Saturday September 03 2011
AER Lingus is likely to generate almost double the previously anticipated level of operating profits this year and in 2012 as its margin and mix of business improves, according to Merrion Capital. Analyst Gerard Moore yesterday significantly upgraded his forecasts for the airline following the release this week of its interim results. He said that this year
Aer Lingus should generate an operating profit of €32.6m, implying a margin of about 2.5pc. That compares to his previous estimate of €17.5m.