01 August 2012
Spanish low-cost carrier (LCC) Vueling (VY) posted a second-quarter net profit of 7.7 million ($9.5 million), more than double the 3.6 million it earned in the same quarter last year.

Revenue rose 29.2% to 297 million year-over-year, while the number of passengers flown increased 18.5% to 3.88 million. Load factor was 75.5%, up 2.3%.

VY attributed the increase in passenger numbers partly to a doubling of passengers connecting through its home base of Barcelona El Prat Airport (BCN). The Spanish market is also consolidating following the 2011 closure of BCN-based Spanair (ATW Daily

See the full article at Air Transport World