Travelbiz E-Zine
28
July
2023

Aer Lingus recovery gathers momentum

#Traveltradetogether

Aer Lingus recorded an operating profit before exceptional items of €40 million for H1 2023, having delivered a very strong performance in Q2 2023. The positive H1 performance demonstrates an increased seasonality in the business with a Q1 operating loss of €81m being offset by a €121m operating profit in Q2. The Q2 operating profit demonstrates strong momentum as Aer Lingus builds towards the peak summer season in 2023.

The positive financial performance achieved by Aer Lingus in H1 2023, while still below pre-pandemic levels, allows us to continue the focus on repairing our balance sheet throughout the recovery phase and beyond which is needed to fund future investment.

The momentum achieved in the Q2 2023 financial performance was based on strong leisure performance on both our long haul and short haul network.  We have rebuilt our capacity to pre-pandemic levels, and expanded our transatlantic routes and frequency, offering the largest ever number of seats to North America in 2023. As part of our long haul programme we began operating a new route to Cleveland, Ohio and recommenced flying to Hartford, Connecticut.

Short haul to Europe also performed strongly during Quarter 2, with the sun destinations in high demand. While leisure travel has delivered strongly, business travel has not yet fully recovered, emphasising the key importance of the summer peak to the business.

We are particularly looking forward to the arrival of fans in huge numbers for the Aer Lingus College Football Classic match between Notre Dame and Navy which is taking place on Saturday 26 August 2023 in the Aviva Stadium. We expect more than 40,000 international travellers making it the largest ever movement of US citizens to another country for a major event.

Subscribe to our E-Zine

    More

    from latest edition

    Delta Airlines Returns to Shannon
    23rd September 2023

    Delta Airlines Returns to Shannon

    Shannon Airport has announced its continued sponsorship of Munster Rugby. The popular airport will continue to be Munster Rugby’s official airport partner, as the two iconic brands renew their p...

    Read more
    Turkish Airlines World Golf Cup 2023 qualifying event in Powerscourt
    23rd September 2023

    Turkish Airlines World Golf Cup 2023 qualifying event in Powerscourt

    Turkish Airlines Ebuzer Tanhan, Bugra Erarslna, Abby Chung and Onur Guil picked the perfect day and venue to host the 2023 Turkish Airlines 2023 World Golf Cup qualifying event in Powerscourt Go...

    Read more
    Shannon Airport says Bonjour as new Aer Lingus service to Paris takes off
    22nd September 2023

    Shannon Airport says Bonjour as new Aer Lingus service to Paris takes off

    Shannon Airport has announced its continued sponsorship of Munster Rugby. The popular airport will continue to be Munster Rugby’s official airport partner, as the two iconic brands renew their p...

    Read more
    My Royal Genie
    20th September 2023

    My Royal Genie

    Create a personalised digital brochure for your customers today and make dream holidays even more irresistible with our extraordinary brand new sales tool, My Royal Genie! Every journey has the ...

    Read more
    Big Royal Thank You!
    20th September 2023

    Big Royal Thank You!

    Welcome to the Big Royal Thank You! Royal Caribbean are here to show their gratitude to the Club Royal community with a journey filled with fun, excitement, and some truly splendid prizes. This ...

    Read more
    Emirates will now take your meal order before you fly
    20th September 2023

    Emirates will now take your meal order before you fly

    If flying between Dublin and Dubai, tantalise your tastebuds and order your meal before you fly with Emirates’ new pre-flight service.

    Read more