Vueling strengthens cash position in 2012

London
Source: Flightglobal.com
This story is sourced from Flightglobal.com

Vueling reported a €307.4 million ($400 million) cash increase in its cash flow statement for the financial year ended 31 December, 2012.

Cash flows from operating activities reached €107.1 million after the budget carrier reported a €28.3 million net profit. In 2011, cash flows from operating activities totalled €58.2 million.

In 2012 Vueling reported €201.4 million in cash flow from investing activities. That figured increased to €213.2 million including proceeds from disposals.

The carrier used cash flow totalling €2.3 million in financing activities, down from €21.6 million the previous year.

Vueling had cash and cash equivalents of €322.4 million at year-end 2012, compared with €14.9 million in the year-earlier period. Short term financial investments fell to €41 million compared with €290.9 million in 2011.