The
company obtains a net profit of 7.7 million euros in the second
quarter of the year and carries 3.9 million passengers, 19% up on the
same period of last year.
HighlightsVueling made a net profit of 7.7 million euros in the second quarter of 2012, an improvement of 115%
on the same period of last year. The operating profit (EBIT) tripled compared with the previous year and amounted
on 12.1 million euros.
The company increased the number of passengers carried by 18.5% compared with the second quarter
of 2011. Vueling carried 3.9 million passengers between April and June and improved the load factor of its flights
to 75.5%, 2.3 pps higher than the same period of last year. The increase in connecting passengers at Barcelona
El Prat airport contributed towards this rise in traffic. Connecting passengers at Barcelona airport doubled and
reached a total of 387,000 passengers in this second quarter.
Vueling’s total revenue rose by 29.2%, up to 296.9 million euros. This rise in revenue was the result both
of the improvement in unit revenue and the greater operating capacity (+21.5% of available seat kilometres). Consequently, the revenue per available seat kilometre (ASK) rose by 5.7% on last year, up to 5.70 euro cents.
With regard to costs, Vueling cut its ex-fuel unit cost by 0.3% in the second quarter. The unit cost per
available seat kilometre (ASK) excluding fuel stood at 4.07 euro cents.
Fuel costs rose by 34.5% on last year as a result of the greater volume of activity (+21.3% of ASK) and the
greater unit fuel cost per available seat kilometre (ASK). The unit fuel cost per ASK rose by 11.8% compared with
the second quarter of 2011 as a result of the depreciation of the euro against the dollar (-11%). This increase
in the unit fuel cost led to a 3.3% rise in total unit cost per available seat kilometre (ASK).
Vueling continues to strengthen its financial structure and increased its net cash balance to 368 million
euros as of 30th June 2012, 90 million euros more than previous quarter.
