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Aer Lingus Announces Pre-Exceptional Operating Loss For FY2021

By Dave Simpson

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

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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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