Business News
Troubled Aer Lingus posts Q2 profit, slashes first half losses
Aug 24, 2010, 10:21 GMT
Dublin - Troubled Irish airline Aer Lingus said Tuesday it hopes to break even this year after posting a second-quarter operating profit of 18.2 million euros (23.1 million dollars), compared with a loss of 18.2 million euros in the second quarter of 2009.
The airline also slashed losses in the first half of 2010 to 19 million euros, down from 93 million euros in the same period of 2009.
'Aer Lingus has delivered a significantly improved operating result in the first half of 2010 compared to prior year,' said Aer Lingus Chief Executive Officer Christoph Mueller.
The CEO noted that the result came despite Ireland continuing to suffer from high unemployment and falling passenger numbers as a result of the economic crisis.
'For the 2010 full year, we expect to report an operating performance (before exceptional items) of no worse than break even,' Mueller said.
However, the CEO warned that such an objective could be jeopardized by further industrial action by its staff or new emergencies beyond its control, such as the closure of European airspace due to volcanic ash spewing out of Iceland earlier this year.
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