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CONTROLADORA VUELA COMPAÑÍA DE AVIACIÓN, S.A.B. DE C.V. - VLRS STOCK NEWS

Welcome to our dedicated page for CONTROLADORA VUELA COMPAÑÍA DE AVIACIÓN, S.A.B. DE C.V. news (Ticker: VLRS), a resource for investors and traders seeking the latest updates and insights on CONTROLADORA VUELA COMPAÑÍA DE AVIACIÓN, S.A.B. DE C.V. stock.

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).

News

Volaris Celebrates Frontier Airlines’ Reactivation of the Codeshare Agreement Between Both Airlines

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Volaris celebrates the reactivation of the codeshare agreement with Frontier Airlines, allowing Frontier customers access to over 40 destinations in Mexico. This partnership enhances travel options for both airlines and passengers, reinforcing Volaris' commitment to operational efficiency and a wide range of destinations.

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Volaris Reports Financial Results for the First Quarter 2024: Net Income of USD $33 million

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Volaris, a low-cost carrier serving the Americas, reports strong financial results for Q1 2024 with a net income of $33 million. Total operating revenues increased by 5.1% to $768 million, with a 21% rise in TRASM. Despite a 13% decrease in ASMs, the company saw a significant improvement in EBITDAR, reaching $235 million. The EBITDAR margin also increased by 14 percentage points. Volaris managed to decrease its net debt-to-LTM EBITDAR ratio to 3.1x. The CEO highlighted the focus on customer service and cost control, leading to profitability in a historically challenging first quarter.
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Volaris Reports March 2024 Traffic Results: 87% Load Factor

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Controladora Vuela Compañía de Aviación (VLRS) reports March 2024 traffic results with a 15.8% ASM capacity decrease due to engine inspections. Despite this, load factor rose to 86.8%. Mexican domestic RPMs dropped by 24.2%, while international RPMs increased by 7.1%. Volaris transported 2.3 million passengers in March.
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Volaris Reports February 2024 Traffic Results: 86% Load Factor

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Volaris Reports February 2024 Preliminary Traffic Results: ASM Capacity Decreases, Load Factor Increases, Passenger Numbers Drop
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Volaris Reports Financial Results for the Fourth Quarter 2023: Net Income of USD $112 million

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Controladora Vuela Compañía de Aviación (VLRS) reports strong financial results for Q4 and FY 2023, with net income of $112 million in Q4 and $8 million for the year. Total operating revenues increased by 10% in Q4 and 14% for the year. TRASM increased by 11% in Q4 and 3.8% for the year. EBITDAR saw a significant increase of 35% in Q4 and 40% for the year. The company's proactive strategies and mitigation plans proved effective amidst challenges, leading to a positive outlook for 2024.
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Volaris Reports January 2024 Traffic Results: 88% Load Factor

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Volaris, an ultra-low-cost carrier serving Mexico, the United States, Central, and South America, reports a 10.7% decrease in ASM capacity and an 8.9% decrease in RPMs in January 2024 compared to the previous year. The load factor increased by 1.8 pp YoY to 88.0%, and the airline transported 13.0% fewer passengers compared to January 2023. Despite a decrease in domestic RPMs, international RPMs increased by 15.1%. Volaris' President and CEO highlighted the reduction in ASM capacity within the Mexican domestic market and the increase in international capacity following Mexico’s Category 1 upgrade by the United States’ Federal Aviation Administration (FAA). The company's booking curves suggest a positive trend in unit revenue growth for the upcoming months, in line with their 2024 guidance.
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Volaris First Quarter and Full Year 2024 Guidance

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Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE: VLRS and BMV: VOLAR), known as Volaris, the ultra-low-cost carrier (ULCC) serving Mexico, the United States, Central, and South America, announced its guidance for the first quarter and full year 2024. The company remains focused on executing its business plan to serve robust demand in its domestic and international markets and drive profitable growth despite constraints due to accelerated GTF engine preventive inspections. The priorities for the year are ensuring the safety of ambassadors and customers, driving profitability, and optimizing network reliability. The company also maintains the 2023 guidance provided to the market on October 10, 2023. For the first quarter of 2024, the company expects ASM growth (YoY) of -16% to -18%, TRASM of $8.5 to $8.7 cents, CASM ex fuel of $5.5 to $5.7 cents, and EBITDAR margin of 25% to 27%. For the full year 2024, the company expects ASM growth (YoY) of -16% to -18%, EBITDAR margin of 31% to 33%, and CAPEX of approximately $300 million.
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Volaris Reports December 2023 Traffic Results: 85% Load Factor

