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Aer Lingus reports operating loss in 1Q2013

26-Apr-2013 3:34 PM

Aer Lingus revenue up 3.3% - financial highlights for the three months ended Mar-2013

  • Revenue: EUR259.7 million, +3.3% year-on-year;
    • Passenger: EUR246.3 million, +3.0%;
    • Cargo: EUR11.5 million, +4.5%;
  • Operating costs: EUR305.2 million, -6.1%;
    • Fuel: EUR72.3 million, -5.4%;
    • Staff: EUR64.7 million, +0.5%;
  • Operating loss: (EUR45.5 million), compared to a loss of EUR36.1 million in p-c-p;
  • EBITDAR: (EUR13.7 million), compared to a loss of EUR6.1 million in p-c-p;
  • Total average fare yield per passenger: EUR110.13, +3.7%;
  • Passenger numbers: 1.9 million, +0.3%;
    • Short haul: 1.7 million, -0.5%;
    • Long haul: 181,000, +8.4%;
  • Passenger load factor: 71.4%, +2.7 ppts;

Aer lingus: “While we currently have only limited visibility over booking patterns for the second half of 2013, our present level of total bookings for the remainder of 2013 is ahead of the equivalent level at this time last year. The indications are that the long haul market is strong enough to absorb the additional capacity we have introduced. Trends identified in 1Q2013, including higher airport charges, the strength of long haul and the softness in GBP and our UK market have the potential to remain a feature for the rest of the year. On that basis, we currently expect 2013 operating profit, before exceptional items, to be broadly in line with last year.” Source: Company statement, 25-Apr-2013.