Loading
29-Feb-2012 1:33 PM

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%;

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