Irish airline, Aer Lingus, has cut the pre-tax losses in a huge margin during the first six month of the year. The airline is expecting a further decline of the second half of 2010.
Due to major cost cutting by the company the losses fell from €81.7 million to €20.8 million. The airline has also reported a sharp improvement in long haul traffic and a double digit hike in the amount of money being spent per passenger.
Christoph Muller, the chief executive of Aer Lingus, said these figures are encouraging for the company. They suggest a sharp improvement during a very difficult economic situation in Ireland.
Revenues in the company had gone down by 3.1 percent to €538 million while the operating cost fell down by 14 percent to €557 million according to previous reports.
The decline to the Irish economy in the Republic of Ireland and the increasing unemployment in the country had greatly affected the company until now.