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Aer Lingus Trading Update

Aer Lingus Trading Update

This morning at 10.00am Aer Lingus will be holding an investor day for shareholders and equity analysts. No new financial information will be released other than the following trading update.

Yield per passenger for July and August 2011 increased by 4.6% compared to July/August 2010, and passenger volumes were up by 1.4%. Year to date passenger yields are 7.1% ahead of prior year and year to date passenger volumes have now stabilised compared to the same period in 2010.

Ancillary revenue per passenger increased by 5.1% compared to the same period in 2010 and is now in line with 2010 on a year to date basis.

The airline said: “This revenue performance, combined with the ongoing benefits of the Greenfield cost reduction programme, meant that Aer Lingus traded ahead of prior year in July and August. Yields and volumes in September are also ahead of prior year.”

Aer Lingus will announce its Q3 interim management statement on 3rd November 2011.

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NEIL STEEDMAN has been a trade journalist, editor and proofreader for 53 years, and ITTN's News & Features Editor for 43 years. His travel blog is at www.thetravelbuddhist.com.

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