Vueling reports operating loss in 4Q2011, FY2011 operating profit down 49%

Vueling revenue up 5% - financial highlights:

• Three months ended 31-Dec-2011:
  • Total revenue: EUR176.1 million, +5% year-on-year;
    • Ancillary: EUR20.3 million, -9.9%;
  • Total costs: EUR194.4 million, +11.4%;
    • Fuel: EUR57.8 million, +28%;
  • EBIT (loss): (EUR18.4 million), compared to a loss of EUR7.5 million in p-c-p;
  • Net profit (loss): (EUR11.0 million), compared to a loss of EUR4.4 million in p-c-p;
  • Passenger numbers: 2.8 million, +11%;
  • Load factor: 76.6%, +4.9 ppts;
  • Revenue per ASK: EUR 5.62 cents, +4%;
  • Costs per ASK: EUR 6.21 cents, +10.4%;
  • Cost per ASK excl fuel: EUR 4.36 cents, +5%;
• 12 months ended 31-Dec-2011:
  • Total revenue: EUR863.5 million, +8%;
    • Ancillary: EUR97.4 million, +4.3%;
  • Total costs: EUR852.1 million, +16%;
    • Fuel: EUR253.5 million, +38%;
  • EBIT: EUR11.4 million, -48.7%;
  • Net profit: EUR10.4 million, -77.4%;
  • Passenger numbers: 12.3 million, +12%;
  • Load factor: 75.6%, +2.4 ppts;
  • Revenue per ASK: EUR 6.03 cents, +3%;
  • Cost per ASK: EUR 5.95 cents, +9.7%;
  • Cost per ASK excl fuel: EUR 4.18 cents, +3%;
  • Total assets: EUR600.4 million, +17.4%;
  • Cash and cash equivalents: ERU14.9 million, -58.4%;
  • Total liabilities: EUR358.9 million, +15.1%;
• 2012 forecast:
  • Capacity (seats): +20% to +25%;
    • Domestic: +28% to +33%;
    • International: +30% to +35%. [more - original PR]