Aer Lingus Faces £20 Million Lawsuit
Nov 11 14
A £20 million lawsuit over Aer Lingus's decision to switch its Belfast operation will be heard next year, it was confirmed on November 10, 2014. Belfast International Airport (BIA) is suing the company for alleged breach of contract following its move to George Best Belfast City Airport. As the case came before the High Court in Northern Ireland, lawyers also confirmed that a forensic accountant had been obtained as part of the action. Mr. Justice Weatherup agreed to list the case for a full hearing in April.
Flybe Group Plc Secures New Codeshare Agreement with Aer Lingus
Nov 10 14
Flybe has secured a new codeshare agreement with Aer Lingus which, with immediate effect, builds further on its proposition to seamlessly connect its regional customers with 'One Stop to the World' connections. The partnership with Aer Lingus now enables Flybe customers travelling from Exeter, Inverness, Southend and Southampton to access, via a single stop in Dublin, an even wider range of destinations across North America and Canada. Aer Lingus' north Atlantic network includes 10 daily flights across the Atlantic to Boston, New York, San Francisco, Orlando, Chicago and Toronto. This codeshare agreement also extends to those travelling on Flybe franchise partner flights to the Irish Capital - namely those from Donegal with Loganair and Flybe's joint operation from Southend with Stobart Air. Customers will be able to make full use of this partnership through bookings via the Aer Lingus website or through local travel agents and with just one airline ticket can be assured of seamless onward flights through Dublin. There is the added benefit that Dublin Airport also provides US Customs pre-clearance meaning that passengers arrive in the United States as a 'domestic passenger' and so can proceed straight through to the arrivals at their eventual destination, by-passing lengthy US Customs and Immigration queues.
Aer Lingus Group Announces Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Earnings Guidance for the Fourth Quarter and Full Year 2014; to Launch New Seasonal Services to the United States Including Route Between Dublin and Washington DC
Nov 5 14
Aer Lingus Group plc announced unaudited earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported total passenger revenue of €509.2 million against €447.2 million a year ago. Total revenue was €531.1 million against €466.3 million a year ago. Operating profit before exceptional items was €112.9 million against €94.9 million a year ago. EBITDAR was €152.7 million against €127.2 million a year ago. Profits rose 19% to nearly €113 million.
For the nine months, the company reported total passenger revenue of €1,162.6 million against €1,072.7 million a year ago. Total revenue was €1,228.3 million against €1,124.1 million a year ago. Operating profit before exceptional items was €103.1 million against €78.4 million a year ago. EBITDAR was €217.6 million against €174.1 million a year ago.
For the quarter, the company reported total passengers carried of 3,052,000 against 2,913,000 a year ago. Total revenue passenger kilometers were 5,274 million against 4,694 million a year ago. Total available seat kilometers were 6,115 million against 5,490 million a year ago. Aer Lingus regional passengers carried 404,000 against 343,000 a year ago.
For the nine months, the company reported total passengers carried of 7,667,000 against 7,483,000 a year ago. Total revenue passenger kilometers were 12,547 million against 11,548 million a year ago. Total available seat kilometers were 15,666 million against 14,557 million a year ago. Aer Lingus regional passengers carried 1,025,000 against 836,000 a year ago.
The company expected the fourth 2014 operating loss will be higher than that reported for the same period in 2013.
The management of the company now expect that the company' full year 2014 operating profit, before exceptional items, will be ahead of the 2013 operating result it is €61.1 million.
The company will launch new seasonal services to the United States in next summer, including a route between Dublin and Washington DC.