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Aer Lingus predicts challenging financial year ahead
March 1st, 2011 by elisa

Despite promising figures of an operating profit of €57.6 million (an improvement of €139 million), Aer Lingus has predicted a challenging 2011 financial year as its chief executive Christoph Mueller said current fuel prices would cause 2011 profit to be “significantly below 2010”.

He said: “We expect significant challenges in 2011, with trading for the year likely to be impacted by fuel price inflation and increased airport charges in combination with difficult conditions in our home market.

“We do not expect that improvements in yield performance and ongoing cost savings can offset these increased costs. If current fuel prices persist, we expect that 2011 operating profit will be significantly below that of 2010.”

The ash cloud and poor weather conditions meant Dublin Airport passengers declined by 10% yet still the carrier managed to return to profitability. The 2010 average yield per passenger was up 12% and ancillary revenue per passenger of €17.67 was up 5.5% compared to 2009.


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