Vueling in the black in 2Q but earnings down on fuel price spike
Vueling, Spain’s third-largest carrier by seats, reported net income of EUR3.6 million in the quarter ended 30-Jun, a sharp year-on-year fall as costs of expansion and more prominently, the cost of fuel, ate into earnings. The 2Q result was not enough to push Vueling into profitability for the first half, with the LCC reporting a net loss of EUR19.6 million for the six-month period.
