User avatar
OA260
Topic Author
Posts: 21724
Joined: Thu Nov 30, 2006 8:50 pm

Aer Lingus Operating Profits Rise By 40.7% In 2012

Wed Feb 06, 2013 7:45 am

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/
 
Eirules
Posts: 1561
Joined: Sat Aug 04, 2007 5:17 am

RE: Aer Lingus Operating Profits Rise By 40.7% In 2012

Wed Feb 06, 2013 8:44 am

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
The way you cut your meat reflects the way you live....
 
UAL777UK
Posts: 2212
Joined: Sun Nov 20, 2005 1:16 am

RE: Aer Lingus Operating Profits Rise By 40.7% In 2012

Wed Feb 06, 2013 9:38 am

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 avatar
OA260
Topic Author
Posts: 21724
Joined: Thu Nov 30, 2006 8:50 pm

RE: Aer Lingus Operating Profits Rise By 40.7% In 2012

Wed Feb 06, 2013 11:21 am

Quoting ual777uk (Reply 2):

Indeed one can always spin a good news story into a negative just like in politics 
 
VFRonTop
Posts: 183
Joined: Fri Oct 12, 2012 6:02 pm

RE: Aer Lingus Operating Profits Rise By 40.7% In 2012

Wed Feb 06, 2013 11:59 am

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 avatar
anfromme
Posts: 774
Joined: Sun Feb 19, 2012 5:58 pm

RE: Aer Lingus Operating Profits Rise By 40.7% In 2012

Wed Feb 06, 2013 1:53 pm

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...
42

Popular Searches On Airliners.net

Top Photos of Last:   24 Hours  •  48 Hours  •  7 Days  •  30 Days  •  180 Days  •  365 Days  •  All Time

Military Aircraft Every type from fighters to helicopters from air forces around the globe

Classic Airliners Props and jets from the good old days

Flight Decks Views from inside the cockpit

Aircraft Cabins Passenger cabin shots showing seat arrangements as well as cargo aircraft interior

Cargo Aircraft Pictures of great freighter aircraft

Government Aircraft Aircraft flying government officials

Helicopters Our large helicopter section. Both military and civil versions

Blimps / Airships Everything from the Goodyear blimp to the Zeppelin

Night Photos Beautiful shots taken while the sun is below the horizon

Accidents Accident, incident and crash related photos

Air to Air Photos taken by airborne photographers of airborne aircraft

Special Paint Schemes Aircraft painted in beautiful and original liveries

Airport Overviews Airport overviews from the air or ground

Tails and Winglets Tail and Winglet closeups with beautiful airline logos