Posted on: 27 October 2010 by Ross McSweeny
Vueling has announced its results for the third quarter of 2010 during which it achieved a net profit of €43 million.
Vueling has been able to improve its total income per passenger during the third quarter of 2010 by 1% from the same period in 2009 – from €78.24 in 2009 to €79.15 in 2010. Total revenue increased by 7% from €259.2 million in 3Q09 to €276.6 million in 3Q10.
Travel agent sales grew from 27% in 3Q09 to 29% on total sales in 3Q10 (€63.5 million versus €72.1 million respectively).
The EBIT margin on total revenue decreased from 26% to 21% in 3Q10 compared to the same period in 2009.
The ex-fuel CASK adjusted for dollar exchange rate, was 6% lower than the same period of the previous year (from 4.01 eurocents in 2009 to 3.76 eurocents in 2010). Total CASK adjusted for dollar exchange rate is consistent with the same period of the previous year figure (5.14 eurocents in 3Q09 to 5.17 eurocents in 3Q10), in spite of the strong rise in fuel price.