Iberia swops with Vueling

Vueling has taken over the Madrid (MAD) to Warsaw (WAW) route from Iberia, which holds a 46% shareholding in the low-cost carrier.  Flights now operate four times weekly with the airline’s 180-seat Airbus A320s, competing with LOT Polish Airlines’ five weekly flights.  During the summer season, the route is also operated by Wizz Air.

The Warsaw announcement was made at the same time as the airline announced its 2010 results.  Vueling carried 11,036,183 passengers in 2010 an increase of 35% on that of the previous year.  Now Spain’s second largest airline Vueling increased its revenue by 32% posting a profit of €46m, an increase of two-thirds over the previous year’s €27.78m.  However the results for the last quarter have been affected by the sharp rise in the price of fuel.  These have increased by 45%, whereas the remaining costs have dropped by -0.3%.

Vueling continues as the lead carrier at Barcelona’s El Prat Airport with a 26% share of passenger throughput.  It is also number one at Bilbao, Seville and Ibiza. www.vueling.com

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