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Vueling net profit up 66% following clickair merger


Vueling Airlines posted a net profit of EUR46 million in 2010, a 66% year-on-year increase following the carrier’s merger with Clickair in Jul-2009. The improved full-year result comes despite a EUR5.2 million impact from disruptions, such as the volcanic ash crisis, adverse weather in central Europe and air traffic controller strikes, which impacted the carrier’s business in 2010. On a pro forma basis, net profit increased 89%. [1234 words]

Unlock the following content in this report:


  • Revenue up 32% but expenses increase 39% on fuel costs
  • Pax up 35% to 11 million. 41% of these business passengers
  • Average fare declines
  • Vueling facing a tougher competitive environment
  • Net loss reduced by 66% in 4Q2010
  • Six A320s to be added fleet in 2011
  • ‘Tougher competitive environment’ expected in 2011
  • APPENDIX: Vueling financial results

Graphs and data:

  • EBIT development: 2009 to 2010
  • Vueling pax numbers and PLF: 2007 to 2010
  • Vuelign CASK ex fuel: 1Q2010 to 4Q2010
  • Vueling competitive environment: 2009 vs 2010
  • Vueling market position at its main Spanish bases
  • Vueling revenue: 1Q2009 to 4Q2010
  • Vueling RASK and RASK growth: 1Q2009 to 4Q2010
  • Vueling fleet progression: 2009 to 2010
  • Vueling financial highlights for 12 months ended 30-Dec-2010
  • Vueling financial highlights for three months ended 30-Dec-2010
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