annual report 2009 - Aer Lingus

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helsinkiRoute NetworkExisting RoutesAer Lingus regional operated by Aer ArannRoutes commencingRoutes concludingCargo RoutesUsa via DublinshannonGlasgowBelfastEdinburghdurhamTEEs VALLEyBlackpoolManchesterdoncastershEFFiELdBirminghamLondonhEAThRoWCardiffLondonGATWiCkParisMarseillesAmsterdamBrusselsEuRoPEdusseldorfNiceFrankfurtMilanLiNATEMilanMALPENsAMunichVenicePragueViennakrakowWarsawVilniusBarcelonaRomeMadridNaplesLisbonPalma88iNFLiGhTMAPs102iNFLiGhTMAPsFaroCataniaMalagaUSA & EUROPE – CONNECT BETWEEN THE FOLLOWING CITIESVIA DUBLIN & SHANNON, NEW YORK, BOSTON & CHICAGOAgadirHelsinkiGlasgowEdinburghBelfastKnockManchesterShannon DublinBirminghamLondonHEATHROWCorkCardiffLondonBristol GatwickJersey ParisLa RochelleBarcelonaAmsterdamEuRoPENiceMunichRomeConneCTIons: Usa & eUroPeCoNNECT BETWEEN ThE FoLLoWiNG CiTiEs ViA duBLiN & shANNoN, NEW yoRk, BosToN & ChiCAGovIa DUBLIn Glasgow Edinburgh vIa shannonwith aer linguswith aer lingusAgadirMilan linate GlasgowPortland ME Jacksonville Cincinnati Vilnius PittsburghAmsterdam Munich Belfast DurhamLondon HeatHrow Portland oR Las Vegas Cleveland Portland oRTEES VALLEYBarcelona NaplesvIa new york Raleigh-durham Long Beach Columbus Raleigh-durhamWoRThBrusselsBirminghamDublin PalmaNiceDoncaster Aguadillawith JetBlueManchesterRichmond HamburgRochesterNew orleansoaklanddallas FoRTdenversacramentosalt Lake CityBlackpoolCatania Shannon ParisSHEFFIELD Buffalosacramento Berlin orlandodetroitsan diegodusseldorfLondonPragueAmsterdamBirmingham Burbanksan diego PittsburgWarsawhoustonsan FranciscoEdinburgh Cork RomeBurlington san JoseDusseldorfRaleigh durham indianapolis seattleHEATHROWFaroVeniceCardiffLondon Charlotte san Juan Richmond Jacksonville st LouisFrankfurt ViennaGATWICKdenverBrusselssyracuse san diego kansas City TampaGlasgowVilniusFort Lauderdale TampaFrankfurtsan JoseKrakowLas VegashelsinkiWarsawEuRoPEFort MyersPragueWashington Dulles san Juan LexingtonkrakowJacksonvilleTampaWest Palm MunichBeachLos AngelesJerseyLisbonRennesLas VegasvIa DUBLInwith aer lingus regional ParisvIa BosTonVienna Washington Dulles LouisvilleLondon GatwickLong BeachWest Palm Beach Budapest Miamioperated by aer arannwith JetBlueLondon HeatHrow Blackpool New orleans Baltimore Zurich Salzburg vIa ChICaGo MinneapolisMadridCardiffoaklandBuffaloGenevaNashvillewith unitedMalagasHeFFielDdoncaster orlandodenverAtlantaNew orleansManchester durham tees Valley Pittsburg Fort LauderdaleMilanLINATE VeniceAustinomahaLyonMarseilles Edinburgh PonceBordeauxFort MilanMyersCharlotte PhoenixMALPENSA91BucharestBolognaBilbaoNiceALL RouTEs CoRRECT AT TiME oF GoiNG To PREssToulouse MarseilleBourgasSantiago deDubrovnikCompostelaRomeBarcelonaMadridPalmaNaplesLisbonFaroMalagaAlicanteLisbonFaroMalagaAlicanteIbizaCataniaAthensTenerifeLanzaroteLoG oNTo AERLiNGus.CoMFoR FLiGhT iNFoRMATioN, sChEduLEs & BookiNGseuropean route networkTo & FRoM BELFAsT, CoRk, shANNoN & GATWiCkFrom belFastcanary IslandsLanzaroteTenerifeItalyRomeportugalFarospaInAlicanteBarcelonaMalagaunIted kIngdomLondon HeatHrowcara magazIne APR/MAy 2010From corkcanary IslandsLanzaroteTenerifeFranceLa RochelleNiceParisgermanyMunichNoRThAMERiCA ItalyRomeportugalFaroLisbonchicagoAFRiCAEUROPE TO & FROM BELFAST, CORK, SHANNON & GATWICKspaInAlicanteBarcelonaMalagathe netherlandsAmsterdamunIted kIngdomBirminghamBristolCardiffEdinburghGlasgowJerseyLondon gatwickLondon HeatHrowManchesterbostonnew yorkFrom gatwIckIrelanddublinireland WestAirport knockCorkspaInMalagaexisting routes aer lingus regional operated by aer arann routes commencing routes concluding cargo routesFrom shannonunIted kIngdomLondon HeatHrowIrelanddublinshannon90iNFLiGhTMAPsdublincorkTenerifeGran CanariaFuerteventuraLanzaroteAgadirEUROPE TO & FROM DUBLINLoG oNTo AERLiNGus.CoMFoR FLiGhT iNFoRMATioN, sChEduLEs & BookiNGsseattleeuropean Portland oRroute networkTo & FRoM duBLiNaustrIaFInlandhungarythe netherlandssalzburghelsinki sacramentoBudapestAmsterdamViennasan Francisco FranceIrelandpolandbelgIumBordeauxshannonkrakowBrussels san JoseoaklandLyonWarsawNoRThMarseillesItalyAMERiCA 1 MayNiceBolognabulgarIaportugalBourgas Las 1 May VegasParisCataniaFaroBurbank1 