Vueling’s 2010 expected to beat 2009 results as clickair merger shows benefits

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Vueling maintained its guidance for an improved net profit in 2010 upon the release of its financial results for the three months ended Jun-2010 (2Q2010), despite the negative effect of the volcanic ash cloud in the quarter (which resulted in 693 cancelled services affecting 86,619 passengers and resulting in a negative EBIT impact in excess of EUR1 million), an increase in fuel prices (of 52% year-on-year to USD723/metric ton), the US Dollar appreciation against the Euro (strength of Euro down 6%), and economic weakness in Greece, Portugal and Spain.

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