Aer Lingus 2014 Annual Report Download - page 3

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1
Financial Highlights
For the year ended 31 December 2014
Results
2014
2013
Change 1
Revenue
€m
1,556.9
1,425.1
9.2%
EBITDAR (2)
€m
227.6
189.2
20.3%
Operating profit before net exceptional items (2)
€m
72.0
61.1
17.8%
Net exceptional items
€m
(180.3)
(17.4)
n/m(3)
Operating (loss)/ profit after net exceptional items (2)
€m
(108.4)
43.8
(347.5%)
Net finance expense
€m
(3.8)
(4.2)
9.5%
Share of profit/(loss) in joint venture
€m
0.6
-
n/m(3)
Income tax credit/ (charge)
€m
15.7
(5.5)
385.3%
(Loss)/ profit for the year
€m
(95.8)
34.1
(381.0%)
Total equity
€m
660.6
852.8
(22.5%)
(Loss)/ profit per share
€cent
(18.0)
6.4
(381.0%)
Gross cash (2) (5)
€m
935.5
897.4
4.2%
Gross debt (2)
€m
390.2
477.6
18.3%
Net cash (2)
€m
545.3
419.8
29.9%
Key financial statistics
Average fare revenue per seat
€
98.93
90.43
9.4%
Average fare revenue per passenger
€
131.17
121.62
7.9%
Passenger fare revenue per ASK
€cent/
ASK
6.29
6.19
1.6%
EBITDAR margin
%
14.6%
13.3%
1.3
ppts
%
4.6%
4.3%
0.3
ppts
%
9.1%
6.7%
2.4
ppts
Key operating statistics (4)
Passengers carried
'000's
9,766
9,625
1.5%
Revenue Passenger Kilometres (RPK)
m
16,088
14,807
8.7%
Available Seat Kilometres (ASK)
m
20,373
18,898
7.8%
Passenger load factor
%
79.0%
78.4%
0.6
ppts
The trading results set out above and within certain tables in this document are presented in euro rounded to the nearest thousand;
therefore discrepancies in the tables between totals and the sum of the amounts listed may occur due to such rounding.
1 Sign convention: favourable / (adverse)
2 These metrics are defined in the explanation on the use of non-IFRS measures later in this document
3 Not meaningful
4 Key operating statistics relate to mainline operations and exclude Aer Lingus Regional and contract flying activities
5 Gross cash includes restricted cash of €211.7 million, of which €190.7 million relates to the once-off pension solution placed
in escrow as at 31 December 2014 and which will be released over time on the receipt of correctly executed waivers by current
and former employees