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Dublin: 14 °C Tuesday 21 May, 2013

Aer Lingus profits increase by 40.7 per cent in 2012

This is the third consecutive year that Aer Lingus has reported profitability.

Image: James Horan/Photocall Ireland

IRISH AIRLINE AER Lingus has seen its profits increase by 40.7 per cent in 2012.

The company said that its preliminary results show it achieved an operating profit of €69.1 million for the year ended 31 December 2012, an increase of 40.7 per cent on its 2011 result of €49.1 million.

This is the company’s third consecutive year of profitability.

Last year was also a record year for Aer Lingus on the passenger front, with 10.8 million passengers flying with the airline. This was the highest such number ever flown in a single year by Aer Lingus and is itself an increase of 3.8 per cent on 2011.

Revenue

Revenue for the year stood at €1,393.3 million, represented an increase of 8.2 per cent, while gross cash increased to €908.5million and debt debt reduced by 7.9 per cent to €531.6million.

The number of forward passengers booked on Aer Lingus services at 31 December was ahead of the figure booked at the same time in 2011 – and the the single highest day of revenue booked in the history of Aer Lingus was recorded in January 2013.

Because of this positive performance, the Aer Lingus board is now proposing to pay an increased dividend of 4 cent per share for 2012.

Commenting on the 2012 performance Christoph Mueller, Aer Lingus’ CEO said:

2012 was an excellent year for Aer Lingus. In addition to the strong financial performance, improved processes and service delivery were reflected in a record on-time arrival performance of 88 per cent and a high customer satisfaction level.
We believe in our new business model. Our positioning at the centre of the market is allowing us take market share from the legacy carriers as well as the pure low cost and regional carriers.

Mueller said that in 2013 Aer Lingus will grow its North Atlantic services by 15 per cent and deploy four short haul aircraft in a co-operation with Virgin Atlantic out of London Heathrow.

It will also fly one Airbus A330 aircraft during the next three winter seasons on behalf of a major European tour operator, as well as continuing to invest in “state of the art IT infrastructure” to improve its customer service and convenience and drive down overall costs at the same time”

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Comments (61 Comments)

  • Fair play to all at aerlingus

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  • Jeez they’re flyin.

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  • Nice to see a customer care focused Irish airline doing well for a change.

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  • Good to see them doing well.. long may it continue..

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  • Bouile 06/02/13 #

    Great airline!

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  • Great news for the airling and well done to all involved.

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  • Wait till next year’s results; the Virgin contract in the UK’s going to be very profitable…

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  • Sean O 06/02/13 #

    More power to aer lingus. When one books with them they have to worry what’s waiting for them when they to the airport like some other airline. There staff are helpful and friendly the only way to fly. Keep up the good work.

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    • John F 06/02/13 #

      Can you ellaborate a bit Sean? A bit of scaremongering no? Aer Lingus have very strict rules also, I saw them refuse a lot of cabin baggage on flight to Amsterdam recently! They now to charge to sit at an exit row seat which is disgraceful, i’ve been on flights where these seats were left empty! Who’s supposed to open the exit door in an emergency? They’re as ruthless and money grabbing as most other airlines in europe! Their long haul is woeful! Terrible food! Charge 5euro for beer/wine when most long haul carriers provide complimentary alcohol (makes economy that bit more bareable!! ) They don’t have a patch on the services available onboard Ethihad, Emirates, Singapore et al! I wish them all the best been an Irish company but Im not deluded as to the standard of their product in comparison to their competitors!

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    • You can’t compare Aer Lingus to Emirates, they fly different routes for starters. Aer Lingus long haul isn’t great I agree but in comparison to the other airlines flying the same routes ie to US it’s pretty much the same.

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    • Of course they’re strict with their cabin baggage policy, flights have been continuously delayed due to excess baggage! NO BAGGAGE FEE when taken at the gate even if it is outside the limits as set out on the website! Beer is actually €4.50 on TA flights not €5 euro as stated! If you don’t like the economy meal or service there is always business class or the new enhanced meal that you could purchase for €17.50 that includes a complimentary alcoholic beverage! As for charging for seats that has become nearly industry standard at this stage did you BA charge first class passenger to pre-book seats? As per exits requirements the IAA has strict rules in relation to the seating of passengers at o/wing exits and I can guarantee they were not left unmanned for take off/landing if you insist otherwise I suggest you contact the IAA.

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    • John F 06/02/13 #

      Why can’t you compare them to Emirates? Also Aer Lingus made a complete mess of most of their long haul routes, absolute disgrace that you have to go through London or stop in East Coast if you want to fly to USA West Coast ! What about the mess they made of the service they launced to Dubai? How long did that last? Emirates and Etihad seem to be making a lot of money with 3 daily flights to UAE, Aer Lingus couldn’t even turn a profit from been the only operator on the route at the time!
      Also I personally find United and Deltas Long Haul to USA from Ireland a lot more pleasent than Aer Lingus’ even in narrow body aircraft!

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    • John F 06/02/13 #

      @David. I have been on countless flights recently (not just Aer Lingus) where cabin crew have refused me access to sit in exit row because I didn’t pay for the privelege, they’d rather leave them empty! Surely a case should be before the european courts over safety concerns! 4.50/5 doesn’t matter… every other long haul carrier in europe provide complimentary alcohol, real cutlery and a higher standard of complimentary dining! Their long haul business has shrunk instead of grown over the last 10 years, evidence that they’re incapable of making a profit in this area! The only reason they’ve increased profitts is because they’ve switched to the Ryanair/EasyJet ‘No frills’ strategy on domestic making them almost indistinguishable from Ryanair.. Oh wait, you get your seat assigned at check-in! Hmmmm

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    • @john
      You don’t have to queue like cattle for your seat.. You can ACTUALLY check in for your flight? Aerlingus in my view would be classified as a hybrid carrier offering an alternative to what’s available for the high/low cost carriers out there at the mo.

