Vueling improves first quarter results by 29%

Vueling made a net loss of €16.5m in the first quarter of 2012, an improvement of 28.7% compared with the same period of last year. The operating result (EBIT) was €-26.8m, a 23.9% improvement on last year. The company increased the number of passengers carried by 24.1% compared with the first quarter of 2011. Vueling‘s total revenues rose 32.5%, up to €168.5m. This rise in revenues was due to the improvement in unit revenues together with a greater capacity operated compared with last year (+10.6% of ASK). Consequently, the revenue per available seat kilometre (ASK) rose 18.8% compared with last year, up to 5.70 euro cents.