Aer Lingus' full-year results strong but guidance weak
Ireland’s Aer Lingus returned to profit in 2010 despite “adverse economic conditions at home”, the ash cloud crisis, severe winter weather and lower passenger numbers. CEO Christoph Mueller attributed the airline’s turnaround to its new business strategy and “greenfield” cost savings programme. The CEO, however, warned that profit levels achieved last year will be difficult to maintain in 2011.
