Longhaul boosts Aer Lingus profits

Monday, 24 Feb, 2015 0

An increase in long-haul flights boosted Aer Lingus operating profit by 18% to €72 million (£52.76m) last year, however a one-off charge to its pension fund meant it made an overall pre-tax loss of €180 million.

The airline saw a 28% rise in revenue from long-haul passengers during the year, when the average fare per seat rose more than 7%.

It said that switching its Heathrow base from Terminal  to Terminal 2 had resulted in a major improvement for passengers.

Announcing the results this morning, the Aer Lingus management  repeated its support for a takeover of the airline by British Airways’ parent IAG.

Aer Lingus chairman Colm Barrington said: "To enhance these excellent results and to accelerate Aer Lingus’ growth, it is the board’s strong belief that the company should now take the opportunity to combine with IAG."

However, the Irish government, which owns 25% of Aer Lingus, and Ryanair, which owns almost 30%, have yet to agree to IAG’s offer.



 

profileimage

Linsey McNeill

Editor Linsey McNeill has been writing about travel for more than three decades. Bylines include The Times, Telegraph, Observer, Guardian and Which? plus the South China Morning Post. She also shares insider tips on thetraveljournalist.co.uk



Most Read

Vegas’s Billion-Dollar Secrets – What They Don’t Want Tourists to Know

Visit Florida’s New CEO Bryan Griffin Shares His Vision for State Tourism with Graham

Chicago’s Tourism Renaissance: Graham Interviews Kristin Reynolds of Choose Chicago

Graham Talks with Cassandra McCauley of MMGY NextFactor About the Latest Industry Research

Destination International’s Andreas Weissenborn: Research, Advocacy, and Destination Impact

Graham and Don Welsh Discuss the Success of Destinations International’s Annual Conference

Graham and CEO Andre Kiwitz on Ventura Travel’s UK Move and Recruitment for the Role

Brett Laiken and Graham Discuss Florida’s Tourism Momentum and Global Appeal

Graham and Elliot Ferguson on Positioning DC as a Cultural and Inclusive Global Destination

Graham Talks to Fraser Last About His England-to-Ireland Trek for Mental Health Awareness

Kathy Nelson Tells Graham About the Honour of Hosting the World Cup and Kansas City’s Future

Graham McKenzie on Sir Richie Richardson’s Dual Passion for Golf and His Homeland, Antigua
TRAINING & COMPETITION
Skip to toolbar
Clearing CSS/JS assets' cache... Please wait until this notice disappears...
Updating... Please wait...