Vueling, the new-generation airline, carried a total of 621,729 passengers during the month of July. Vueling continues its strategy of cancelling non-profitable routes and adjusting the fleet size accordingly, in order to reduce costs. Such strategy is turning a positive result and revenue per flight levels are significantly superior to last year’s.

Vueling reached a 77.3% average seat load factor, a 6.5-point decrease as compared to July 2007. As in the previous months since the start of the year, Vueling has managed—during July—to compensate for the load-factor reduction with an increase in revenues per passenger, which has translated in better revenue per flight levels, the company’s main target.

During July 2008, Vueling operated 19 aircraft, two aircraft fewer than the same month last year. The fleet-reduction program is being executed according to plan and it is expected that such reduction will keep on contributing decisively to the improvement in results during the next months.

Vueling’s CEO increases his shareholding in the company in 24,300 more shares

Vueling Airlines has been advised of the purchase, by its Chief Executive Officer, Mr Lars Nygaard, of 24,300 Vueling shares at an average price of €4.97 per share.

With this acquisition, Mr Nygaard has made a total investment of €120,734. Mr Nygaard had already purchased stock in January, March, May, June and July which has entailed a total investment of €1,568,695 — including the latest operations.
Mr Nygaard’s stake stands at 218.275 shares, which represents 1.46% of Vueling’s capital.