The Irish airline Aer Lingus has cut the pre-tax losses in a huge margin in the first six months of the year and expecting further decline in the next half of this year.

The losses fell down to 20.8 million euros from 81.7 million euros because of huge cost cutting by the airline of Ireland. The airline has also said it had seen a sharp improvement in the long haul traffic. It had also reported a double digit hike in amount of money it generated from per passenger.

According to the chief executive of Aer Lingus, Christoph Muller these figures are quite encouraging for the company and suggests sharp improvement in this type of difficult economic situation.

On the other hand, the revenues for the company has gone down by 3.1% to 538 million euros and the operating costs fell down by 14% to 557 million euros but this was quite good result than the previous one because of the lower fuel prices.

The airline suffered badly for two years because of the falling economy of Irish Republic and the increasing unemployment rate also hit the passenger numbers.