Vueling reports EUR168m profit since Apr-2013

Vueling reported (28-Feb-2014) an operating profit of EUR168 million since its acquisition by International Airlines Group (IAG) in Apr-2013. IAG CEO Willie Walsh said: "Vueling is a great asset and provides a new cultural dimension to IAG. The airline reported an operating profit of €168 million from April 2013, when we acquired it, and expanded its network across continental Europe. To increase capacity while improving profit margins is a tremendous achievement and underlines Vueling's value to the Group." [more - original PR]