Vueling aims for improved full-year net profit

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Spanish low-cost carrier Vueling has posted a second quarter net profit of €13.5 million ($17.5 million) for its combined operation with Clickair, versus the €2.99 million standalone profit recorded in the same quarter last year.

Net profit for the first half of 2010 increased to €7.1 million from the €5 million net loss incurred a year earlier when results for Vueling and Clickair were reported separately. The two carriers merged last year.

The combined carrier's revenue for the first six months of 2010 rose to €352.9 million from €179.5 million, while costs increased to €247.6 million from €111.9 million.

Vueling is maintaining its guidance for an improved full-year net profit, which it says it can achieve as a result of its cost reduction programme and synergies produced by the merger.