Meridiana Fly operating loss more than doubles in 2011

Meridiana Fly revenue stable - financial highlights for 12 months ended 31-Mar-2012:

• Total revenue: EUR646.8 million, +0.2% year-on-year;
• Costs:
  • Fuel: EUR197.0 million, +24.5%;
  • Labour: EUR114.0 million, +24.1%;
• EBITDAR (loss): (EUR27.7 million), compared to a profit of EUR31.8 million in p-c-p;
• EBITDA (loss): (EUR84.9 million), compared to a loss of EUR21.6 million in p-c-p;
• EBIT (loss): (EUR103.7 million), compared to a loss of EUR41.3 million in p-c-p;
• Net profit (loss): (EUR110.7 million), compared to a loss of EUR46.4 million in p-c-p;
• Passenger numbers: 4.4 million, -1.7%;
• Fleet: 40 aircraft, +5 aircraft;
• Total assets: EUR463.6 million, +58.0%;
• Total liabilities: EUR401.7 million, +41.0%.