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.

Want More News Like This?

CAPA Membership gives you access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More