Vueling today (July 27) reported a 350% rise in net profits for Q2 compared with the same period last year.
Profit soared from €2.9m in 2009 to €13.5m this year.
The Spanish low cost carrier said its pre-tax earnings of €13.5m in the 12 months since its merger with clickair were four times higher than in the preceding year.
The Barcelona-based airline said last week that its passenger numbers had leapt 81% since its merger with its Spanish rival.
It was now carrying more than 10m passengers a year.
The merged airline is now the fourth largest in Spain with a significant share of several markets.
Vueling said it was now the market leader in Barcelona, where it carried 80% more than the second largest carrier at the airport, Seville and Bilbao.
It said it had captured 25% of the market in Barcelona, 35% in Seville and 23% in Bilbao.
The airline said that despite the negative affects of the volcanic ash which halted flights in Europe, it was "on target" to post an improved net profit for 2010.
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