Challenge to revenue on transatlantic routes could be more enduring than the hit from pilots’ industrial action
Competition from American carriers on transatlantic routes hit Aer Lingus's profitability in the first six months of the year. Photograph: Charly Triballeau/AFP via Getty Imagesmade an operating profit of €9 million in the first six months of 2024, down €31 million compared with last year.
Some of this was driven by the industrial action taken by pilots in a row over pay, but only some. In a statement, Aer Lingus said theThere were five days of disruptions in late June due to the work to rule by pilots while the flight schedule didn’t return to normal until July 17th . The other key factor in its profit decline was competition on transatlantic routes. American carriers increased their capacity into Ireland by 20 per cent this summer, “putting pressure on Aer Lingus’ long-haul revenues, particularly in the economy cabin”. This is expected to continue into the third quarter.
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