Aer Lingus has today reported an operating loss, before exceptational items, of €347m for the year to the end of December, an improvement on the loss of €361m reported in 2020.
The airline, which is owned by IAG, had posted an operating profit, before exceptional items, of €276m in 2019. Passenger revenues for the year came in at €302m, while cargo revenues amounted to €65m.
But today's results figures show that Aer Lingus also had the lowest passenger capacity, relative to 2019, of the entire IAG group.
IAG said today it expected passenger capacity to grow to 85% of pre-pandemic levels and a return to profitability in 2022 after a collapse in 2021 capacity to just 36% of the 2019 level led to a €2.97 billion net loss.