Takeover target Aer Lingus reported a net loss of €95.8 million ($108.7 million) for 2014, reversing the €34.1 million net profit it posted in the year-ago period, but this was driven by exceptional labor and pensions items. “Commercial initiatives, in addition to cost control, led to the highest operating profit since the financial crisis and 17.8% above last year,” Aer Lingus outgoing CEO Christoph Mueller said. “Now that the complex IASS pension funding issues ...

Subscribe to Access this Entire Article

"Exceptional items depress Aer Lingus 2014 results" 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.

Already registered? here.