 5.5% for 3Q2010

8-Nov-2010 3:36 PM

Aer Lingus revenue up 5.5% - financial highlights for the three months ended 30-Sep-2010:

  • Revenue: EUR411.7 million, +5.5% year-on-year;
  • Ancillary: EUR49.9 million, -3.5%;
  • Operating costs; EUR332.5 million, +0.3%;
  • Fuel: 77.0 million, +1.1%;
  • Labour: EUR61.9 million, -19.6%;
  • Operating profit: EUR79.2 million, +35.4%;
  • Cash: EUR951.9 million, n/a;
  • Debt: EUR530.8 million, -6.8%;
  • Passenger numbers: 2.9 million, -6.0%;
  • Passenger load factor: 83.4%, +3.0 ppts;
  • Yield per passenger: EUR119.81, +3.0%;
    • Short-haul: EUR95.49, +11.1%;
    • Long-haul: EUR340.77, +19.7%. [more]

Aer Lingus: “Our performance in the third quarter and year to date is a very significant improvement on 2009 and strongly supports our strategy. However, we remain cautious on the outlook for 2011 given concerns about the durability of the recent aviation sector performance as well as continuing economic uncertainty in our primary markets,” Christoph Mueller, CEO. Source: Aer Lingus, 05-Nov-2010.

Aer Lingus: “Aer Lingus expects that the year-on-year yield growth momentum experienced in 2010 will moderate as the Group’s 2011 performance is compared to 2010, which has benefited from significant changes to the Group’s strategy on capacity and yield management,” Company statement. Source: Aer Lingus, 05-Nov-2010.