Long-haul gains help get Aer Lingus back on target

A near 40% slashing of first-half losses has led Aer Lingus to reinstate original full-year guidance, after having downgraded its forecasts following strike action in May.

The company yesterday reported an operating loss (before net exceptional items) of €9.9m; down 39.6% on the €16.4m losses made in the same period last year.

Revenue for the first six months of 2014 rose by 6% to €697.2m, with net cash levels up nearly 17% to almost €586m.