Vueling

Vueling Airlines, S.A. (styled as Vueling, Catalan: [ˈbwɛliŋ]; BMAD: VLG)

Vueling
is a Spanish low-cost airline based at El Prat de Llobregat in Greater
Barcelona with hubs in Barcelona–El Prat Airport and Leonardo da Vinci–
Fiumicino Airport in Rome, Italy. Its name comes from the Spanish word
vuelo, which means flight. It is the second largest airline in Spain after
Iberia. There are thirteen additional bases at A Coruña, Alicante,
Amsterdam, Bilbao, Florence, Madrid, Málaga, Palma de Mallorca, Paris-
Orly, Santiago de Compostela, Seville and Valencia. A fifteenth summer IATA ICAO Callsign
VY VLG VUELING
seasonal base is located atIbiza.
Founded 2004
Vueling serves over 100 destinations in Africa, Asia and Europe and is the
Operating List of bases
largest airline in Spain. In 2015, the airline carried more than 24 million
bases
passengers, with a load factor of 81%.
Hubs
Barcelona-El Prat
Rome-Fiumicino

Contents Frequent- Punto

flyer program Iberia Plus
History
Early years Fleet size 107
Financial concerns and management re-shuf
fle Destinations 163[1]
Vueling and Clickair merger
Company Love The Way You Fly
Co-operation with MTV
slogan
Recent developments
Corporate affairs
Parent IAG (97.52%) [2]
Business trends company
Executives Headquarters El Prat de Llobregat,
Takeover by IAG Barcelona, Catalonia,
Frequent flyer programmes Spain
Destinations Key people Javier Sánchez-Prieto
Codeshare agreements
(CEO)
Fleet
Revenue €1,932.8 million (2015)[3]
References
Operating €138.1 million (2015)
External links
income
Net income €95.3 million (2015)[1]

History Total assets €688.7 million (2015)[1]

Total equity €237.2 million (2012)[3]
Website www.vueling.com
Early years
Vueling was established in February 2004 and commenced operations on 1 July 2004 with a flight between Barcelona and Ibiza. The
initial fleet consisted of two Airbus A320 aircraft, based in Barcelona serving Brussels, Ibiza, Palma de Mallorca and Paris-Charles
de Gaulle.[4] The name Vueling was formed by combining theSpanish word vuelo (flight) with the English gerund suffix -ing.[5]
Initially, major shareholders of Vueling Airlines were Apax Partners (40%), Inversiones Hemisferio (Grupo Planeta) (30%), Vueling's
management team (23%) and V.A. Investor (JetBlue Airways) (7%). During its nascent stages, the company's general manager was
Lázaro Ros, while Carlos Muñoz was CEO. In November 2007, Vueling appointed managing director of Spanair Lars Nygaard as
CEO to replace Carlos Muñoz, who remained a member of the Board of Directors.

Madrid was added as the airline's second base in 2005, followed by its first base outside Spain at Paris Charles de Gaulle in 2007.
Seville followed in December 2009.

Financial concerns and management re-shuffle

2007 was a difficult year for Vueling; Apax Partners sold its then-21% stake in the carrier in June of that year, followed by two profit
warnings issued in August and October. Two company directors and the chairman resigned shortly before the second profit warning,
citing differences over commercial strategy.[6] Shares in the company were also temporarily suspended.[7] This led to Barbara
Cassani, former Chief Executive of UK low-cost airline Go, joining Vueling as chairman of the board in September 2007. The airline
[8]
then embarked on a restructuring exercise and posted its first profit in mid-2009.

