Advertisement

Aer Lingus sees profits fall so far in 2019

Aer Lingus has seen a decline in profits for the six months of the year to June 30th. Its parent ...
Jack Quann
Jack Quann

12.27 2 Aug 2019


Share this article


Aer Lingus sees profits fall s...

Aer Lingus sees profits fall so far in 2019

Jack Quann
Jack Quann

12.27 2 Aug 2019


Share this article


Aer Lingus has seen a decline in profits for the six months of the year to June 30th.

Its parent company, International Airlines Group (IAG), has released the results.

The group as a whole saw a second quarter operating profit of €960m before exceptional items.

Advertisement

Its profit after tax before exceptional items stood at €806m - up 0.4%.

While passenger revenue across the group for the quarter was up 3.1%.

Aer Lingus recorded passenger revenue of €939m, which was up from €867m for the same period last year.

But the Irish flag carrier saw its operating profits drop from €104m last quarter to €78m this quarter.

Back in June, IAG announced an order of six Airbus A321XLR aircraft for Aer Lingus.

It will be one of the first airlines to use the extra long-range narrowbody aircraft.

Aer Lingus Airspace XL bins in the Airbus A321XLR | Image: Airbus

Spanish carrier Iberia, also owned by IAG, will take delivery of eight new aircraft.

It is a single-aisle aircraft that can fly routes of up to 4,700 nm (8,700 km) with 244 passengers.

It is also designed to produce 20% lower fuel burn per seat, 5,000 tonnes less CO2 per year, and a noise footprint that is 50% lower for passengers and airports.

The plane also has the largest overhead storage compartment, called 'XL bins', and also features a new toilet design and coloured LED lighting for the cabin.

The first deliveries are scheduled for 2023.

IAG says: "The A321XLR will be used to expand both Aer Lingus and Iberia's existing longhaul fleets."

The group also praised Aer Lingus growth on transatlantic routes - including the full year impact of services to Philadelphia and Seattle, which were launched in 2018.

IAG CEO Willie Walsh says: "Despite fuel cost headwinds, we delivered a good performance.

"At constant currency, fuel unit costs were up 6.3 % while passenger unit revenue increased 1.1%, benefiting from the timing of Easter."


Share this article


Read more about

A321XLR Aer Lingus IAG International Airlines Group Operating Profit Passenger Revenue Profits

Most Popular

Live: Title

Now playing

00:00:00 / 00:00:00
Added to queue
Removed from queue

On Air

Share

Share


Up next

Episode title
Show
Duration

You currently have no podcasts in your queue.

Go to podcasts

On Air

The Tom Dunne Show

The Tom Dunne Show

22:00-00:00

Share

Up next

BEST OF NEWSTALK

BEST OF NEWSTALK

00:00-06:00

Share

BREAKFAST BRIEFING

BREAKFAST BRIEFING

06:00-06:30

Share

BREAKFAST BUSINESS

BREAKFAST BUSINESS

06:30-07:00

Share

NEWSTALK BREAKFAST

NEWSTALK BREAKFAST

07:00-09:00

Share

THE PAT KENNY SHOW

THE PAT KENNY SHOW

09:00-12:00

Share

LUNCHTIME LIVE

LUNCHTIME LIVE

12:00-14:00

Share

MONCRIEFF

MONCRIEFF

14:00-16:00

Share

THE HARD SHOULDER

THE HARD SHOULDER

16:00-19:00

Share

OFF THE BALL

OFF THE BALL

19:00-22:00

Share

THE TOM DUNNE SHOW

THE TOM DUNNE SHOW

22:00-00:00

Share

00:00:00 / 00:00:00

Share on