Vueling Airlines maintained a strong cash position with €103 million ($126 million) cash flow generated from operating activities in the second quarter to 30 June 2012 .
Cash flow from investing activities totalled €12.97 million during the three-month period with capital expenditure accounting for €3.8 million.Cash flow from financing activities remained at €2.29 million. Vueling ended the second quarter with €156 million cash and cash equivalents.
Chief financial officer Sonia Jerez told analysts during an investor conference call that the Spanish low-cost carrier generated €122 million net cash flow in the first six months of 2012 and ended with €368 million net cash position at 30 June.
At 31 June 2011, net cash position was €277 million.
Source: Commercial Aviation Online