Vueling operating profit up 12% in 3Q2012

Vueling revenue up 26% - financial highlights for three months ended 30-Sep-2012:

• Revenue: EUR417.3 million, +26% year-on-year;
  • Ancillary and other: EUR46.5 million, +31%;
• Total costs: EUR349 million, +29%;
  • Fuel: EUR117.3 million, +34%;
• Operating profit: EUR68.2 million, +12%;
• Net profit: EUR50.2 million, +22%;
• Passenger numbers: 5.2 million, +23%;
• Load factor: 80.9%, +0.3 ppt;
• Revenue per ASK: EUR 6.86 cents, -4%;
• Cost per ASK: EUR 5.74 cents, -1%;
• Cost per ASK excl fuel: EUR 3.82 cents, -3%;
• Total assets: EUR805.1 million, +34% when compared to period ended 31-Dec-2011;
• Cash and cash equivalents: EUR252.2 million, +1587% when compared to period ended 31-Dec-2011;
• Total liabilities: EUR534.3 million, +49% when compared to period ended 31-Dec-2011. [more - original PR]

Vueling: "The company maintains its objective for 2012 of achieving year-on-year growth of 20% in seats and 25% in ASKs, maintaining the unit cost excluding fuel at levels similar to those of 2011. Furthermore, the company expects to obtain an operating profit in 2012 which improves on the results for 2011. For 2013, the company expects to maintain a double-digit growth in its activity, profitably. This growth in activity will be focused primarily on the European market." Source: Company statement, 07-Nov-2012.