Maycanary Islands RennesMilan linateLisbonLos AngelesFuerteventura ToulouseMilan malpensaBurlingtonMinneapolisNaplesromanIaRochesterGran Canaria Long Beachgermany omaha RomeBucharest syracuseLanzarotesalt Lake Citysan diego Berlinchicago Venice detroitTenerifespaIndusseldorfdenver st LouisCleveland Alicante BuffalocroatIaFrankfurtlIthuanIaPhoenixColumbusdubrovnikhamburgVilniusBarcelonakansas City indianapolisBilbao 1 MayMunichCincinnati Pittsburghmoroccoibiza 1 MayLouisvilleLexingtonczech republIcPraguegreecedallasFoRTh Athens WoRThAgadir 24 Apr Baltimore MadridNashville Washington MalagaPalma1 May1 MayRichmondexisting routes aer lingus regional operated Austin by aer arann routes commencing routes concluding cargo routesCharlotte Raleigh-durhamhoustonAtlantaNew orleansJacksonvillesantiago deCompostela 1 MayswItzerlandGenevaZurichunIted kIngdomBirminghamEdinburghJerseyLondon gatwickBoston London HeatHrowManchesterPortland MEnew yorkFor more information aboutaer lingus cargo serviceslog onto:aerlinguscargo.comunIted kIngdomwith aer lingus regionaloperated by aer arannBlackpoolCardiffdoncaster sHeFFielddurham tees ValleyEdinburghGlasgow87orlandoTampa orlandoFort Myers West Palm BeachFort LauderdaleMiamiPACiFiCoCEANAFRiCAPACiFiCoCEANAguadillaPoncesan JuanAMERiCAsouThUSA TO & FROM DUBLIN, CORK & SHANNONLoG oNTo AERLiNGus.CoMFoR FLiGhT iNFoRMATioN, sChEduLEs & BookiNGsUSALoG oNTo AERLiNGus.CoMFoR FLiGhT iNFoRMATioN, sChEduLEs & BookiNGssouThAMERiCAusa route networkTo & FRoM duBLiN, CoRk & shANNoNFLy Between eUroPe & the UsaWiTh AER LiNGus iN PARTNERshiP WiTh JETBLuE, uNiTEd AiRLiNEs & AER ARANN
Financial HighlightsFor the year ended 31 December 2009ContentsChairman’s Statement 2Chief Executive Officer’s Review 4Operating and Financial Review 6Results2009 2008 1 ChangeBoard of Directors 10Executive Management Team 12Revenue €m 1,205.7 1,355.0 (11.0%)EBITDAR 2 €m 57.5 103.1 (44.2%)Operating loss before net exceptional items €m (81.0) (20.0) 305.0%Net exceptional items €m (88.6) (140.9) (37.1%)Operating loss after net exceptional items €m (169.6) (160.9) 5.4%Net finance income €m 14.8 38.8 (61.9%)Income tax credit €m 24.7 12.2 102.5%Loss for the year €m (130.1) (109.9) 18.4%Total equity €m 704.5 762.5 (7.6%)Loss per share €cent (24.6) (20.7) 18.8%Gross cash 3 €m 828.5 1,206.8 (31.3%)Corporate SocialResponsibility Statement 13Directors’ Report 26Report of the RemunerationCommittee on Directors’Remuneration 38Independent Auditor’s Report 43Financial Statements 45Shareholder Information 90Operating and Financial Statistics 92Key financial statisticsPassenger/ancillary revenue per RPK €cent/RPK 7.4 8.0 (7.5%)Unit cost, excluding fuel 4 €cent/RPK 3.85 3.80 1.3%Unit cost, including fuel €cent/RPK 5.41 5.60 (3.4%)EBITDAR margin % 4.8% 7.6% (2.8pt)Operating margin % (6.7%) (1.5%) (5.2pt)Key operating statistics 5Passengers carried ‘000 10,382 10,001 3.8%Revenue passenger kilometres (RPK) m 15,819 16,277 (2.8%)Available seat kilometres (ASK) m 21,228 22,370 (5.1%)Passenger load factor % 74.5% 72.8% 1.7pt1 2008 figures have been restated following the adoption of IFRIC 13 Customer Loyalty Programmes.2 Earnings before employee profit share, interest, tax, depreciation, amortisation and aircraft rentals.3 Gross cash is defined as loans and receivables, deposits and cash and cash equivalents.4 Unit cost is based on total operating costs, excluding depreciation, amortisation, aircraft rentals,employee profit share and fuel, divided by revenue passenger seat kilometres.5 Key operating statistics related to scheduled passenger operations.
Page 1: annual report 2009
Page 5 and 6: Chairman’s Statement Aer Lingus G
Page 11 and 12: Operating and Financial Review Aer
Page 13 and 14: Board of Directors Aer Lingus Group
Page 15 and 16: Corporate Social Responsibility Sta
Page 29 and 30: Directors’ Report Aer Lingus Grou
Page 35: Directors’ Report Aer Lingus Grou
Page 38 and 39: 36 Directors’ Report Aer Lingus G
Page 41 and 42: Remuneration Committee Report Aer L
Page 43 and 44: Remuneration Committee Report Aer L
Page 45 and 46: Independent Auditors’ Report Aer
Page 47 and 48: Financial Statements Aer Lingus Gro
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