Sponsor Message:
Civil Aviation Forum
My Starred Topics | Profile | New Topic | Forum Index | Help | Search 
Vueling's Losses Worsen In 1Q 2011  
User currently offlinePe@rson From United Kingdom, joined Jan 2001, 19259 posts, RR: 52
Posted (3 years 7 months 2 weeks 5 days 9 hours ago) and read 1603 times:

Vueling reported a worsened operating loss in the three months ended 31-Mar-2011 to EUR35.2 million, as revenues declined by 10% to EUR127 million and costs increased 5% to EUR162 million, driven by rising fuel expenses. Vueling is however aiming to keep its cost per ASK excluding fuel at 2010 levels in 2011 by continuing with its cost reduction programme. The carrier also expects to handle 12.7 million passengers in the full year despite unplanned capacity reductions related to the high fuel costs 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;
EBIT: EUR33 million, compared to a loss of EUR13 million in 2010;
Passenger numbers: 2.1 million, -7.0%;
Load factor: 69.1%, -1.0 ppt;
Revenue per ASK: EUR 4.79 cents, -4.6%;
Ancillary revenue per passenger: EUR8, +2.5%;
Cost per ASK: EUR 6.12 cents, +11.6%;
Cost per ASK excl fuel: EUR4.56 cents, +6.8%;
Capacity (ASKs): 2,652 million, -6%.

Per: http://www.centreforaviation.com/new...ings-losses-worsen-in-1q2011/page1


"Everyone writing for the Telegraph knows that the way to grab eyeballs is with Ryanair and/or sex."
2 replies: All unread, jump to last
 
User currently offlineclydenairways From Ireland, joined Jan 2007, 1294 posts, RR: 0
Reply 1, posted (3 years 7 months 2 weeks 5 days 8 hours ago) and read 1499 times:

Aren't Iberia transferring a whole load of routes over to them?

User currently offlineBirdwatching From Germany, joined Sep 2003, 3836 posts, RR: 51
Reply 2, posted (3 years 7 months 2 weeks 5 days 7 hours ago) and read 1415 times:

Maybe this is because every Spanish domestic flight seems to be around 30 to 40 EUR, with tons of airlines fighting for the passengers. Not the best situation for airlines to make profits.

Soren   



All the things you probably hate about travelling are warm reminders that I'm home
Top Of Page
Forum Index

This topic is archived and can not be replied to any more.

Printer friendly format

Similar topics:More similar topics...
Arkefly To Launch AMS-SFB-MIA-AMS In June 2011 posted Wed Oct 6 2010 14:16:41 by MAH4546
Alitalia Resumes FCO-GIG In June 2011 posted Fri Sep 24 2010 01:58:13 by C010T3
AF To Lima And Orlando In June 2011 posted Tue Sep 21 2010 06:36:26 by mattteo
US Airways; CLT To DUB And MAD In May 2011 posted Sun Sep 19 2010 17:40:30 by hummingbird
Transaero To Launch DME-GIG In January 2011 posted Fri Sep 17 2010 10:59:57 by C010T3
WSJ: VX To ORD In April 2011 posted Sat Sep 11 2010 05:53:59 by bt824
UA To MAN In Summer 2011? posted Fri Aug 6 2010 19:33:12 by GlobalCabotage
Brazilian Airports - 4.2% Growing In 1Q 2008 posted Wed Apr 23 2008 09:03:44 by LipeGIG
Which US Airlines Made Profit In 1Q? posted Fri Jun 15 2007 17:24:38 by Tonytifao
NW Loses $1.1 Billion In 1Q...how Much Longer? posted Sat Jul 8 2006 03:19:19 by OOer