24-Feb-2010 1:23 PM
Vueling profitable in 2009 following clickair merger; Nok Air expects USD9 million profit in 2010
Analysis
Spanish LCC Vueling reported a EUR27.7 million profit in 2009 (+225% year-on-year), for a net profit margin of 4.6%, (+2.7 ppts), as revenues increased 36% (to EUR602 million), reflecting the integration of Vueling and clickair on 01-Jul-2009. Vueling's shares were down 5.7% yesterday, with investors clearly hoping for more from the final quarter.
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