Aer Lingus posts €57.6m operating profit for 2010

This story is sourced from Pro
See more Pro news »

Irish flag carrier Aer Lingus has posted a full-year operating profit of €57.6 million ($81 million) for 2010, compared with an operating loss of €81 million the previous year.

Revenue for the 12-month period ended 31 December rose 0.8% to €1.22 billion, while earnings before interest, tax, depreciation, amortisation and rent (EBITDAR) more than trebled to €196.7 million.

Passenger numbers fell 10% to 9.3 million. Revenue passenger kilometres decreased by 12.2% on a 14% reduction in available seat kilometres. Load factor for the year increased 1.6 percentage points to 76.1%.

Aer Lingus posted a full-year net profit of €49.2 million, compared with a net loss of €130.1 million in 2009.

"Aer Lingus is likely to face significant challenges in its external environment over the remainder of 2011," says chief executive Christoph Mueller.

"I am confident that Aer Lingus has laid the necessary foundation work in 2010 in order to respond to whatever tests we may face in 2011 and to position the airline for a successful and profitable future."