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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.

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