Aer Lingus back in profit but still significantly lagging pre-Covid performance

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Airline repairing its balance sheet throughout recovery phase which it said is needed to fund future investment

IAG said it was focusing its capacity restoration on its strongest markets. Aer Lingus is focused on its US markets, targeting new cities such as Cleveland, and reopening previous destinations such as Hartford in Connecticut, as well as consolidating its Manchester base.

In a statement separate to the IAG results, Aer Lingus described its first half performance as “strong”. “The positive financial performance achieved by Aer Lingus in the first half, while still below pre-pandemic levels, allows us to continue the focus on repairing our balance sheet throughout the recovery phase and beyond which is needed to fund future investment.

“As part of our long haul programme we began operating a new route to Cleveland, Ohio and recommenced flying to Hartford, Connecticut.”

 

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