Vueling doubles net profit in third quarter 2012

Vueling made an operating profit of €50.1m in the third quarter of 2012, an improvement of 22% compared to the same period of last year. The operating profit (EBIT) rose by 12% on last year to €68.2m. For the period from January to September, the net profit amounted to €41.3m, an increase of 93%. Vueling’s total revenue rose by 26.3%, up to €417.3m in the third quarter. This rise in revenue was the result both of the improvement in unit revenue and the increase in passenger traffic (+22.7%). Consequently, revenue per passenger rose by 2.7% on last year, up to €80.4.