10-May-2013 2:38 PM
Vueling remains in the red in 1Q2013
Vueling revenue up 14% - financial highlights for three months ended 31-Mar-2013:
- Revenue: EUR192.6 million, +14% year-on-year;
- Ancillary and other: EUR20.7 million, +17%;
- Total costs: EUR218.5 million, +11.9%;
- Fuel: EUR64.0 million, +12%;
- Fleet rentals: EUR31.8 million, +33%;
- Operating profit (loss): (EUR25.9 million), compared to a loss of EUR26.8 million in p-c-p;
- Net profit (loss): (EUR19.8 million), compared to a loss of EUR16.5 million in p-c-p;
- Passenger numbers: 2.7 million, +4%;
- Load factor: 76.8%, +0.4 ppt;
- Revenue per ASK: EUR 5.81 cents, +2%;
- Cost per ASK: EUR 6.59 cents, -0.2%;
- Cost per ASK excl fuel: EUR 4.67 cents, -1%;
- Total assets: EUR822.2 million, +20.3% when compared to period ended 31-Dec-2012;
- Cash and cash equivalents: EUR361.4 million, +12.1% when compared to period ended 31-Dec-2012;
- Total liabilities: EUR586.2 million, +31.4% when compared to period ended 31-Dec-2012;
- FY2013 forecast:
- Capacity: +10% to +15%. [more - original PR]
Vueling: "In 2013, Vueling plans to increase its capacity in Available Seat Kilometres (ASK) by between 10% and 15%, with greater emphasis on international markets. The company plans to maintain its ex-fuel unit cost in 2013 at similar levels to those in 2012." Source: Company statement, 09-May-2013.