Aer Lingus flying high with €27m profit

AER LINGUS has confirmed the airline is heading for a profit of 40m this year instead of a €27m loss previously projected.

But the turnaround has come at a heavy cost, particularly in large-scale job cuts.

Aer Lingus was also heavily criticised by the Irish Travel Agent's Association (ITAA) last month after imposing an 80% cut in commission paid to travel agents. ITAA claims the reduction will put many of its 375 members out of business.