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Volaris Reports November 2022 Traffic Results: 19% YoY demand growth with a 88% Load Factor

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Controladora Vuela Compañía de Aviación (NYSE: VLRS) announced November 2022 traffic results, showing a 19.5% increase in capacity year-over-year and an 18.8% rise in demand, yielding a load factor of 88.0%. The company transported 2.7 million passengers, up 13.7% from November 2021. Domestic demand grew 12.2% while international markets soared by 37.4%. For the year-to-date, demand increased 28.0% with a load factor of 85.7%. The CEO expressed optimism about future performance, citing strong forward bookings.

Positive
  • 19.5% increase in capacity year-over-year.
  • 18.8% rise in demand compared to November 2021.
  • 13.7% increase in passengers transported, totaling 2.7 million.
  • 12.2% growth in domestic demand.
  • 37.4% growth in international demand.
  • 28.0% increase in year-to-date demand.
  • Optimistic CEO comments on strong forward bookings.
Negative
  • Load factor decreased by 0.6 percentage points year-over-year.

MEXICO CITY, Dec. 6, 2022 /PRNewswire/ -- 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 November 2022 preliminary traffic results.

Volaris Logo

In November 2022, Volaris' capacity (measured in ASMs) increased by 19.5% year-over-year, while demand (measured in RPMs) increased by 18.8%; the result was a load factor of 88.0% (-0.6pp). Volaris transported 2.7 million passengers during the month, a 13.7% increase compared to November 2021. Demand in the domestic Mexican and international markets increased by 12.2% and 37.4%, respectively. Year-to-date, Volaris' demand increased 28.0% YoY, with load factor expanding 1.1 pp year-over-year, to 85.7%.

Enrique Beltranena, Volaris' President and CEO said: "Demand remains resilient and we are encouraged by our revenue management strategy. Forward bookings are solid, and we expect to maintain a strong load factor in the upcoming months. We maintain our flexible network strategy and will continue stimulating our markets with our ULCC model."


Nov 2022

Nov2021

Variance

YTD Nov 2022

YTD Nov 2021

Variance

RPMs (million, scheduled & charter)







Domestic

1,886

1,681

12.2 %

19,588

15,675

25.0 %

International

822

598

37.4 %

7,708

5,650

36.4 %

Total

2,707

2,279

18.8 %

27,296

21,325

28.0 %

ASMs (million, scheduled & charter)







Domestic

2,097

1,836

14.2 %

22,220

18,082

22.9 %

International

980

738

32.8 %

9,643

7,129

35.3 %

Total

3,077

2,574

19.5 %

31,862

25,211

26.4 %

Load Factor (%, scheduled, RPMs/ASMs)







Domestic

89.9 %

91.6 %

(1.6) pp

88.2 %

86.7 %

1.5 pp

International

83.9 %

81.0 %

2.8 pp

79.9 %

79.2 %

0.7 pp

Total

88.0 %

88.5 %

(0.6) pp

85.7 %

84.6 %

1.1 pp

Passengers (thousand, scheduled & charter)







Domestic

2,164

1,975

9.5 %

22,701

17,742

28.0 %

International

576

434

32.7 %

5,401

4,074

32.6 %

Total

2,740

2,409

13.7 %

28,102

21,817

28.8 %








Economic Jet Fuel Price

(USD per gallon, preliminary)







Average

3.90

2.58

51.2 %

3.88

2.23

74.0 %

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

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 200, and its fleet from 4 to 116 aircraft. Volaris offers more than 500 daily flight segments on routes that connect 43 cities in Mexico and 28 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, and Central and South America. Volaris has received the ESR Award for Social Corporate Responsibility for eleven consecutive years. For more information, please visit www.volaris.com.

Investor Relations Contact
Ricardo Martínez / ir@volaris.com
Media Contact
Gabriela Fernández / gabriela.fernandez@volaris.com

Cision View original content:https://www.prnewswire.com/news-releases/volaris-reports-november-2022-traffic-results-19-yoy-demand-growth-with-a-88-load-factor-301695319.html

SOURCE Controladora Vuela Compania de Aviacion, S.A.B. de C.V. - Volaris

FAQ

What are the November 2022 traffic results for VLRS?

Volaris reported a 19.5% increase in capacity, 18.8% rise in demand, and a load factor of 88.0% for November 2022.

How many passengers did VLRS transport in November 2022?

Volaris transported 2.7 million passengers in November 2022, a 13.7% increase from November 2021.

What was the load factor for VLRS in November 2022?

The load factor for Volaris in November 2022 was 88.0%, down 0.6 percentage points year-over-year.

What were the key growth metrics for VLRS in November 2022?

In November 2022, domestic demand grew by 12.2% and international demand increased by 37.4%.

What does the CEO of VLRS say about future performance?

The CEO expressed optimism for future performance, citing solid forward bookings and a resilient demand.

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

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