Aer Lingus almost halved its first-quarter pre-tax loss to €36.2 million ($47.9 million) from a €67.9 million deficit in the year-ago period. Quarterly revenue declined 1.8% but operating costs fell at a much higher rate of 13.3% owing to lower staff costs and a 42.6% reduction in fuel costs. Consequently, operating loss before net exceptional items dropped 49.5% to €37.8 million from €74.8 million last year. "Our Q1 2010 operating result represents a ...

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