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Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (symbol: VLRS), widely known as Volaris, is a leading low-cost airline company headquartered in Santa Fe, Álvaro Obregón, Mexico City. As a prominent player in the aviation industry, Volaris operates extensive flight routes connecting major cities across Mexico, the United States, Central America, and South America. The airline's primary hubs are located in Guadalajara, Mexico City, and Tijuana, with additional focus cities in Cancún, León, and Monterrey.
Volaris is renowned for its budget-friendly pricing model, often offering promotional fares that rival long-distance bus tickets in Mexico. This strategy has not only democratized air travel but has also positioned the airline as a preferred choice for cost-conscious travelers. The company operates an impressive average of 500 daily flight segments, serving 44 cities in Mexico, 22 cities in the United States, four in Central America, and two in South America.
In 2022, Volaris solidified its leadership as the domestic market leader in Mexico by the number of passengers flown, setting the stage for continued growth. The airline's revenue comes from multiple streams, including the air transportation of passengers, which is recognized when the service is rendered or when non-refundable tickets expire. Additionally, Volaris generates income from non-passenger revenues such as cargo services.
Recent financial updates indicate a robust performance. Despite challenges such as the accelerated inspections of Pratt & Whitney engines leading to some aircraft groundings, Volaris has maintained its commitment to customer service and operational excellence. The company recently announced financial results for Q1 2024, reporting 6.9 million booked passengers, with capacity adjustments reflecting the current operational insights.
Investors and stakeholders are encouraged to stay informed through regular updates and detailed reports provided by the company. For further inquiries, the Investor Relations contact is Ricardo Martínez (ir@volaris.com), and the Media Contact is Israel Álvarez (ialvarez@gcya.net).
Volaris (NYSE: VLRS) has released its December 2024 traffic results, reporting a load factor of 87.6%, representing a 2.2 percentage point increase from the previous year. The airline transported 2.8 million passengers during December, while experiencing a 4.5% year-over-year decrease in ASM capacity due to Pratt & Whitney engine inspections.
The company's RPMs declined by 2.1% overall, with domestic RPMs down 8.3% while international RPMs grew by 9.0%. Despite challenges, Volaris achieved a 99% completion rate for the full year. The airline is seeing network stability and the return of aircraft that completed engine inspections, though some ASM production fluctuations are expected as inspections continue.
For the full year 2024, Volaris recorded total RPMs of 29,505 million (-11.8% YoY) and ASMs of 33,990 million (-12.6% YoY), maintaining an overall load factor of 86.8%, up 0.8 percentage points from 2023.
Volaris reported its November 2024 traffic results, showing a 3.7% decrease in ASM capacity year-over-year due to Pratt & Whitney engine inspections. The airline transported 2.6 million passengers with an 86.8% load factor, down 3.0 percentage points from last year. RPMs declined 6.9%, with domestic RPMs falling 10.5% while international RPMs remained relatively stable.
The company's CEO, Enrique Beltranena, noted solid demand across the network, particularly in the domestic market, and highlighted strategic investments in transborder capacity for the December high season. Year-to-date performance remains strong despite GTF engine inspection challenges.
Volaris reported its October 2024 traffic results, showing mixed performance. The airline's ASM capacity decreased by 6.8% year-over-year due to Pratt & Whitney engine inspections. The company transported 2.5 million passengers with a load factor of 87.4%, down 2.1 percentage points from last year. Total RPMs declined by 9.0%, with domestic RPMs falling 14.4% while international RPMs grew 1.5%. The CEO highlighted strong demand across markets and robust booking trends through the holiday season, focusing on sustained profitability through prudent capacity recovery and aggressive cost management.
Volaris reported its Q3 2024 financial results, achieving net income of $37 million with earnings per ADS of $32 cents. Total operating revenues reached $813 million, a 4% decrease year-over-year. The company's EBITDAR increased 52% to $315 million with a margin of 38.7%. Despite challenges from Pratt & Whitney engine inspections causing reduced capacity, TRASM increased 12% to $9.38 cents. The company maintained strong liquidity with $830 million in cash and equivalents, representing 26% of LTM operating revenue. The net debt-to-LTM EBITDAR ratio improved to 2.7x from 3.5x year-over-year.
