Aer Lingus revenue down 1.8%, losses halved in 1Q2010

Aer Lingus revenue down 1.8% - financial highlights for the three months ended 31-Mar-2010:

• Total revenue: EUR230.0 million, -1.8% year-on-year;
  • Ancillary: EUR38.6 million, +2.1%;
• Total operating costs: USD267.9 million, +13.3%;
  • Labour: EUR67.3 million, +8.4%;
  • Fuel: EUR54.9 million, +42.6%;
• Operating profit (loss): (EUR37.8 million), compared to a loss of EUR74.8 million in the previous corresponding period;
• Passenger numbers: 2.0 million, -3.2%;
  • Short-haul: 1.8 million, -0.4%;
  • Long-haul: 172,700, -25.0%;
• Passenger load factor: 69.1%, +0.3 ppt;
  • Short-haul: 68.3%, -1.8 ppt;
  • Long-haul: 70.9%, +3.8 ppts;
• Average fare per passenger: EUR89.80, +0.6%;
  • Short-haul: EUR74.27, +3.0%;
  • Long-haul: EUR255.95, +12.4%;
• Ancillary revenue per passenger: EUR19.13, +5.4%. [more]

Aer Lingus: "While the trading environment remains challenging, early indications on Q2 revenues are positive. Short haul bookings for Q2 are broadly equivalent to prior year but are being achieved at higher yields. The Group's long haul bookings are currently performing ahead of prior year both in terms of load factor and yields … we have limited visibility over the booking profile for H2 2010 and our key markets remain subdued," Company statement. Source: Aer Lingus, 04-May-2010.