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Aer Lingus Group operating profit up 4% in 3Q2013, maintains full year profit guidance

6-Nov-2013 1:16 PM

Aer Lingus Group revenue up 1% - financial highlights for three months ended 30-Sep-2013:

  • Total revenue: EUR466.3 million, +1.2% year-on-year;
    • Passenger: EUR447.2 million, +0.3%;
      • Short-haul fare: EUR259.9 million, -5.8%;
      • Long-haul fare: EUR131.3 million, +12.4%;
      • Retail: EUR56.0 million, +5.1%;
    • Cargo: EUR9.9 million, -2.9%;
  • Total operating costs: EUR371.4 million, +0.4%;
    • Fuel: EUR103.7 million, -3.0%;
    • Labour: EUR72.1 million, +3.1%;
  • Operating profit: EUR94.9 million, +4.4%;
  • Passenger numbers: 2.9 million, -0.9%;
  • Passenger load factor: 85.5%, -0.6 ppt;
  • Average fare per passenger: EUR134.3, +0.5%;
  • Retail revenue per passenger: EUR19.24, +6.2%. [more - original PR]

Aer Lingus Group: “We do not expect any improvement in the short haul environment for the rest of 2013 which remains characterised by heavily discounted fare offerings across Europe. The 2013 outlook on long haul remains positive with the exception of some weakness expected in November which was previously communicated. We maintain our current guidance for full year 2013 operating profit, before net exceptional items, to be around EUR60 million,” Christoph Mueller, CEO. Source: Company statement, 05-Nov-2013.