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Vueling remains in the red in 1Q2013

10-May-2013 2:38 PM

Vueling revenue up 14% – financial highlights for three months ended 31-Mar-2013:

  • Revenue: EUR192.6 million, +14% year-on-year;
    • Ancillary and other: EUR20.7 million, +17%;
  • Total costs: EUR218.5 million, +11.9%;
    • Fuel: EUR64.0 million, +12%;
    • Fleet rentals: EUR31.8 million, +33%;
  • Operating profit (loss): (EUR25.9 million), compared to a loss of EUR26.8 million in p-c-p;
  • Net profit (loss): (EUR19.8 million), compared to a loss of EUR16.5 million in p-c-p;
  • Passenger numbers: 2.7 million, +4%;
  • Load factor: 76.8%, +0.4 ppt;
  • Revenue per ASK: EUR 5.81 cents, +2%;
  • Cost per ASK: EUR 6.59 cents, -0.2%;
  • Cost per ASK excl fuel: EUR 4.67 cents, -1%;
  • Total assets: EUR822.2 million, +20.3% when compared to period ended 31-Dec-2012;
  • Cash and cash equivalents: EUR361.4 million, +12.1% when compared to period ended 31-Dec-2012;
  • Total liabilities: EUR586.2 million, +31.4% when compared to period ended 31-Dec-2012;
  • FY2013 forecast:

Vueling: “In 2013, Vueling plans to increase its capacity in Available Seat Kilometres (ASK) by between 10% and 15%, with greater emphasis on international markets. The company plans to maintain its ex-fuel unit cost in 2013 at similar levels to those in 2012.” Source: Company statement, 09-May-2013.