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Aer Lingus Group PLC (AERL)

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Thursday 12 June, 2014

Aer Lingus Group PLC

Trading update

RNS Number : 4246J
Aer Lingus Group PLC
12 June 2014
 



Aer Lingus Group plc

 

ISE: EIL1                    LSE: AERL

 

Trading update

 

Dublin & London, 12 June 2014: Aer Lingus Group plc ("Aer Lingus") today issues a trading update in respect of its full year 2014 operating outlook.

 

On 20 May 2014, Aer Lingus reported that it had experienced positive trading in April with short haul, long haul and retail all performing strongly in the month. This performance enabled Aer Lingus to maintain its guidance that 2014 operating profits would be in line with the prior year, despite the adverse effect of the strike called by the Impact trade union for the June bank holiday weekend.

 

Aer Lingus welcomes the indication given last night by Impact, following an intervention by the Labour Court yesterday, to defer the further two days of strike action that had been called for 16 and 18 June 2014. This deferral is to allow consideration of an interim recommendation to be issued by the Labour Court today.

 

However, the threat of this strike has caused significant damage to Aer Lingus' trading and forward bookings for several months into the future. This has been particularly noticeable in recent days following increased media coverage and commentary. In this context, and assuming that no further strikes are threatened, Aer Lingus now expects that its 2014 operating profits (before net exceptional items) will be 10% to 20% lower than last year. The outcome will depend in part on the speed with which we can win back customer confidence.

 

Aer Lingus continues to engage with Impact under the auspices of the Labour Court to resolve this matter and further announcements will be made as appropriate.

 

ENDS

For further information please contact:

Investors & Analysts




Catherine McGuinness

Aer Lingus Investor Relations

Tel:

+353 1 886 2892

Jonathan Neilan

FTI Consulting

Tel:

+353 1 663 3686





Irish Media




Declan Kearney

Aer Lingus Communications

Tel:

+353 86 617 2702

Sheila Gahan

Wilson Hartnell Public Relations

Tel:

+353 87 234 2409

sheila.gahan@ogilvy.com








International Media




Matthew Fletcher

Powerscourt

Tel:

+44 (0) 207 3240494

matthew.fletcher@powerscourt-group.com

 



 

 


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