Volaris Reports November 2022 Traffic Results: 19% YoY demand growth with a 88% Load Factor
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.
- 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.
- 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.
In November 2022, Volaris' capacity (measured in ASMs) increased by
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
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SOURCE Controladora Vuela Compania de Aviacion, S.A.B. de C.V. - Volaris
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