Vueling revenue up 7% for three months ended Sep-2010

Vueling revenue up 7% - financial highlights for the three months ended 30-Sep-2010:

• Revenue: EUR276.6 million, +7% year-on-year;
  • Ancillary: EUR30.8 million, +7%;
• Total costs: EUR217.2 million. +14%;
  • Fuel: EUR58.1 million, +38%;
  • Handling: EUR34.7 million, +8%;
• EBIT: EUR59.4 million, -13%;
• Net profit: EUR43.3 million, -2%;
• Passenger numbers: 3.5 million, +5%;
• Load factor: 77%, -3 ppts;
• Sector length: 912 km, +4%;
• Revenue per ASK: EUR 6.68 cents, -4%;
• Revenue per passenger: EUR79.2, +1%;
• Cost per ASK: EUR 5.25 cents, +2%;
• Cost per ASK excl fuel: EUR 3.85 cents, -4%;
• Debt: EUR24.2 million, +94%;
• Total cash: EUR258.7 million, +74%;
• FY2010 forecast:
  • EBIT: EUR60 million to EUR70 million;
  • Cost per ASK excl fuel: EUR 4.0 cents, -4.3%. [more]

Vueling: "We expect an increase of competition in the short term. The fuel cost will increase approximately by 10%," Company statement. Source: Vueling, 27-Oct-2010.