Vueling and Clickair merger

In June 2008, Vueling and rival Spanish low cost airline Clickair announced their intention to merge. The merger was designed to
create a carrier better able to compete in the competitive Spanish airline market and mitigate high fuel costs with Iberia as the main
industrial partner. While the new company would trade under the Vueling name, Clickair's Alex Cruz was named as chief
executive.[9][10] The deal was subject to scrutiny and approval by European competition regulators, who were concerned that the
merged airline would have a significant competitive advantage on around 19 routes. The regulators demanded the release of slots at
Barcelona and other European airports as a condition of the merger.[11] On 15 July 2009 the merger of Vueling and Clickair was
completed.[10] The new merged airline operates under the Vueling brand, with Clickair flights and aircraft re-branded under the
[12] to almost 50 destinations.
Vueling name. It became the second largest Spanish carrier flying 8.2 million passengers in 2009,

Co-operation with MTV

In 2009, Vueling for the second year running co-operated with MTV during the
summer season.[13] Two of Vueling's A320 aircraft (EC-KDG[14] and EC-KDH[15] )
were re-painted into MTV liveries with some MTV styling on-board too. The
designs of both liveries were created by Custo Dalmau and both liveries were
removed at the end of 2009.[16] In the summer season of 2010, EC-KDG[15] had
again been re-painted into an MTV livery, and in 2011 it was re-painted into a livery
based on the DJ and producer David Guetta; the livery has since been removed and
co-operation with MTV has since ended.
MTV Livery Airbus A320-214 at
Paris-Charles de Gaulle, France
(2008)
Recent developments
In November 2010, Vueling announced a new base at Toulouse Airport in France
from April 2011,[17] followed in December 2010 by the announcement of a new base in Amsterdam, also to open during April 2011.
The Toulouse base opened on 23 April 2011, but has since closed.[18]

In January 2011, further expansion was announced with Vueling adding a further nine aircraft to its fleet, including Airbus A319
aircraft. Six Airbus A320s were delivered between April and June 2011, whilst the remaining two A320s were delivered by the end
of 2011.[19]

On 21 March 2012, it was announced by CEO Alex Cruz that Rome would be added as a new base. The base launched on 25 March
2012 with one aircraft based there, the airline has since expanded at Rome with numerous new destinations.[20] On 5 December
2012, Vueling announced the opening of a new base of operations in Florence, the carrier is to base one aircraft there and serve four
new European destinations.[21] Ten months later, on 25 October 2013, Vueling launched Florence-Catania, its first domestic route in
Italy.

Since November 2013, the airline has continued to expand from its hub at Barcelona.[22] On 6 November 2013, Vueling announced a
new base with one aircraft in Brussels, with seven new destinations from May 2014, in addition to the four previous routes from
Brussels. Also in November 2013, Vueling announced an expansion of its base at Rome-Fiumicino. From mid-2014, 8 aircraft would
be based there, operating more than 30 routes. This expansion meant Rome-Fiumcino would become Vueling's second hub, after
Barcelona.

During the first weekend of July 2016, Vueling had many delays and cancellations, which resulted in an investigation of the Spanish
authorities.[23] During the same month, Vueling cancelled all the flights to Sheremetyevo International Airport, Vilnius Airport and
Rabat–Salé Airport. Clients are able to get a refund or fly to the nearest airport where uVeling flies.[24] In October 2016, Vueling shut
[25]
down their bases in Brussels, Catania and Palermo as part of restructuring measures.

In March 2017, Vueling has cancelled its route from Barcelona to Frankfurt Airport.[26]

Niki as a subsidiary for Vueling.[27]

On 29 December 2017, it was announced that IAG would acquire Austrian airline

Corporate affairs

Business trends
The key trends for Vueling over recent years are shown below (as at year ending 31 December):

2008 2009 2010 2011 2012 2013 2014 2015 2016

Turnover (€m) 437 598 790 856 1,103 1,404 1,697 1,933 2,027
Net Profit before tax (€m) −38.6 40.2 65.7 14.9 40.1 132.6 143.5 130.4 62.8
Net Profit (€m) 8.5 27.8 46.0 10.4 28.3 93.4 98.3 95.3 48.9
Number of employees (at year end) 1,013 1,195 1,266 1,389 1,774 1,937 2,390 2,637 3,030
Number of passengers (m) 5.9 8.2 11.0 12.3 14.8 17.2 21.5 24.8 27.8
Passenger load factor (%) 70.3 73.7 73.2 75.6 77.7 79.6 79.6 81.3 82.4
Number of aircraft (average) 21 26 36 44 53 64 80 96 106

