Aer Lingus reinstates profit guidance after strong trading

Aer Lingus has reinstated its 2014 profit guidance, six weeks after it downgraded it, saying that recent trading trends would help it meet the target after all.

Aer Lingus said it once again expected 2014 operating profit to be at least in line with the €61.1 million it made last year.

The company in June downgraded that profit forecast by 10 to 20 per cent, warning that the threat of further strikes by cabin crew had damaged its bookings for the next few months.

Aer Lingus said operating profit rose 33 per cent to €38.7 million in the second quarter, despite a €10 million hit from the impact of industrial action.

Reuters