QUOTE Mach Trim;
"The low stock pilot market price of Vueling now reflects it's real market value. If it is going to collapse why is holding steady at 12.50 Euros ?
They do need to show a profit or better numbers by next year and something may happen at Vueling by the end of the year.
Vueling has well over 50 Million Euros in the bank cash.
Yeah it may not last long but...."
It sounds like Vueling need to do something drastic soon as they keep loosing money big time.
Vueling has just this month reported a net loss of EUR 33.7 million for the first six months of 2007, a significant decline on the EUR 6.5 million deficit it had for the same period on 2006.
It's a fact that RYR, EZY and Click keep increasing more and more flights to and from Spain and they all seem to do well and no doubt that Vueling has been hit hard by the increasing competition in the Spanish low-cost market.
If the last 6 months of 2007 go the same direction it sounds to me like Vueling's EUR 50 million are soon gone
