SEPTEMBER 14TH, 2013

Aer Lingus Group Trading update

Dublin & London, 13 September 2013: Aer Lingus Group plc (“Aer Lingus”, “the Company”) today issues a trading update and revised outlook statement in respect of the Company’s expected full year 2013 operating result.

In first half results released on 31 July 2013, Aer Lingus noted that short and long haul forward bookings were ahead of prior year but that the short haul booking profile had somewhat eroded in July due to the

exceptionally good weather conditions that were experienced. However, the trading environment at the time was such that Aer Lingus was able to maintain its guidance that 2013 operating profit, before exceptional items, would be broadly in line with the €69.1 million reported in respect of 2012.

The current booking profile for the rest of the year suggests that despite more aggressive pricing in response to market conditions, it will not be possible to recover lost volumes experienced in July and August as a result of the warm weather. In addition, the intensely competitive pricing environment will continue to impact higher yielding in-month bookings. We intend to reduce short haul capacity by a minimum of 3% in Q4 2013 relative to prior year.

Aer Lingus’ long haul business continues to perform strongly ahead of prior year despite some weakness evident in November 2013 relative to November 2012. Some of this weakness is attributable to a distortion in the prior year comparatives due to disrupted passengers travelling in November 2012 rather than late October as a result of Hurricane Sandy in the United States. Long haul bookings for the remainder of 2013 are currently ahead of prior year.

The recent nature of these new market conditions means that trading visibility is limited but on the assumption that these conditions continue unchanged for the rest of the year, Aer Lingus currently expects that 2013 operating profit, before exceptional items, will be around €60 million. We expect that the Q3 2013 operating result will be ahead of prior year.

Aer Lingus management is examining ways to accelerate existing plans to achieve further cost efficiencies in order to preserve competiveness and protect future profitability. However, measures such as employee exits under the current voluntary severance scheme have been slowed by delays in the resolution of funding issues in the Irish Airlines Superannuation Scheme.


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