Aer Lingus 2013 Annual Report Download - page 23

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21
€ million
2013
2012
% Increase/
(decrease)
Passenger fare revenue
1,170.6
1,159.8
0.9%
Passenger numbers (‘000s) –
excluding Aer Lingus Regional
9,625
9,653
(0.3%)
ASKs (million)
18,898
18,685
1.1%
Load factor
78.4%
77.7%
0.7 pts
Fare revenue per seat (€)
90.43
88.70
2.0%
Fare revenue per ASK (€cent)
6.19
6.20
(0.2%)
Fare revenue per passenger (€)
121.62
120.15
1.2%
Mainline short haul revenue
2013 short haul capacity was 4.1% lower than 2012 as a result of fleet changes (with two A319 aircraft replacing larger capacity A320s in
both 2012 and 2013) and changes in our underlying route network which resulted in a shorter overall average sector length flown.
Mainline short haul fare revenue at €789.0 million was 3.3% lower than prior year due to:
Exceptionally good weather conditions in Northern Europe in early Q3 2013 which impacted booking patterns
A significant increase in competitive intensity in the short haul pricing environment, also during Q3 2013. This negatively affected
higher yielding in-month bookings, a pricing trend which continued into Q4 2013
Adverse movements on FX rates, specifically the EUR/GBP FX rate. On a constant currency basis, we estimate short haul revenue
would have been €8.1 million higher than that reported
These factors adversely impacted the 2013 trends in most of our mainline short haul revenue KPIs. However, effective capacity deployment
resulted in a positive performance on fare revenue per ASK (up 0.8%) and mainline short haul load factor (up 0.2 points).
€ million
2013
2012
% Increase/
(decrease)
Short haul passenger fare revenue (€’m)
789.0
816.3
(3.3%)
Short haul passenger (‘000s) –
excluding Aer Lingus Regional
8,527
8,674
(1.7%)
Load factor
75.6%
75.4%
0.2pts
Fare revenue per seat (€)
67.88
68.67
(1.2%)
Fare revenue per ASK (cent)
6.60
6.55
0.8%
Fare revenue per passenger (€)
92.53
94.11
(1.7%)
Mainline long haul revenue
The mainline long haul capacity growth in 2013 of 11.6%, was a result of the deployment of the additional A330 aircraft in summer 2013.
Market conditions were positive and we sold the extra seats very effectively resulting in a 12.2% increase in passenger numbers and a 0.6
percentage point increase in load factor to 83.1%.
Overall mainline long haul fare revenue increased 11.1%. This increase was mainly volume driven with revenue per seat decreasing 0.2% as
pricing adjusted to the extra capacity and the relatively weaker US$/EUR FX rate adversely impact long haul revenue generated in the US.
Aer Lingus generates approx 60% of total long haul bookings in the US market. On a constant currency basis, we estimate that long haul
revenue would have been €5.3 million higher than reported.
€ million
2013
2012
%Increase/
(decrease)
Long haul passenger fare revenue (€’m)
381.6
343.5
11.1%
Long haul passenger (‘000s)
1,098
979
12.2%
Load Factor
83.1%
82.5%
0.6pts
Fare revenue per seat (€)
288.65
289.12
(0.2%)
Fare revenue per ASK (cent)
5.50
5.52
(0.4%)
Fare revenue per passenger (€)
347.52
350.82
(1.0%)