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 ...

Subscribe to Access this Entire Article

"Aer Lingus reports first quarter pre-tax loss of €36.2 million" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.