Aer Lingus issue profit warning
20.05.08
Aer Lingus has warned that the soaring fuel costs and the slowing global economy is hitting its financial performance. The airline said that, although it usually makes most of its profits in the key summer months, the current market conditions have magnified the seasonality of its business, ‘resulting in operating losses in the first half and operating profits in the second half of 2008’.
In a trading update, Aer Lingus said the economic outlook in its main markets remains uncertain due to a slowing global economy, record fuel costs and the current weakness of the US dollar and sterling. The airline did not give an update on the performance of its new Belfast International Airport base, which was launched late last year.
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