Volotea closed the year 2024 with the best financial results in its historyby registering a record billing of 811 million that grows 17% over the previous year, when it registered 694 million. These figures, which are practically twice sales Regarding the invoiced before the pandemic, they have been driven by the Increased number of travelers Transported, reaching 11.4 million passengers, 10% more than the previous year.
Consequently, the Spanish airline has been proposed as a substitute for Ryanair in all medium and small airports where the Irish airline removes airplanes or flights. “If they leave, do not worry the government, that we are“Carlos Muñoz, founder and CEO of Volotea, stood out. The manager explained that” anything with meaning that Ryanair leaves, we will cover it with great desire, “given that the vocation of the Spanish airline is to connect those to each other smaller cities.
He added that Santander, Jerez or Asturias “are our airports” and “makes sense to connect them” with new routes. In addition, he defended that “it is important not to forget those airports” and questioned Aena’s incentive modelclaiming that “they do not move too much, they do not generate competition between airports and do not make us more routes.”
Elevates your Ebitda 54%
Volotea raised its profitability 54% and registered a Ebitda 148 million euros compared to 96 million 2023, resulting in a margin Ebitda of 18%, four percentage points more than in 2023. The operational benefit (EBIT) stood at 35 million euros, multiplying by 12 the previous year (2.9 million), after four years of losses. The Ebit margin was 5%; growing another four percentage points. The company does not give data from the net resultalleging the need to execute the last accounting adjustments.
The Spanish airline continues with its organic growth strategy for the three major European markets (France, Italy and Spain), but a year of stabilitywith limited growth (1%) due to the production problems of Airbus and Boeing and PW engines.
Specifically, it will increase its offer by just over 128,000 seats, from 12,544 to 12,672 million. Spain will be the market that will focus its plans, with a rise in its capacity of 9%the equivalent of almost 300,000 seats (from 3,328 to 3,626 million seats), operating a total of 125 routes. In France, growth will be 7,505 to 8.09 million seats; And in Italy, despite the loss of the subsidized routes of Corsica, it will go from 4,227 to 4,298 million seats.
Stephen Rapp, financial director of Volotea, highlighted the importance of its unit cost structure, which they are “20% lower than dump or 70% smaller than Easyjet“, Although these competitors have more rotation and seats available than the Spanish airline. Only Wizzair (3,4) and Ryanair (3,1) show a Cass without fuel less than 4.2 euros per medium seat that records The Spanish company, something that blames the change of fleet undertaken during the pandemic.
(News in expansion)
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