Spanish carrier Vueling made a net profit of €10.4m last year despite a 40% increase in fuel costs.
The Barcelona-based airline, whose stable-mate Spanair collapsed last month, increased its revenues by 8.4% to €863m for the year.
It is the third consecutive year Vueling has reported a net profit. It follows an 11.6% rise in passengers in 2011 to 12.3m, following the opening of new bases in Toulouse and Amsterdam, and a 2.4 percentage point increase in load factors to 75.6%.
By Linsey McNeill
