In an interview to German daily Boersen-Zeitung, Chief Executive of Irish carrier Aer Lingus said the airliner is looking for a marketing alliance to share route-codes in the booming Asia-Pacific region.
“In the United States the shake-out is more or less complete in my view … Latin America and Asia are clearly more exciting”, said Christoph Mueller to the newspaper in an interview to be published today.
Aer Lingus already has a code sharing arrangement – a facility where in airlines tie up with other carriers to increase their reach, with KLM, United and British Airways.
Mueller said that the recent fuel price hike will not affect the company’s profitability as it hedges its exposure by entering into futures and forwards contracts two years in advance. He said however, there is scope for further cost reduction in oil purchasing and IT processes.
The carrier hopes to at least break-even at operating level after making losses in 2008 and 2009. Since then it has cut unprofitable US routes, reduced fuel costs and slashed its workforce.
Mueller said that air-traffic will recover very slowly after the slump witnessed during the financial crisis although there may be some growth in the Irish market in 2012.