Vueling more than doubles quarterly profit

Spanish low-cost carrier’s net profit reaches €7.7 million

The Spanish low-cost carrier Vueling has posted a net profit of €7.7 million for the second quarter – more than double the €3.6 million it earned for the same quarter last year. Revenue increased by almost 30% from Q2 2011 to €297 million, and the number of passengers was up by 18.5% to 3.88 million. Load factor was 75.5%, up 2.3%.
Despite Spain’s depressed economy, Vueling has benefited from the consolidation taking place in the Spanish market following the bankruptcy of Barcelona-based Spanair last year. It has a base at Barcelona El Prat Airport. However, the airline’s fuel costs increased 34.5% year-on-year.


Check Also

Niki, Austria, Lufthansa, IAG, buy, airline, Lauda, deal, bid

IAG buys Niki: what to watch for

Are IAG and Vueling the deal’s only winners?

Ryanair, compensation, flights, cancel, list, cancellations, October, September, pilots, leave, O'leary, apology, letter

Ryanair pilots to strike before Christmas

Irish pilots join colleagues in Germany and Italy, and more may too

BA, M&S, food, sandwich, British Airways, Marks & Spencer, economy, pay, price, snack, Aberdeen Angus, beef, short-haul

BA ends free short-haul food

Economy passengers to pay for Marks & Spencer snacks

oneworld, alliances, WTM, Tim Clark, debate, Willle Walsh, Emirates, low-cost long-haul, future

Low-cost long-haul to replace alliances?

IAG and Emirates chief executives mention Norwegian

airlines, Qantas, Air New Zealand, Australia, low-cost, Jetstar, profit, revenue, passengers, half, capacity

Safest – and least safe – airlines named

SAS, Finnair and Lufthansa among the world’s safest

IAG, Walsh, British Airways, Iberia, profit, A321, narrobody, single-aisle, Aer Lingus, Norwegian, fleet, long-haul, low-cost

IAG to do battle with Norwegian

Airline group to join long-haul narrowbody craze