Aer Lingus revenue down 11%, losses widen in 2009

Aer Lingus revenue down 11% - financial/traffic highlights for the 12 months ended 31-Dec-2009:

• Revenue: EUR1,206 million, -11.0% year-on-year;
  • Ancillary: 173.9 million, +16.2%;
• Operating costs: EUR1,287 million, -6.4%;
  • Fuel: EUR331.7 million, -17.3%;
  • Labour: EUR312.2 million, -6.6%;
• Operating profit (loss) before exceptional items*: (EUR81.0 million), compared to a loss of EUR20 million in the previous corresponding period;
• Profit (loss) before tax: (EUR154.8 million), compared to a loss of EUR122.1 million in the previous corresponding period;
• Profit (loss) after tax: (EUR130.1 million), compared to a loss of EUR109.9 million in the previous corresponding period;
• Passenger numbers: 10.4 million, +3.8%;
• Passenger load factor: 74.5%, +1.7 ppt;
• Average fare yield: EUR95.62, -16.8%;
  • Short-haul: EUR77.10, -12.0%;
  • Long-haul: 255.70, -15.9%;
• Revenue per passenger: EUR112.37, -13.5%;
• Ancillary revenue per passenger: EUR16.75, +11.9%;
• Revenue per RPK**:
  • Short-haul: EUR 7.20 cents, -14.3%;
  • Long-haul: EUR 4.70 cents, -12.2%. [more]

*Cost of 2009 Cost Reduction Programme (EUR8.6 million) and 2008 Early Retirement, Voluntary Severance and Mitigation Schemes
**Includes the adverse effect of London Gatwick

Aer Lingus: "The outlook for 2010 remains uncertain with limited visibility over the second half of 2010 in particular. However, we are satisfied that we have started the process of improving yields while implementing the necessary Cost Reduction Programme," Christopher Mueller, CEO. Source: Aer Lingus, 30-Mar-2010.