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Vueling reports operating loss in 4Q2011, FY2011 operating profit down 49%

29-Feb-2012 1:33 PM

Vueling revenue up 5% – financial highlights:

  • Three months ended 31-Dec-2011:
    • Total revenue: EUR176.1 million, +5% year-on-year;
      • Ancillary: EUR20.3 million, -9.9%;
    • Total costs: EUR194.4 million, +11.4%;
      • Fuel: EUR57.8 million, +28%;
    • EBIT (loss): (EUR18.4 million), compared to a loss of EUR7.5 million in p-c-p;
    • Net profit (loss): (EUR11.0 million), compared to a loss of EUR4.4 million in p-c-p;
    • Passenger numbers: 2.8 million, +11%;
    • Load factor: 76.6%, +4.9 ppts;
    • Revenue per ASK: EUR 5.62 cents, +4%;
    • Costs per ASK: EUR 6.21 cents, +10.4%;
    • Cost per ASK excl fuel: EUR 4.36 cents, +5%;
  • 12 months ended 31-Dec-2011:
    • Total revenue: EUR863.5 million, +8%;
      • Ancillary: EUR97.4 million, +4.3%;
    • Total costs: EUR852.1 million, +16%;
      • Fuel: EUR253.5 million, +38%;
    • EBIT: EUR11.4 million, -48.7%;
    • Net profit: EUR10.4 million, -77.4%;
    • Passenger numbers: 12.3 million, +12%;
    • Load factor: 75.6%, +2.4 ppts;
    • Revenue per ASK: EUR 6.03 cents, +3%;
    • Cost per ASK: EUR 5.95 cents, +9.7%;
    • Cost per ASK excl fuel: EUR 4.18 cents, +3%;
    • Total assets: EUR600.4 million, +17.4%;
    • Cash and cash equivalents: ERU14.9 million, -58.4%;
    • Total liabilities: EUR358.9 million, +15.1%;
  • 2012 forecast:
    • Capacity (seats): +20% to +25%;