Volaris Reports August 2024 Traffic Results: 87% Load Factor
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, una delle principali compagnie aeree ultra low-cost, ha riportato i suoi risultati di traffico di agosto 2024. L'azienda ha registrato un calo del 15,1% nella capacità ASM rispetto all'anno precedente, a causa di controlli accelerati sui motori Pratt & Whitney e del conseguente fermo degli aerei. Nonostante queste sfide, Volaris ha trasportato 2,6 milioni di passeggeri con un fattore di carico dell'87,0%, stabile rispetto ai livelli dell'anno passato.
Tra i punti salienti ci sono:
- Le RPM sono diminuite del 15,3%, con un calo del 22,0% per le RPM domestiche e una stabilità per quelle internazionali
- Le ASM domestiche messicane sono diminuite del 22,5%, mentre le ASM internazionali sono rimaste stabili
- L'azienda ha confermato le sue previsioni annuali di capacità, indicando una riduzione approssimativa del 14%
- Volaris ha concluso l'alta stagione estiva con una forte performance operativa e una buona domanda
Il CEO Enrique Beltranena ha dichiarato che il piano strategico di mitigazione della flotta è in linea e sta producendo risultati favorevoli, nonostante quasi il 30% della flotta sia a terra.
Volaris, una de las principales aerolíneas de ultra bajo costo, informó sus resultados de tráfico de agosto de 2024. La compañía experimentó una disminución del 15,1% en la capacidad ASM en comparación con el año anterior, debido a inspecciones aceleradas de motores Pratt & Whitney y el consiguiente aterrizaje de aeronaves. A pesar de estos desafíos, Volaris transportó 2,6 millones de pasajeros con un factor de ocupación del 87,0%, igual que los niveles del año pasado.
Los puntos destacados incluyen:
- Las RPMs disminuyeron un 15,3%, con una baja del 22,0% en las RPMs nacionales y estabilidad en las RPMs internacionales
- Las ASM nacionales mexicanas disminuyeron un 22,5%, mientras que las ASM internacionales se mantuvieron estables
- La empresa reafirmó su guía de capacidad anual, indicando una reducción aproximada del 14%
- Volaris concluyó la temporada alta de verano con un sólido desempeño operativo y demanda
El CEO Enrique Beltranena declaró que el plan estratégico de mitigación de flota está en marcha y generando resultados favorables, a pesar de que casi el 30% de la flota está en tierra.
볼라리스, 주요 저비용 항공사 중 하나가 2024년 8월 교통 결과를 발표했습니다. 회사는 Pratt & Whitney 엔진 점검과 그로 인한 항공기 지상에 따라 연간 ASM 용량이 15.1% 감소했다고 보고하였습니다. 이러한 어려움에도 불구하고, 볼라리스는 260만 명의 승객을 운송하였으며, 탑승률은 87.0%으로 지난해와 비슷했습니다.
주요 내용은 다음과 같습니다:
- RPM이 15.3% 감소하였으며, 국내 RPM은 22.0% 감소하고 국제 RPM은 제자리를 유지하였습니다
- 멕시코 국내 ASM은 22.5% 감소하였고, 국제 ASM은 안정적이었습니다
- 회사는 연간 용량 안내를 재확인하며 약 14% 감소를 나타냈습니다
- 볼라리스는 여름 성수기를 강력한 운영 성과 및 수요와 함께 마무리하였습니다
CEO Enrique Beltranena는 전략적 플릿 완충 계획이 순조롭게 진행되고 있으며, 거의 30%의 플릿이 지상에 있음에도 불구하고 긍정적인 결과를 보고하고 있다고 밝혔습니다.
Volaris, un leader dans le domaine des compagnies aériennes à bas coûts, a publié ses résultats de trafic d'août 2024. L'entreprise a connu une diminution de 15,1 % de la capacité ASM par rapport à l'année précédente, en raison d'inspections accélérées des moteurs Pratt & Whitney et des immobilisations d'avions qui en ont résulté. Malgré ces défis, Volaris a transporté 2,6 millions de passagers avec un taux de chargement de 87,0 %, stable par rapport à l'année précédente.
Les points clés incluent :
- Les RPM ont diminué de 15,3 %, avec une baisse de 22,0 % des RPM domestiques et une stabilité des RPM internationales
- Les ASM domestiques mexicains ont diminué de 22,5 %, tandis que les ASM internationales sont restées stables
- L'entreprise a réaffirmé ses prévisions de capacité annuelle, indiquant une réduction d'environ 14 %
- Volaris a conclu la haute saison estivale avec de solides performances opérationnelles et une demande élevée
Le PDG Enrique Beltranena a déclaré que le plan stratégique de mitigation de la flotte est sur la bonne voie et donne des résultats favorables, malgré près de 30 % de la flotte étant clouée au sol.
Volaris, eine führende Airline im Bereich der ultraniedrigen Kosten, hat ihre Verkehrsergebnisse für August 2024 veröffentlicht. Das Unternehmen erlebte einen Rückgang der ASM-Kapazität um 15,1% im Jahresvergleich, verursacht durch beschleunigte Inspektionen der Pratt & Whitney-Triebwerke und die daraus resultierenden Bodenstellungen von Flugzeugen. Trotz dieser Herausforderungen transportierte Volaris 2,6 Millionen Passagiere mit einem Auslastungsfaktor von 87,0%, was im Vergleich zum Vorjahr stabil blieb.
