Vueling Turns Record Third-Quarter 68.1 Million Euros Operating Profit

Vueling turned a 68.1 million euros operating profit during the third quarter of the year, with a 26.3 percent operating margin - a 10.2-point increase when compared to the same period one year earlier (operating profit of 24.7 million euros, and a 16.1 percent margin). In the 9 months to September 30th, Vueling made a 71.9m. euros operating profit, a 16.3 percent margin, with a 21.6-point increase on a year earlier.

Total revenue reached 259.2 million euros during the quarter, and increased by 68.6 percent when compared to the same period on a year earlier. On a unit basis, revenue per ASK decrease by just 1.3 percent, mainly as a consequence of a lift in fuel surcharges. Gross revenue for the nine months to September was of 441 million euros.

Vueling operated 23,630 flights during the quarter, 79.7 percent more than in the same period on a year earlier. Not only there were more flights, but these were also better filled: its quarterly seat load-factor increased by 2.1 points, to 80 percent.

Travel-agent sales decisively contributed to the increase in passenger numbers and gross revenue, and accounted for one-third of Vueling’s scheduled revenue, as a consequence of Vueling’s own GDS constant rollout and of code-share agreements with Iberia.