Vueling in the black in 2Q but earnings down on fuel price spike
Vueling, Spain’s third-largest carrier by seats, reported net income of EUR3.6 million in the quarter ended 30-Jun, a sharp year-on-year fall as costs of expansion and more prominently, the cost of fuel, ate into earnings. The 2Q result was not enough to push Vueling into profitability for the first half, with the LCC reporting a net loss of EUR19.6 million for the six-month period.
Become a CAPA Member to access Analysis Reports
Our Analysis Reports are only available to CAPA Members. CAPA Membership provides exclusive access to in-depth insights on the latest developments in the aviation and travel industry, developed by our team of dedicated analysts located in Europe, North America, Asia and Australia.
Each report offers a fresh perspective on the latest industry trends and is available online or via the CAPA mobile app, with customisable alerts to help you stay informed and identify new business opportunities.
CAPA Membership also provides access to our full suite of tools, including a tailored selection of more than 400 News Briefs every weekday and comprehensive data and analysis on thousands of companies around the world.