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Volaris (NYSE: VLRS and BMV: VOLAR) reports a 2.3% decrease in RPMs and a 3.1% decrease in ASM capacity in December 2023. Load factor increased to 85.4%, with 2.8 million passengers transported during the month. Mexican domestic RPMs decreased by 11.1%, while international RPMs increased by 18.4%. Volaris' President and CEO expressed confidence in the resilience of the network and the business plan for 2024.
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Volaris Reports November 2023 Traffic Results: 90% Load Factor

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Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE: VLRS and BMV: VOLAR) reports a November 2023 load factor increase of 1.8% year-over-year to 89.8%, despite a 0.9% decrease in passengers transported compared to November 2022. Mexican domestic RPMs decreased by 7.9%, while international RPMs increased by 17.6%. Volaris' ASM capacity decreased by 2.2% year-over-year, with a strategic capacity redeployment to the US market. The company reached an agreement with Pratt & Whitney for compensation for each GTF engine removed from its fleet, addressing fixed costs associated with the engines during inspections.
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Volaris Reports October 2023 Traffic Results: 2% YoY Demand Growth with an 89% Load Factor

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Volaris, the ultra-low-cost carrier serving Mexico and the Americas, reports its October 2023 preliminary traffic results. Capacity increased by 2.4% YoY, while demand increased by 2.2%. The load factor decreased by 0.2 pp to 89.5%. Volaris transported 2.7 million passengers, a 2.4% decrease compared to October 2022.
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FAQ

What is the current stock price of CONTROLADORA VUELA COMPAÑÍA DE AVIACIÓN, S.A.B. DE C.V. (VLRS)?

The current stock price of CONTROLADORA VUELA COMPAÑÍA DE AVIACIÓN, S.A.B. DE C.V. (VLRS) is $8.22 as of November 18, 2024.

What is the market cap of CONTROLADORA VUELA COMPAÑÍA DE AVIACIÓN, S.A.B. DE C.V. (VLRS)?

The market cap of CONTROLADORA VUELA COMPAÑÍA DE AVIACIÓN, S.A.B. DE C.V. (VLRS) is approximately 973.6M.

What is Volaris?

Volaris is a low-cost airline based in Mexico City, known for its budget-friendly fares and extensive flight routes across Mexico, the United States, Central America, and South America.

Where are Volaris' main hubs?

Volaris' main hubs are in Guadalajara, Mexico City, and Tijuana. The airline also has focus cities in Cancún, León, and Monterrey.

How many destinations does Volaris serve?

Volaris connects 44 cities in Mexico, 22 cities in the United States, four cities in Central America, and two cities in South America through its extensive network.

What is the business model of Volaris?

Volaris operates on a low-cost, budget-friendly pricing model, often using promotional fares to attract customers. This model makes air travel more accessible by competing with long-distance bus fares in Mexico.

How does Volaris generate revenue?

Volaris generates revenue primarily from passenger air transportation, recognized upon service provision or ticket expiry. Additional revenue comes from non-passenger services like cargo operations.

What recent achievements has Volaris made?

In 2022, Volaris emerged as the domestic market leader in Mexico by the number of passengers flown, reinforcing its position in the aviation industry.

How has Volaris' financial performance been recently?

Despite challenges such as aircraft groundings for engine inspections, Volaris reported solid financial results for Q1 2024, with 6.9 million booked passengers and adjusted operational capacity.

Who can investors contact for more information?

Investors can reach out to Ricardo Martínez at ir@volaris.com for more information.

Who is the media contact for Volaris?

Media inquiries can be directed to Israel Álvarez at ialvarez@gcya.net.

What is the significance of Volaris' low-cost model?

Volaris' low-cost model makes air travel more accessible to a wider population, offering competitive fares that often rival long-distance bus tickets in Mexico.

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CONTROLADORA VUELA COMPAÑÍA DE AVIACIÓN, S.A.B. DE C.V.

NYSE:VLRS

VLRS Rankings

#2569 Ranked by Market Cap
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VLRS Stock Data

973.55M
1.17B
57.75%
1.39%
Airlines
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United States of America
Mexico City