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m - Vueling

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The macro economic situation in Europe continues to show signs of<br />

weakness<br />

GDP and <strong>Vueling</strong> year-on-year passenger evolution<br />

1.5%<br />

5<br />

0.4%<br />

2011<br />

Source: Eurostat<br />

Eurozone GDP growth Spain GDP growth <strong>Vueling</strong> pax growth<br />

12%<br />

-0.2%<br />

-0.9%<br />

H1’12<br />

24%<br />

-0.3%<br />

-1.6%<br />

Q3’12<br />

23%<br />

-0.6%<br />

-1.8%<br />

Q4’12<br />

15%<br />

-0.3%<br />

-1.4%<br />

2012<br />

20%<br />

● In 2012 the Spanish<br />

economy has<br />

contracted by -1.4%,<br />

and the Eurozone by<br />

-0.3%<br />

● Despite the<br />

challenging economic<br />

environment, <strong>Vueling</strong><br />

continued to<br />

significantly increase<br />

passenger traffic

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