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Aer Lingus Announces Pre-Exceptional Operating Loss For FY2021

Published on Feb 25 2022 3:12 PM in General Industry tagged: Trending Posts / Aer Lingus / Lynne Embleton

Aer Lingus Announces Pre-Exceptional Operating Loss For FY2021

Aer Lingus has announced that it experienced a pre-exceptional operating loss in FY2021.

Pre-Exceptional Operating Loss Figure

In a statement published on Mediacentre.aerlingus.com, Aer Lingus CEO Lynne Embleton said that the airline announced a pre-exceptional operating loss of €347 million for FY2021, which is on top of the €361 million that was lost the previous year.

Passenger Numbers, Daily Losses And Debt

Passenger numbers were less than 25% of pre-COVID-19 pandemic 2019 levels last year, according to Embleton's statement on Mediacentre.aerlingus.com, which also said that the scale of COVID-19 pandemic restrictions and impacts resulted in Aer Lingus's losses being close to €1 million per day throughout 2021 and 2020, and that the airline had to take on significant debt.

Demand Environment, Capacity And Summer Schedule

Embleton also said in the statement published on Mediacentre.aerlingus.com that the demand environment is much more positive now, that Aer Lingus remains focussed on its ambition to return to 90% of normal capacity this year, and that the schedule for the summer of this year triples capacity compared to last summer and will reach 90% of pre-COVID-19 pandemic 2019 levels by the summer peak.

© 2022 Hospitality Ireland – your source for the latest industry news. Article by Dave Simpson. Click subscribe to sign up for the Hospitality Ireland print edition.

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