Aer Lingus reviews working lack of €347m final yr

Aer Lingus has reported an working lack of €347m in respect of final yr.

n 2020 the airline posted a lack of €361m, in keeping with annual outcomes.

Passenger numbers at Aer Lingus in 2021 had been lower than 25pc of 2019 ranges, because the pandemic continued to impression the journey business.

The airline stated it’s targeted on its ambition to return to 90pc of regular capability in 2022.

“The demand atmosphere is now rather more constructive and Aer Lingus can look ahead with optimism to extra regular ranges of flying over the course of 2022,” Lynne Embleton, CEO of Aer Lingus, stated.

“However, the monetary injury prompted to the corporate over the past two years will take time to restore, specifically coping with the debt which the corporate has accrued.”

“We additionally have to put money into including new plane to our fleet. For these causes the corporate must rigorously handle its value base and be sure that it’s environment friendly and aggressive going ahead.”

IAG, the father or mother firm of Aer Lingus, reported a lack of €2.7bn in respect of final yr.

Passenger income final yr at IAG was €5.8bn, a 6pc improve on the earlier yr.