Aer Lingus's Third-Quarter Profits Up 19%
Published on Nov 5 2014 8:32 AM in General Industry
Aer Lingus has declared a profit of €112.9 million for the third quarter – 19 per cent higher than the €94.9 million recorded for the same period last year.
Total revenue for the quarter was up 13.9 per cent year-on-year to €531.1 million, which the company said was owing to a good short-haul performance and the continued success of the Aer Lingus transatlantic capacity expansion.
Short haul revenue was up 5.5 per cent to €274.3 million versus €259.9 million a year earlier. Short haul passenger volumes rose 2.2 per cent and average revenue per seat increased 5.2 per cent.
Long haul revenues rose 34 per cent to €175.9 million from €131.3 million a year earlier.
“Aer Lingus’ short haul traded strongly in a tough environment, with revenue growth increasing by 5.5 per centin the quarter. This is a reflection of the inherent strength of our business model and the success of management actions taken to address the effects of industrial disruption in the second quarter of 2014.” said chief executive Christoph Mueller.