Page last updated at 08:11 GMT, Tuesday, 9 March 2010

Aer Lingus sees profits fall and fares drop in 2009

Aer Lingus aircraft
Aer Lingus profit figures grounded by cabin crew ballot

Aer Lingus, the Irish airline, has reported a loss for 2009 of 66.2m euros (£60m, $90m).

It came as its fares fell by almost 17%, with long haul fares falling most sharply, although passengers numbers rose by 3.8% to 10.4 million.

The figures were released in a short trading update one day after the company said it would delay its complete full-year results.

That move came after its cabin crew rejected a cost-cutting proposal.

Unions representing pilots, middle management, maintenance staff and some ground staff and cabin crew had accepted the proposals, which would mean a cut of some 20% in staff levels.

The company will now have to make a greater provision for those blocked cost-cutting measures, which it had hoped would save it 97m in annual operating costs.

The loss-making airline said it would release its full results "in due course".



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