Pent-up demand for travel drives Aer Lingus back into profit

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Airline recorded an operating profit of €45m in the year, bouncing back from a loss €338m in 2021, but it still lags pre-Covid 2019

The airline’s passenger capacity compared to 2019 grew steadily as the year went on, rising from 69 per cent in the first quarter to 85.6 in the second, 89.9 per cent in the third, and 98.5 per cent in the last quarter. The total for the year was 86.8 per cent.

Aer Lingus also reopened six routes to North America during the year. Passenger load factor for the region was down 4.8 points versus 2019 to 79.3 per cent but was up 29.9 points versus 2021. The airline said leisure travel was “key to recovery”, particularly in the peak holiday periods, with business travel also recovering but at a slower pace.

 

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