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Irish Independent
09-05-2025
- Business
- Irish Independent
Aer Lingus CEO says there has been no drop in passenger demand on US routes
Aer Lingus CEO Lynne Embleton said on Friday that the airline is seeing no evidence of a softening in demand to visit the US this year, despite evidence elsewhere that tougher US immigration enforcement may be turning visitors off. She also queried Central Statistics Office figures here that have shown a fall in visitors to Ireland this year. "Passenger numbers were up in Q1 (the first three months of 2025,' she said. "From an Aer Lingus perspective we are responsible for more than half of long haul capacity during the winter and we carried more passengers.'. "What we see doesn't match (the CSO data) and our suspicion is something quirky in the data,' she said. In Ireland, the Central Statistics Office (CSO) published figures last week showed 441,200 foreign visitors came to Ireland in March, down 15pc on the same month last year and following reported declines in January and February. In the US , the Commerce Department's International Trade Administration reported 17pc fewer visitors from Western Europe in March this year than the same month a year prior. Aer Lingus said it is not seeing such declines on its routes, including to the US. Lynne Embleton was speaking after IAG, which owns Aer Lingus, reported earnings for the first quarter of the year that beat analyst estimates on Friday and confirmed new Boeing and Airbus orders. The airline group, which includes British Airways and Iberia, said it will buy 32 US made Boeing 787-10 aircraft for British Airways and 21 French made Airbus SE A330neo planes for its Aer Lingus, Iberia or LEVEL brands. There's also an option to top up the deal with as many as 10 additional Boeing 787s and up to 13 additional Airbus A330neos, IAG said. ADVERTISEMENT The Boeing element of the deal had been flagged by the US as a win in the context of this week's UK:US trade agreement and as a UK deal will escape the threat by the European Union to levy a tariff on Boeing planes as part of a potential response to Donald Trump's US tariffs. There is no risk of tariffs on European built Airbus planes that are being bought for IAG's EU based airlines, including Aer Lingus. On Friday Aer Lingus reported an operating loss of €55m for the first quarter of 2025, compared to an €82m operating loss in the same three months of 2024. The first three months are typically the weakest quarter of the year for the airline, Aer Lingus's CEO, Lynne Embleton said the performance represents a strong financial outcome and a significant improvement on Q1 2024 and flagged new aircraft entering service with the fleet. "The Q1 performance builds upon the underlying momentum seen in the business from 2024. The first two of six A321 XLR aircraft are now in service and operating on our new routes to Nashville and Indianapolis. These new aircraft and the remaining four XLRs which are expected to join the fleet later this year will support a compelling growth ambition that will benefit the airline, our customers, our employees and the economy.' IAG's first-quarter adjusted operating profit rose to €198m , beating the estimates amid lower fuel prices and higher revenue. Despite some evidence of softening traveller interest in the US market this year the company maintained its outlook, saying it is "continuing to see good demand for air travel across our core markets and for our brands." Bloomberg News reported on Thursday that Boeing was poised to win an order from IAG, in a deal tied to US President Donald Trump's new trade agreement with the UK. The Boeing portion of the accord marks a political win for Trump, whose tariff barrage has shaken global markets and tested the strong outlook for transatlantic routes that have bolstered major airlines such as BA.
