Vueling Airlines reports Oct-08 passenger traffic
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Continental Europe,
Vueling
Vueling Airlines carried 400.319 passengers during the month of October, reaching an average seat-load factor of 66.2%. During the period, Vueling continued to implement its improvement plan, which entails the cancellation of non-profitable routes and a focus on capturing higher-yielding passengers, via the expansion of business routes and also distribution through traditional travel agents.
The company experienced a significant reduction in fleet size as a consequence and, during the month, it flew six fewer aircraft than in the same period one year earlier, which subsequently translated in fewer flights - a 23.3% year-on-year reduction.
The abovementioned reduction in capacity will allow the company to very significantly reduce its cost base. Focus on revenue per flight improvement (revenue per flight being the product of multiplying average revenue per passenger across the average number of passengers carried on a flight) kept on being the company’s main commercial target: in keeping with the results achieved during the first three quarters in the year, revenue per flight was-once again-over and above the one achieved in Oct-07.
Due to the shift towards higher-yielding passengers and the operation of fewer flights during the quarter, resulting in higher income and lower costs, a significant Q4 results year-on-year improvement is expected, along the lines of the improvement achieved during Q3.
(C) Centre for Asia Pacific Aviation. Date posted: 21-Nov-08
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Vueling Airlines reports Oct-08 passenger traffic 
