Volaris Reports April 2024 Traffic Results: 85% Load Factor

Rhea-AI Summary

Volaris, an ultra-low-cost carrier, reported its April 2024 traffic results with an 85% load factor. The ASM capacity decreased by 20.4% year-over-year due to engine inspections. RPMs declined, resulting in a load factor decrease impacted by the Easter holiday shift. The domestic RPMs decreased by 28.1%, while international RPMs decreased by 6.3%. Volaris transported 2.3 million passengers in April.

Positive

• None.

Negative

• The ASM capacity decreased by 20.4% year-over-year due to engine inspections.

• RPMs declined, resulting in a load factor decrease.

• Domestic RPMs decreased by 28.1%, and international RPMs decreased by 6.3%.

• The load factor decreased by 1.0 pp YoY to 84.7%.

• Passenger numbers also decreased significantly.

MEXICO CITY, May 09, 2024 (GLOBE NEWSWIRE) -- Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE: VLRS and BMV: VOLAR) (“Volaris” or “the Company”), the ultra-low-cost carrier (ULCC) serving Mexico, the United States, Central, and South America, reports its April 2024 preliminary traffic results.

In April 2024, Volaris' ASM capacity decreased by 20.4% year-over-year due to the accelerated Pratt & Whitney engine inspections and the resulting aircraft groundings. RPMs declined by 21.3%, resulting in a load factor decrease of 1.0 pp YoY to 84.7%, impacted by the Easter holiday shift to March. Mexican domestic RPMs decreased by 28.1%, while international RPMs decreased by 6.3%. Volaris transported 2.3 million passengers during the month.

Enrique Beltranena, Volaris’ President and CEO, said: “Our adjustments to the domestic network have yielded positive results. As we prepare for the summer high season, we added capacity to the U.S-Mexico transborder market while trimming capacity in Central America. For the remainder of the second quarter, our booking curves are aligned with our guidance.”

	Apr 2024		Apr 2023		Variance		YTD Apr 2024		YTD Apr 2023		Variance
RPMs (million, scheduled & charter)
Domestic	1,413		1,966		-28.1	%	5,742		7,512		-23.6	%
International	830		886		-6.3	%	3,647		3,406		7.1	%
Total	2,243		2,851		-21.3	%	9,389		10,918		-14.0	%
ASMs (million, scheduled & charter)
Domestic	1,568		2,255		-30.5	%	6,336		8,792		-27.9	%
International	1,079		1,070		0.9	%	4,528		4,021		12.6	%
Total	2,647		3,325		-20.4	%	10,864		12,813		-15.2	%
Load Factor (%, scheduled, RPMs/ASMs)
Domestic	90.1	%	87.2	%	2.9 pp		90.6	%	85.4	%	5.2 pp
International	76.9	%	82.8	%	(5.9) pp		80.5	%	84.7	%	(4.2) pp
Total	84.7	%	85.8	%	(1.0) pp		86.4	%	85.2	%	1.2 pp
Passengers (thousand, scheduled & charter)
Domestic	1,716		2,268		-24.3	%	6,701		8,708		-23.1	%
International	563		611		-8.0	%	2,501		2,358		6.1	%
Total	2,278		2,879		-20.9	%	9,202		11,066		-16.8	%

The information included in this report has not been audited and does not provide information on the Company’s future performance. Volaris’ future performance depends on several factors. It cannot be inferred that any period’s performance or its comparison year over year will indicate a similar performance in the future.

Glossary

Revenue passenger miles (RPMs): Number of seats booked by passengers multiplied by the number of miles flown.

Available seat miles (ASMs): Number of seats available for passengers multiplied by the number of miles flown.

Load factor: RPMs divided by ASMs and expressed as a percentage.

Passengers: The total number of passengers booked on all flight segments.

Investor Relations Contact
Ricardo Martínez / ir@volaris.com

Media Contact

Israel Álvarez / ialvarez@gcya.net

About Volaris
*Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (“Volaris” or “the Company”) (NYSE: VLRS and BMV: VOLAR) is an ultra-low-cost carrier, with point-to-point operations, serving Mexico, the United States, Central, and South America. Volaris offers low base fares to build its market, providing quality service and extensive customer choice. Since the beginning of operations in March 2006, Volaris has increased its routes from 5 to more than 197 and its fleet from 4 to 134 aircraft. Volaris offers more than 460 daily flight segments on routes that connect 44 cities in Mexico and 29 cities in the United States, Central, and South America, with one of the youngest fleets in Mexico. Volaris targets passengers who are visiting friends and relatives, cost-conscious business and leisure travelers in Mexico, the United States, Central, and South America. Volaris has received the ESR Award for Social Corporate Responsibility for fourteen consecutive years. For more information, please visit ir.volaris.com. Volaris routinely posts information that may be important to investors on its investor relations website. The Company encourages investors and potential investors to consult the Volaris website regularly for important information about Volaris.

FAQ

How much did Volaris' ASM capacity decrease by year-over-year in April 2024?

Volaris' ASM capacity decreased by 20.4% year-over-year in April 2024.

What caused the decrease in ASM capacity for Volaris in April 2024?

The decrease in ASM capacity was due to accelerated engine inspections.

How many passengers did Volaris transport in April 2024?

Volaris transported 2.3 million passengers in April 2024.

What was the load factor for Volaris in April 2024?

The load factor for Volaris in April 2024 was 84.7%.

How did Volaris' RPMs and load factor compare year-over-year in April 2024?

RPMs declined, resulting in a load factor decrease of 1.0 pp YoY to 84.7%.