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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).
Controladora Vuela Compañía de Aviación (NYSE: VLRS) will release its Q1 2022 earnings results on April 27, 2022, after market close. A conference call will follow on April 28, 2022, at 9:00 a.m. CT (10:00 a.m. ET) to discuss the results. Interested parties can connect via dedicated dial-in numbers provided in the release. Volaris has been operating since March 2006 and now offers over 500 daily flights connecting 44 cities in Mexico and 27 in the Americas. For more details, the release is available on their website.
On March 3, 2022, Volaris (NYSE: VLRS) reported significant traffic results for February 2022, highlighting an 80.8% year-over-year increase in demand and an 86.7% rise in passenger numbers, totaling 2.1 million. Capacity (measured in ASMs) surged by 62.0% YoY, leading to a load factor of 82.7%. Domestic passenger demand rose by 64.7%, while international demand skyrocketed by 149.8%. The company anticipates flat ASMs for Q1 2022 compared to Q4 2021 but expects around 50% ASM growth versus Q1 2021, indicating strong market demand.
Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE: VLRS) reported strong financial results for Q4 and full-year 2021, demonstrating a disciplined growth strategy. Q4 operating revenue rose 43% to Ps.13,954 million, while EBITDAR increased 45% to Ps.5,161 million. Adjusted net income, excluding a one-time charge, surged 21% to Ps.1,559 million. Despite a net loss of Ps.200 million due to a non-cash charge, the company maintained a cash position of Ps.15,255 million. For 2022, Volaris anticipates capacity growth in the mid-twenties and operating revenue of US$2.6 to US$2.8 billion.
Volaris (NYSE: VLRS) reported strong preliminary traffic results for January 2022, showcasing a 45.4% YoY increase in demand and a 32.2% YoY rise in capacity. The load factor improved to 81.3%, indicating efficient operations. The airline transported 2.3 million passengers, marking a 48.7% increase YoY. Despite strong demand, Volaris reduced its ASMs by 1.5% in response to the Omicron variant. Q1 2022 ASMs are expected to remain flat compared to Q4 2021, projecting 50% ASM growth versus Q1 2021.
Controladora Vuela Compañía de Aviación (NYSE: VLRS) will release its Q4 and full-year 2021 earnings on February 24, 2022, after market close. A conference call to discuss the results is scheduled for February 25, 2022, at 9:00 a.m. CT. The event will be hosted by key executives including Enrique Beltranena, CEO, and Jaime Pous, CFO. The call will be accessible via dial-in and webcast. Volaris operates as an ultra-low-cost carrier across North and South America, boasting a fleet of 102 aircraft and over 185 routes.
Volaris (NYSE: VLRS) reported strong performance in December 2021, with passenger demand increasing by 34.9% domestically and 10.8% internationally compared to December 2019. The airline transported 2.6 million passengers, 31% higher than pre-pandemic levels. Capacity increased by 35.5% domestically and 20.8% internationally, achieving a load factor of 85.9%. For Q1 2022, Volaris expects a 3% ASM growth compared to Q4 2021, reflecting strong demand, but plans to adjust capacity if needed due to Omicron variant concerns.
Volaris (NYSE: VLRS) reported strong preliminary traffic results for November 2021, highlighting a 30.4% increase in domestic passenger demand and a 14.2% rise in international markets, compared to November 2019. The airline transported 2.4 million passengers, up 27% from pre-pandemic levels. Capacity increased 29.9% domestically and 18.0% internationally, maintaining a high load factor of 88.5%.
Volaris (NYSE: VLRS) announced a significant order for 39 A321neo aircraft from Airbus on November 15, 2021, aimed at bolstering its growth strategy for the second half of the decade. This acquisition is part of a broader agreement securing a total of 255 aircraft in collaboration with other airlines, including Wizz Air and Frontier. Additionally, Volaris will convert 20 aircraft from its existing order from A320neo to A321neo. This move supports Volaris's position as a leading ultra-low-cost carrier in Mexico and beyond.
Volaris (NYSE: VLRS), the ultra-low-cost airline, reported a strong recovery in October 2021, with domestic passenger demand increasing by 26.2% and international demand rising 23.9% compared to October 2019. The company transported 2.3 million passengers, reflecting a 22% year-over-year increase. Volaris expanded its capacity, raising ASMs domestically by 24.9% and internationally by 24.7%, achieving a high load factor of 86.3%. New routes were inaugurated, enhancing network connectivity in the region.
Controladora Vuela Compañía de Aviación (VLRS) reported robust Q3 2021 results, with total operating revenue reaching Ps.12,804 million, a 35% increase from Q3 2019. EBITDAR rose by 59% to Ps.5,235 million, with a margin of 40.9%. The airline carried 6.7 million passengers, an 18% increase, and maintained a load factor of 85.4%. Despite higher operating expenses of Ps.9,682 million (up 24%), net income doubled to Ps.1,515 million, marking an 11.8% net margin. Volaris expects strong capacity growth of 26-29% in Q4 2021, with a focus on maintaining financial stability amidst pandemic challenges.
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