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Vueling's operating loss deepens in 1H08


Vueling reported a deeper EBIT operating loss of EUR44 million in 1H08, as cost reductions failed to offset rising fuel expenditure. The carrier reported a net loss of EUR230,000 in the period, due to tax credits of EUR44.6 million. [598 words]

Unlock the following content in this report:


  • Finally on the way back up? Stronger second quarter
  • Outlook: Expects significantly improved results in FY08
  • Further fleet and capacity reductions planned
  • Longer-term outlook brightens with proposed Vueling-clicker merger
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