Vueling has this week posted a 396 million EUR profit, with recovery post-pandemic evident.
The Spanish carrier, under the umbrella of IAG, has done incredibly well throughout Europe.
Without further ado, let’s get into it…
Strong Profits for a Vueling in Recovery…
For 2023, Vueling produced a 396m EUR profit from revenues of just shy of 3.2bn EUR.
This is a considerably increase from a 201m EUR profit from 600m in revenue, when post-pandemic recovery was still taking place.
As the carrier started to grow post-pandemic, costs increased in line with that, which is as follows:
- Fuel, oil costs & emissions charges: From 168m EUR to 907m EUR.
- Employee Costs: From 29m EUR to 399m EUR.
- Supplier Costs: From 152m EUR to 1.2bn EUR.
Furthermore, these results from Vueling shows strong health and that the actions from the last 12 months have helped.
The Airline Over The Last 12 Months…
Vueling has performed very well, and you could sense such an improvement was coming.
Dated to October 2022, this was when the Spanish carrier was exceeding pre-pandemic movement numbers.
Such growth over the last 12 months has allowed the airline’s future return back to London Heathrow.
Other routes, such as Paris Orly to Amman, amongst others, has helped the airline get back into the skies once again.
The operations out of Paris in particular have intensified significantly, with there being a clear market there.
As well as operations within Barcelona and beyond, Vueling is progressing very well at this point.
Overall…
In conclusion, Vueling will look to replicate the same successes seen in 2023 and take them into 2024.
Of course, costs have risen, which is something that the Spanish carrier under IAG will continue to look at.
All eyes will be on what other services are announced, as well as how the return to London Heathrow will look on April 7.
But for now, let’s see how Vueling performs, as we get closer week-by-week to the Summer 2024 season.
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