By Geoff PercivalAer Lingus nearly doubled its profits to €104m in the first half of the year, new figures from parent IAG show.The airline saw 9.5% year-on-year growth in passenger numbers last month. It comfortably outperformed sister carrier British Airways which saw its profits rise 6.4% in the first half.On the back of IAG’s interim results, Aer Lingus chief executive Stephen Kavanagh said the airline is reinvesting in its business to meet its growth targets.However, he warned that to realise its ambitions “significant” infrastructure development is required at Dublin Airport.“We expect that the airport’s forthcoming capital investment programme will begin to address the infrastructure deficits at the airport,” Kavanagh said.Work on Dublin’s new runway is set to start this year and be completed by the end of 2021. The DAA has described it as the most important thing Ireland will build in a generation and warned that failure to amend night-flying and outdated noise-restriction planning conditions could result in the loss of 2.4 million passengers and the erosion of the airport’s international competitiveness.Higher ticket prices and lower costs helped IAG post a 6% rise in second-quarter operating profit, to €835m, and keep it on track for full-year growth. First-half revenue… Read full this story
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