Ryanair announced (05-Nov-2012) it raised its profit forecast for FY2013 to between EUR490 million and EUR520 million. This is an increase from the airline’s previous estimate of between EUR400 million and EUR420 million. The increased profit forecast followed the airline reporting a 10% increase in profits for 1H2013 compared to 1H2012. Meanwhile, Ryanair said it will have up to 100 aircraft grounded over winter 2012/13, however, the airline expects to have less aircraft grounded over winter 2013/14. [more - original PR]
Ryanair raises profit forecast for FY2013
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Aer Lingus' mission statement includes an aim to be the leading value carrier across the North Atlantic. Although this is not explicitly defined, it can validly claim to be among the top four in this category. Also vying with Aer Lingus for this title are Icelandair, airberlin and Norwegian.
Part 1 of this report on Aer Lingus looked at the development of its capacity and its financial performance, both before and after the acquisition by IAG in Aug-2015. This second part compares its North Atlantic network and its unit cost positioning with those of Icelandair, airberlin and Norwegian.
All four are currently pursuing rapid growth between Europe and North America and have similar weekly seat capacity scheduled in this market for summer 2017. Their trans Atlantic networks differ by their numbers of North American destinations, European hubs serving that region and European destinations connected to those hubs.
Aer Lingus is well placed among the four, but cannot currently claim to be the leading North Atlantic value carrier. Norwegian, with multiple European long haul bases, is developing quite differently from the other three. Moreover, although Aer Lingus is cost efficient, Norwegian has a significant CASK advantage.