Losses before exceptional items of €95m in the first half of the year were offset by €139 million operating profit before exceptional items in quarter three and followed by €1m operating profit before exceptional items in quarter four.

The airline said leisure travel has been key to its recovery, particularly in the peak holiday periods, with business travel also recovering but at a slower pace.

“While we are mindful that business travel recovery lags that of leisure, and that global macro-economic uncertainties causing higher oil prices, exchange rate fluctuations, rising interest rates and inflation could impact aviation this year, there is much for Aer Lingus to build on in 2023,” the company said in a statement.

2023 will see Aer Lingus operating its largest ever North America network, putting additional capacity on its European leisure routes and adding three new summer routes to Kos (Greece), Sardinia (Italy) and Brindisi (Italy).