Volaris, the ultra-low-cost carrier serving Mexico, the United States, Central, and South America, reported its September 2024 preliminary traffic results. Key points include:
- ASM capacity decreased by 12.8% year-over-year due to accelerated Pratt & Whitney engine inspections and aircraft groundings
- Transported 2.3 million passengers with a load factor of 85.0%, a 1.2 pp increase from last year
- RPMs decreased by 11.5%, with domestic RPMs down 18.5% and international RPMs up 2.1%
CEO Enrique Beltranena noted strong demand in both domestic and international markets for Q3. The company expects more normalized comparables in Q4, considering the timing of engine inspections and the recovery of Cat 1 in Q4 2023. The engine inspection process is progressing as forecasted, and the company's performance aligns with expectations.
Volaris, a leading ultra-low-cost carrier, reported its August 2024 traffic results. The company experienced a 15.1% decrease in ASM capacity year-over-year due to accelerated Pratt & Whitney engine inspections and resulting aircraft groundings. Despite these challenges, Volaris transported 2.6 million passengers with a load factor of 87.0%, flat against last year's levels.
Key highlights include:
- RPMs decreased by 15.3%, with domestic RPMs down 22.0% and international RPMs flat
- Mexican domestic ASMs decreased by 22.5%, while international ASMs remained stable
- The company reaffirmed its annual capacity guidance, indicating an approximate 14% reduction
- Volaris concluded the summer high season with strong operational performance and demand
CEO Enrique Beltranena stated that the strategic fleet mitigation plan is on track and delivering favorable outcomes, despite having almost 30% of the fleet grounded.
Volaris (NYSE: VLRS, BMV: VOLAR), the ultra-low-cost carrier serving Mexico, the United States, Central, and South America, has released its 2023 Integrated Annual Report titled "Total Vision: Exploring New Perspectives." The report is now available on Volaris' Investor Relations webpage. It's important to note that the information in this report is unaudited and does not provide future performance insights. Volaris emphasizes that future performance depends on various factors and past performance should not be considered indicative of future results.
Volaris, the ultra-low-cost carrier serving Mexico, the United States, Central, and South America, reported its July 2024 preliminary traffic results. Key highlights include:
- ASM capacity decreased by 15.0% year-over-year due to accelerated Pratt & Whitney engine inspections and aircraft groundings
- Load factor increased by 2.0 pp YoY to 89.8%
- RPMs decreased by 13.0%
- Mexican domestic RPMs decreased by 20.0%, while international RPMs increased by 1.0%
- Transported 2.7 million passengers during the month
The company's strategic fleet mitigation plan is on track, with a well-balanced market mix and increased presence in the cross-border market, strengthening unit revenues. Booking curves indicate robust performance for the summer high season.
Volaris reported its Q2 2024 financial results, showing a net income of $10 million and earnings per ADS of $9 cents. Despite a 17% decrease in capacity due to aircraft groundings, the company achieved its highest absolute EBITDAR for a second quarter. Key highlights include:
- Total operating revenue of $726 million, down 7.2% YoY
- TRASM increased 12% to $8.89 cents
- EBITDAR of $261 million, up 23% YoY
- EBITDAR margin of 35.9%, an increase of 8.8 percentage points
- Net debt-to-LTM EBITDAR ratio decreased to 2.9x
The company improved its full-year ASM guidance to -14% and expects Q3 2024 TRASM of ~$9.3 cents with an EBITDAR margin of ~33%.
Volaris, an ultra-low-cost carrier, reported its June 2024 traffic results. The company's ASM capacity fell by 13.7% year-over-year due to Pratt & Whitney engine inspections and aircraft groundings.
Despite this, Volaris saw a load factor increase of 2.2 percentage points to 85.6%. RPMs decreased by 11.4%, with domestic RPMs down by 16.2% and international RPMs by 1.8%.
The airline transported 2.4 million passengers in June 2024. CEO Enrique Beltranena noted that the fleet mitigation plan is effective, with strong demand in the domestic market and maturing capacity in the international market.
For the year-to-date (YTD) June 2024, total RPMs were down by 13.9%, ASMs by 15.3%, and passengers by 15.4% compared to YTD June 2023.
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