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Old 27th Aug 2009, 06:24
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anna_list
 
Join Date: May 2005
Location: UK
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Half year results (Jan to June 2009)

Half Yearly Report - London Stock Exchange
  • Loss after tax: € 73.9 million (last year: loss of € 21.6 million)
  • "net cash of €439.6m at 30 June 2009 (30 June 2008: €802.6m)"
  • "Total revenue declined 12.2% to €555.0m (2008: €631.8m)"
  • "Average fare for the period declined by 17.1% on 2008, being a 13.1% fall on average short haul fare and an 18.5% fall on average long haul fare"
  • "Non-fuel operating costs down 5.1% to €458.4m (2008: €482.8m)"
  • "Further reductions in capacity are planned for Winter 09/10, with seat capacity on short haul routes from Dublin reducing by 14% and seat capacity on long haul routes reducing by 24%"
  • "Undertaking an exhaustive and wide-ranging examination of Aer Lingus' operations and commercial focus to institute future and sustained profitability."
  • "The group made redundancy payments of €96.8m during the period."
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