Notes/sources [28] [29] [30] [31] [32] [33] [34] [35] [36]

Executives
Chief Executive: Javier Sánchez-Prieto[37]
Director Corporate: Sonia Jerez Burdeus[37]
Director Marketing: Lluis Pons Argimon[37]
[37]
Director Route & Revenue: Silvia Mosquera Gonzalez
Director Sales: Juan Carlos Iglesias Garcia[37]

Takeover by IAG
In November 2012, International Airlines Group, whose subsidiary Iberia held a 45.85% stake in Vueling, offered to buy the
remaining 54.15% of the company with both Iberia and IAG owning both shares and not resulting in the company being wholly
owned by IAG through 100% of shares. IAG, also the owner of British Airways, plans to use Vueling to help stem losses at Iberia.
However, market trends (increased profits and improved figures from Vueling resulting in a higher share-price) had made IAG's offer
a significant undervaluation of the airline. Vueling had urged its shareholders to
reject IAG's offer and its shareholders had until the 8th of April 2013 to decide upon
the recommendation.[38]

On 27 March 2013, IAG improved its offer for Vueling, raising its offer per share
from €7 to €9.25. Vueling shares quickly surged after the announcement by 8.8% to
€9.23 following a temporary suspension as BMAD waited on an official comment
from Vueling regarding the updated offer. The acceptance period was also increased Vueling's head office in El Prat de
by 48 calendar days.[39] Llobregat, Spain

On 9 April 2013, the board of Vueling unanimously recommended shareholders

accept an improved offer of €9.25 per share from IAG. IAG CEO Willie Walsh confirmed that the board had recommended the new
offer; however, Walsh also stated that Vueling would not be merged with Iberia, saying, "Vueling will operate as a stand-alone entity
in IAG group."[40]

On 23 April 2013, IAG acquired control of Vueling which saw the recently purchased 44.66% stake by IAG merged with Iberia's
existing 45.85% stake to form a 90.51% shareholding. Vueling remains a standalone company now within the IAG and its
illie Walsh.[41]
management structure is unchanged; however,Vueling's CEO Alex Cruz reports directly to IAG CEO W

Frequent flyer programmes

Vueling offers two frequent flyer programmes. Punto (Spanish for point) allows you to collect points and then exchange them for
flights to any Vueling destination. Iberia Plus can be used to get flights or be cashed in for other Iberia services or those of the other
companies linked to the Iberia Plus programme.[42] In August 2017 Vueling Announced that they would soon be closing the Punto
Programme to be replaced by a new loyalty programme called Vueling Club. Vueling Club will use the same Avios currency as the
other IAG Airlines. [43]

Destinations

Codeshare agreements
Vueling has codeshare agreements with the following airlines:[44]

British Airways
Cathay Pacific
Iberia
Qatar Airways
Vueling Airbus A320-200

Fleet
As of August 2017, the Vueling fleet consists of the following aircraft:[45]

Vueling fleet
In
Aircraft Orders Passengers Notes
Service
Airbus
5 — 144
A319-100
Most recent Vueling Airbus A321-200
A320 deliveries
Airbus
87 — 180/186 feature more
A320-200
dense 186 seat
configuration.[46]
47[47]
 Airbus — 47[47] TBA
A320neo
Airbus
15 — 220
A321-200
Total 107 47

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External links
Media related to Vueling at Wikimedia Commons

Vueling official website

Retrieved from "https://en.wikipedia.org/w/index.php?title=V

ueling&oldid=822691865"

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