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Aer Lingus Operating Profits Rise By 40.7% In 2012  
User currently offlineOA260 From Ireland, joined Nov 2006, 26853 posts, RR: 58
Posted (1 year 5 months 3 weeks 1 day 19 hours ago) and read 2277 times:

Good news for Aer Lingus in a European market where not too many airlines are making any money! Seems that they have got the right balance and their business model is working for them.

Aer Lingus has reported an 8.2% increase in revenues for 2012, while operating profits before exceptional items jumped 40.7% to €69.1m.

The airline said it carried a total of 10.8 million passengers during the year - the highest number flown in a single year by the group.


http://www.rte.ie/news/business/2013...us-operating-profits-rise-by-40-7/

5 replies: All unread, jump to last
 
User currently offlineEIRules From Ireland, joined Aug 2007, 747 posts, RR: 10
Reply 1, posted (1 year 5 months 3 weeks 1 day 18 hours ago) and read 2176 times:

Excellent news at a time when it was really needed! I can't see this suddenly stopping the FR bid but at least the nonsense argument that EI are loss making and need FR to survive may go away. A few more well chosen alliances like that with EY and soon to come AC and they are going in the right direction


Next Flights: EI DUB-LHR A320, BA LHR-SFO B744, UA SFO-LAS A320, BA LAS-LHR B744, EI LHR-DUB A320
User currently offlineual777uk From United Kingdom, joined Nov 2005, 3356 posts, RR: 1
Reply 2, posted (1 year 5 months 3 weeks 1 day 17 hours ago) and read 2077 times:

Well done EI, really good news from the group.

I am sure that MOL would spin it in a way to suggest that they could have done a whole lot beeter if owned by FR. yawn.


User currently offlineOA260 From Ireland, joined Nov 2006, 26853 posts, RR: 58
Reply 3, posted (1 year 5 months 3 weeks 1 day 15 hours ago) and read 1895 times:

Quoting ual777uk (Reply 2):

Indeed one can always spin a good news story into a negative just like in politics 


User currently offlineVFRonTop From Ireland, joined Oct 2012, 38 posts, RR: 0
Reply 4, posted (1 year 5 months 3 weeks 1 day 15 hours ago) and read 1793 times:

Quoting ual777uk (Reply 2):
I am sure that MOL would spin it in a way to suggest that they could have done a whole lot beeter if owned by FR. yawn.
Quoting OA260 (Reply 3):
Indeed one can always spin a good news story into a negative just like in politics

Would be hard to turn a profit and carry 10.8m passengers when half of your network, aircraft and crew are silver plattered to an ailing regional competitor.

I'd still be interested to hear MOL's opinion on the results though


User currently offlineanfromme From Ireland, joined Feb 2012, 438 posts, RR: 11
Reply 5, posted (1 year 5 months 3 weeks 1 day 13 hours ago) and read 1586 times:

Couldn't care less to hear MOL's take on this, really. Probably some variation of "They could have done even better as part of FR"/"This is not sustainable and they need FR to work long-term." and similar horse manure.

Note should be taken of Aer Lingus' share price - it's now at €1.29. That is just €0.01 short of Ryanair's offer of 1.30 per share. Never mind the EU commission (which I think is still going to veto the takeover anyway), I can't see too many shareholders jumping on that offer for a measly cent per share as things stand. The results and the current share price also validate a point Christoph Mueller made when Ryanair first published their offer - that point being that the offer seriously undervalues Aer Lingus.

Overall, I think this is another serious nail in the coffin of FR's takeover ambitions - EI posting a 40% increase in profit, 7% increase in passengers (highest number of passengers ever), 8.2% increase in revenue, third profitable year in a row, and shares at just €0.01 below FR's offer price...



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