      The fact that you said you have been refused exit seats on several flights leads me to believe that you were deemed unsuitable to sit there for whatever reason, again you can refer to the IAA for more information re exit row seating.

      As for the Atlantic not sure if your information is correct but when the full figures and details are released from today’s announcement we’ll all have more factual info

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    • John F 06/02/13 #

      @David. Don’t be a smart ass! I was refused to sit there whilst onboard as I had not pre-paid for the ‘privelege’ Most airlines don’t have facility to accept the payment onboard and so they leave these seats empty! And I didn’t know the IAA were responsible for European wide safety regulation?

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    • John F 06/02/13 #

      Here’s a link… Obviously Ryanair got the most attention but most other carriers including EI soon followed this money spinning idea!

      http://www.dailymail.co.uk/travel/article-2117537/Ryanair-investigated-emergency-exit-rows-left-passengers-snub-10-charge.html

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    • Don’t use bad language it’s highly immature! I was simply suggesting one of the many reasons why you would be refused a seat there. IAA govern all Irish registered aircraft! Again refer to them for more information regarding all safety matters. Also I would suggest you no longer comment on pages like this if you reply to a genuine comment with profanity.

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    • Thanks for the link John! But EI and FR are (for now) separate company’s! I have travelled FR recently and my friend and I were moved into empty overwing exits once all
      Passengers had boarded the a/c.

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    • John F 06/02/13 #

      @David. Profanity? A bit over the top no? Also read your comment again, it comes across as arrogant! Do you not think I would know if I had a disability which would make me ineligible from sitting at exit rows?
      How often do you fly FR? I’ve witnessed this on numerous occasions and also on Norwegian and Ryanair, its well documented in the media!
      Here’s a second article about contreversial exit row charging.

      http://www.nytimes.com/2010/03/09/business/09road.html?_r=0

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    • ‘Insult’ i think would be more appropriate. I never mentioned a disability your assumptions are obviously getting a head of yourself. There are many many reasons why a cabin crew member might refuse you an exit seat! In fairness I’ve only flown FR once in the last couple of years. In my opinion they were ok for a short flight and fully compliant….

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  • I just hope Ryanair don’t get their hands on Aer Lingus

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    • gabino 06/02/13 #

      Ryanair have offered Flybe 100m pounds to buy Aer Lingus. Announced yesterday.

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    • gabino 06/02/13 #

      I’ll clear my previous comment up as its not accurate.
      Ryanair offered Flybe 100million to set up Flybe Ireland and they could use the aer lingus brand for 3 years. however ryanair would own aer lingus. Part of the deal would be that Ryanair would give flybe Ireland 43 routes into Europe and nine airbus A320 aircraft. It’s all to by pass the competiton rules to ensure there is no monopoly airline in Ireland and to get approval from the EU commission.

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    • Dave 06/02/13 #

      No, they have offered flybe money to take over some Aerlingus routes, not buy the company.

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    • gabino 06/02/13 #

      Exactly Dave, hence why I cleared up my comment an hour before you “corrected” me.

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  • Please keep Ryanair away from them…. We’d be landlocked here in cork without Aerlingus…

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  • Delighted for Aer Lingus! Great airline with fantastic staff and customer service. And even more happy that Ryanair can’t get their grubby hands on it!

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  • A bit of a good news story. Nice change, more of the same please!

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  • Up yours Ryanair :)

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  • Well done AerLingus and staff ,you hard work shows .I always enjoying my flights.Please keep Ryanair away .

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  • Great to see AL doing so well. Hopefully one day they’ll return to full-service and also create a decent app; their current one is brutal. Until then when flying long haul or Dub – LHR it’s British Airways for me. AL for all my european flights exc LHR.

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  • It’s about time to give the staff a pay rise. My sister has been with them for six years and is still on the same salary!

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    • Have industry salaries for her role moved on in 6 years? i.e. can she claim she would get more pay for the same job at Ryanair or BA?

      There is no right to automatic salary increases, and if you throw in your lot with a union, they ensure that any increase is paid to everyone and therefore miniscule, rather than rewarding individual effort.

      I would suggest that increased profitability is related to increased butts in seats, lowering of costs etc. Mueller isn’t about to start handing that over to a staff that seem to be threatening strike action every 6 months.

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  • D Ryan 06/02/13 #

    Really like flying aer lingus but they let themselves down in the customer service department; especially in relation to cancelled flights. Had to wait a full year for refund of tax on flights which i had to cancel due to illness. No email or dedicated phoneline, just write ot talk to customer care; which I did on four separate occassions.Each rep was professional but none of them followed up my request.. Eventually had to ring head office and rant. That resulted in closure of the case. But if its that hard to get back money I’m not surprised they make a big profit. Still happy to see our national airline doing well.

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  • Aer Lingus are great on short haul flights but have to say on the long haul flights the cabin crew are rude and unhelpful.

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  • I wonder will the tax payer get the money back that was given to them when it was showing a loss?.

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  • it because half the country leaving this shit hole.never to return

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  • Full year revenues were €1,393.3 Billion not million!

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  • rocksde 06/02/13 #

    That happens when Germans are in charge…. B-)

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  • No surprise when a ticket to Orlando is €1200. I’d rather connect in Gatwick or Heathrow than pay an extra €500

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