Aer Lingus revises full-year profit forecast upwards

admin
By admin July 30, 2014 11:45

Aer Lingus revises full-year profit forecast upwards

Irish flag carrier Aer Lingus has revised its previously pessimistic 2014 profit forecast, stating recent trading trends would allow the airline to meet original targets.

Aer Lingus stated that it now expected its 2014 operating profit to be at least equal to the €61.1 million it made last year.

In June Aer Lingus downgraded its profit forecast by 10-20%, warning that industrial action by cabin crew had damaged sales.

Aer Lingus chief revenue officer Michael Rutter said: “We’ve placed a number of trading and marketing initiatives into the business which have successfully restored consumer confidence across our transatlantic, our Ireland to UK and our capital cities market.”

Shares in Aer Lingus rose 4% immediately following the announcement.

Aer Lingus also stated that operating profit rose 33% to €38.7 million during Q2 2014, despite a €10 million hit during the industrial actions in May and June.

admin
By admin July 30, 2014 11:45