5-May-2011 12:48 PM

Vueling revenue down 10%, operating loss widens in 1Q2011

Vueling revenue down 10% - financial highlights for the three months ended 31-Mar-2011:

  • Revenue: EUR127.2 million, -10% year-on-year;
  • Costs: EUR162.0 million, +4.9%;
    • Fuel: EUR41.3 million, +20%;
  • Operating profit (loss): (EUR35.2 million), compared with a loss of EUR13.0 million in p-c-p;
  • Passenger numbers: 2.1 million, -7.0%;
  • Load factor: 69.1%, -1.0 ppt;
  • Revenue per ASK: EUR 4.79 cents, -4.6%;
  • Cost per ASK: EUR 6.12 cents, +11.6%;
  • Cost per ASK excl fuel: EUR4.56 cents, +6.8%. [more]

Vueling is maintaining its target of 15% growth in 2011, transporting 810,000 additional passengers ad opening seven new routes. The LCC is also targetting to keep its cost per ASK excluding fuel at 2010 levels by continuing with its cost reduction programme.

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