15-Nov-2011 1:28 PM

Vueling EBIT up 2% in 3Q2011, expects positive full year

Vueling revenue up 20% - financial highlights for three months ended 30-Sep-2011:

  • Revenue: EUR330.5 million, +19.5% year-on-year;
    • Ancillary: EUR35.4 million, +15.2%;
  • Total costs: EUR269.7 million, +24.2%;
    • Fuel: EUR87.5 million, +51%;
  • EBIT: EUR60.8 million, +2%;
  • Net profit: EUR41.0 million, -5%;
  • Passenger numbers: 4.2 million, +20.8%;
  • Load factor: 80.6%, +3.1 ppts;
  • Revenue per ASK: EUR 7.12 cents, +6.5%;
  • Cost per ASK: EUR 5.81 cents, +10.7%;
  • Cost per ASK excl fuel: EUR 3.92 cents, +2.1%;
  • Total assets: EUR638.1 million, +24.8% when compared to period ended 31-Dec-2010;
  • Cash and cash equivalents: EUR28.8 million, -20.0% when compared to period ended 31-Dec-2010;
  • Total liabilities: EUR405.7 million, +30.1% when compared to period ended 31-Dec-2010. [more – original PR]

Vueling: “As it relates to the full year 2011 outlook, the company expects to achieve an activity increase of 10% in the number passengers and a 6% increase in available seat kilometres (ASK) compared to the previous year. As far as other operating indicators, the company expects to maintain similar unit revenues (RASK) and ex-fuel unit costs (CASK ex-fuel) on a comparable stage length basis. Accordingly, despite high fuel prices and a difficult macroeconomic and operating environment, Vueling expects to obtain a positive result for FY2011.” Company statement. Source: Vueling, 14-Nov-2011.