Arbois in Montagnes du Jura - het Franse Juragebergte - enkele fraaie streetviews

De provincie Gerona is de eerste Spaanse provincie bij de passage van de grens met Frankrijk. heeft een aanbod van meer dan 1.300.000 accommodaties over de hele wereld.

Rotterdamse burgemeester Aboutaleb bezoekt tentoonstelling in Osaka

Vueling turned a 27.7m euros net profit for the whole of 2009, with a 4.6% net margin - a 2.7-point increase when compared to 2008 (net profit of 8.5m euros, and a 1.9% net margin).

In the fourth quarter of the year, Vueling, for the first time, posted virtual breakeven EBIT with just a 0.5m euros loss, (excluding restructuring costs, which amounted to 16.7m euros), a 13-point improvement in margin on sales with regards to the same period one year earlier. Total revenue for the year reached 601.6m euros, and increased by 36.3% when compared to 2008. On a unit basis, revenue per ASK increased by 6.4% to 5.91 euro cents. Revenue for Q4 was 160.4m euros, a 83.8% increase on a year earlier.

Vueling operated 62,573 flights during the year, 33.6% more than it did over 2008. Not only there were more flights but these were also better filled: its annual seat load-factor increased by 3.4-points, to 73.7%.

Travel-agent sales decisively contributed to the increase in passenger numbers and gross revenue, and accounted for over 31% of Vueling’s scheduled revenue, as a consequence of Vueling’s own GDS constant rollout and of code-share agreements with Iberia.

Vueling’s overall unit cost based decreased by 12.3% to 5.21 euro cents per ASK, due to dropping oil prices and cautious fuel hedging. During the year, Vueling’s gross fuel bill was 30.6% lower in comparison to the same period last year, in spite of the company operating a larger fleet -an average of 26 aircraft vs. 21 in 2008. Ex-fuel cask increased by 3%. Cost synergies are expected to be captured still in 2010 and ex-fuel cost reduction will be a leading target for Vueling in 2010.

As a consequence of the merger with Clickair, the new Vueling became second carrier amongst Spanish-based carriers during H2, only after Iberia and the fourth one including all carriers, and, at any rate, the leading carrier in 4 of its 7 bases: Barcelona (with a 24% of market share), Seville (36%), Bilbao (18%) and Ibiza (14%). Vueling’s cash position, as of December 31st, was of 121m euros, which included proceeds from a 13m euros credit line.

Outlook for 2010
Cost synergies are forecasted to be captured in 2010 in an amount of 15.5m euros. Revenue synergies are expected to be captured in H1 2010 in an amount of 20m euros. These two items, together with recently-launched cost and revenue improvement plans (amounting to 25m+ euros) should allow Vueling to more than offset the effects of increased competition and improve net margins of 2010 in respect to 2009. No significant changes in the size of operated fleet are foreseen in 2010.