Epoch Times
09-05-2025
- Business
- Epoch Times
British Airways Owner to Order 53 Airbus and Boeing Long-Haul Planes
International Airlines Group (IAG), owner of British Airways and Aer Lingus, will place an order for 53 new Airbus and Boeing long-haul aircraft after reporting strong first-quarter results on Friday. The company said it will purchase 32 Boeing Co. 787-10 aircraft for British Airways and 21 Airbus SE A330neo planes, which may be assigned to IAG's airline brands including Aer Lingus, Iberia, and Level. They are set to be delivered between 2028 to 2033 and are in addition to the 18 planes it ordered in March. The aircraft are mainly for replacement, with around one third to be used for growth in IAG's core markets, the company said. It comes as IAG said its first-quarter 2025 revenue grew 9.6 percent to €7.04 billion, while operating profit increased by €130 million to €198 million, as strong revenue growth and lower fuel prices offset expected cost increases. Its operating margin also increased to 2.8 percent. Related Stories 5/8/2025 5/2/2025 IAG credited the strong results to 'good operational performance,' particularly at British Airways, while noting that Iberia and Vueling continue to be 'amongst the most punctual airlines in the world.' The British-Spanish company also credited 'robust' demand across its North Atlantic routes, which saw 27.8 percent of the total available seat kilometre (ASK) revenue in the first three months to March 2025. Demand was also strong in Europe (23.3 percent of the total ASK) and Latin America and the Caribbean (22.5 percent) it said. Spain and the UK were slightly more disappointing with just 8.4 percent of the total ASK. The results come as plane manufacturers have been battling with supply chain snags and other challenges that have delayed deliveries. However, IAG said its outlook for the full year remains unchanged, though it acknowledged 'geopolitical and macroeconomic uncertainty.' As of May 6, the company is around 80 percent booked for the second quarter, with revenue ahead of last year, and 29 percent booked for the second half, which it said is broadly in line with last year Luis Gallego, IAG chief executive officer, said the company's strong first quarter results 'reflect the performance of our businesses and the effectiveness of our strategy and transformation.' For now, the company remains focused on strengthening its brands across its markets of the North Atlantic, Latin America, and intra-Europe. 'We continue to see resilient demand for air travel across all our markets, particularly in the premium cabins and despite the macroeconomic uncertainty. 'Our commitment to financial strength and shareholder value is reflected in €530 million of share buybacks completed in 2025 so far, alongside a proposed final dividend of €288 million, which brings our total dividend for 2024 to €435 million,' Gallego said. The announcement comes as Boeing seeks to ramp up production of its best-selling 737 MAX jet to a rate of 38 per month this year, following a turbulent 2024 that saw the plane maker come under scrutiny due to safety issues. Separately on Thursday, Commerce Secretary Howard Lutnick
Irish Independent
09-05-2025
- Business
- Irish Independent
Aer Lingus owner announces major Boeing and Airbus jet deals
The airline group, which includes British Airways and Iberia, said it will buy 32 US made Boeing 787-10 aircraft for British Airways and 21 French made Airbus SE A330neo planes for its Aer Lingus, Iberia or LEVEL brands. There's also an option to top up the deal with as many as 10 additional Boeing 787s and up to 13 additional Airbus A330neos, IAG said. The Boeing element of the deal had been flagged by the US as a win in the context of this week's UK:US trade agreement. On Friday Aer Lingus reported an operating loss of €55m for the first quarter of 2025, compared to an €82m operating loss in the same three months of 2024. The first three months are typically the weakest quarter of the year for the airline, Aer Lingus's CEO, Lynne Embleton said the performance represents a strong financial outcome and a significant improvement on Q1 2024 and flagged new aircraft entering service with the fleet. "The Q1 performance builds upon the underlying momentum seen in the business from 2024. The first two of six A321 XLR aircraft are now in service and operating on our new routes to Nashville and Indianapolis. These new aircraft and the remaining four XLRs which are expected to join the fleet later this year will support a compelling growth ambition that will benefit the airline, our customers, our employees and the economy.' IAG's first-quarter adjusted operating profit rose to €198m , beating the estimates amid lower fuel prices and higher revenue. Despite some evidence of softening traveller interest in the US market this year the company maintained its outlook, saying it is "continuing to see good demand for air travel across our core markets and for our brands." Bloomberg News reported on Thursday that Boeing was poised to win an order from IAG, in a deal tied to US President Donald Trump's new trade agreement with the UK. The Boeing portion of the accord marks a political win for Trump, whose tariff barrage has shaken global markets and tested the strong outlook for transatlantic routes that have bolstered major airlines such as BA.