Wichtige Höhepunkte sind:
- Die RPMs fielen um 15,3%, wobei die RPMs im Inland um 22,0% zurückgingen und die internationalen RPMs stabil blieben
- Die nationalen ASM in Mexiko sanken um 22,5%, während die internationalen ASM stabil blieben
- Das Unternehmen bestätigte seine jährliche Kapazitätsprognose und wies auf eine ungefähre Reduktion von 14% hin
- Volaris schloss die Hochsaison des Sommers mit einem starken operativen Ergebnis und einer hohen Nachfrage ab
CEO Enrique Beltranena erklärte, dass der strategische Flottenminderungsplan auf dem richtigen Weg sei und trotz der fast 30% der am Boden liegenden Flotte positive Ergebnisse liefere.
- Maintained a high load factor of 87.0% despite capacity reductions
- Strong demand and operational performance during the summer high season
- Strategic fleet mitigation plan delivering favorable outcomes
- International RPMs and ASMs remained relatively stable
- 15.1% decrease in ASM capacity year-over-year
- 15.3% decrease in total RPMs
- 22.0% decrease in domestic RPMs
- 15.3% decrease in total passengers transported
- Almost 30% of the fleet grounded due to engine inspections
- Reaffirmed annual capacity guidance indicating a 14% reduction
Insights
The August 2024 traffic results for Volaris reveal significant challenges and strategic adaptations. The 15.1% decrease in ASM capacity due to Pratt & Whitney engine inspections is a major operational hurdle. However, maintaining an 87% load factor, on par with last year, demonstrates resilient demand and effective capacity management.
The 22% drop in domestic RPMs versus a flat international performance suggests a disproportionate impact on domestic routes. This could lead to market share shifts in the Mexican domestic market. The company's ability to maintain its annual capacity guidance despite having 30% of its fleet grounded is impressive, indicating strong operational flexibility.
Investors should monitor the long-term impact of these engine issues on fleet expansion plans and cost structures. The solid performance during the high season, despite challenges, suggests robust underlying demand, which could position Volaris well for recovery once fleet issues are resolved.
Volaris' traffic results present a mixed financial outlook. The 15.3% decrease in total passengers will likely translate to reduced revenue for the period. However, the maintenance of high load factors suggests effective yield management, potentially mitigating some revenue loss.
The disparity between domestic (
Investors should focus on the company's cost control measures during this period of reduced capacity. The ability to manage costs while maintaining operational efficiency will be important for preserving margins. Additionally, the long-term financial implications of the accelerated engine inspections, including potential compensation from Pratt & Whitney, should be closely monitored.
MEXICO CITY, Sept. 04, 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 August 2024 preliminary traffic results.
In August 2024, Volaris' ASM capacity decreased by
Enrique Beltranena, Volaris’ President and CEO said: "Our strategic fleet mitigation plan is on track and continues to deliver favorable outcomes. We have met our goals since the engine inspections began, and we are managing the situation with almost
| August 2024 | August 2023 | Variance | YTD August 2024 | YTD August 2023 | Variance | |||||||
| RPMs (million, scheduled & charter) | ||||||||||||
| Domestic | 1,635 | 2,097 | -22.0 | % | 12,009 | 15,360 | -21.8 | % | ||||
| International | 966 | 972 | -0.6 | % | 7,417 | 7,222 | 2.7 | % | ||||
| Total | 2,601 | 3,069 | -15.3 | % | 19,426 | 22,582 | -14.0 | % | ||||
| ASMs (million, scheduled & charter) | ||||||||||||
| Domestic | 1,820 | 2,348 | -22.5 | % | 13,275 | 17,851 | -25.6 | % | ||||
| International | 1,168 | 1,173 | -0.4 | % | 9,101 | 8,558 | 6.3 | % | ||||
| Total | 2,989 | 3,521 | -15.1 | % | 22,376 | 26,409 | -15.3 | % | ||||
| Load Factor (%, RPMs/ASMs) | ||||||||||||
| Domestic | 89.8 | % | 89.3 | % | 0.5 pp | 90.5 | % | 86.0 | % | 4.4 pp | ||
| International | 82.7 | % | 82.9 | % | (0.2) pp | 81.5 | % | 84.4 | % | (2.9) pp | ||
| Total | 87.0 | % | 87.2 | % | (0.1) pp | 86.8 | % | 85.5 | % | 1.3 pp | ||
| Passengers (thousand, scheduled & charter) | ||||||||||||
| Domestic | 1,958 | 2,418 | -19.0 | % | 14,246 | 17,732 | -19.7 | % | ||||
| International | 651 | 662 | -1.6 | % | 5,058 | 4,968 | 1.8 | % | ||||
| Total | 2,609 | 3,080 | -15.3 | % | 19,304 | 22,701 | -15.0 | % | ||||
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. Figures are rounded for convenience purposes.
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 214 and its fleet from 4 to 137 aircraft. Volaris offers more than 500 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 fifteen 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
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