Welcome to our dedicated page for Controladora Vuela Compania de Aviacion, S.A.B. de C.V. news (Ticker: VLRS), a resource for investors and traders seeking the latest updates and insights on Controladora Vuela Compania de Aviacion, S.A.B. de C.V. stock.
Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (Volaris, NYSE: VLRS) is an ultra-low-cost carrier with point-to-point operations in the scheduled passenger air transportation industry, serving Mexico, the United States, Central, and South America. This news page aggregates company announcements, traffic reports, financial updates, and other disclosures that Volaris furnishes to investors and the market.
Readers can find monthly traffic results in which Volaris reports metrics such as available seat miles (ASMs), revenue passenger miles (RPMs), load factor, and total passengers, broken down between domestic Mexico and international routes. These updates often include management commentary on demand trends, cross-border VFR traffic, domestic market conditions, and network adjustments.
The news feed also includes quarterly financial results, where Volaris discusses operating revenues, operating expenses, EBIT, EBITDAR, TRASM, CASM, and CASM ex fuel, along with guidance ranges for capacity growth and margins. These releases provide context on how the company’s ultra-low-cost model and network decisions are reflected in its reported performance.
In addition, this page captures strategic and corporate announcements, such as the agreement with Grupo Viva Aerobus, S.A. de C.V. to create a new Mexican airline group under a holding company structure, and operational updates like the completion of mandated aircraft inspections and repairs. Partnership news, such as Volaris’ agreement to distribute its content through SabreMosaic Travel Marketplace, also appears here.
For investors, analysts, and observers of the transportation and warehousing sector, the Volaris (VLRS) news stream offers a centralized view of how the airline reports on its capacity, demand, financial results, and corporate initiatives across Mexico and its international markets.
Volaris (NYSE: VLRS) reports preliminary traffic results for February 2021, showing the impact of COVID-19 with a 35% drop in total Revenue Passenger Miles (RPMs) compared to February 2020. The airline transported 1.1 million passengers and achieved a load factor of 74.1%. Capacity, measured by Available Seat Miles (ASMs), decreased by 25.3%. Despite the current demand weakness due to increased COVID-19 cases, Volaris is focused on maintaining liquidity and anticipates improvements in forward bookings, increasing capacity guidance for Q1 2021 to 85%.
On February 18, 2021, Volaris (NYSE: VLRS) reported its fourth quarter 2020 financial results, showing an operating margin of 11.9% and a 16.9% decline in total operating revenues to Ps.8,086 million. Despite a challenging environment due to COVID-19, ancillary revenues grew 21.4% year-over-year, constituting 48% of total revenues. The company raised approximately U.S.$164 million from an equity offering, improving its liquidity, ending the quarter with Ps.10,103 million in cash. Forward-looking, Volaris anticipates reduced demand and a conservative capacity approach for Q1 2021, aiming for 80% of last year’s capacity.
Volaris (NYSE: VLRS) reported preliminary traffic results for January 2021, amid ongoing COVID-19 challenges. The airline's capacity, measured by Available Seat Miles (ASMs), was at 97% of January 2020 levels, while Revenue Passenger Miles (RPMs) reached 83%. Volaris transported 1.5 million passengers with a load factor of 73.9%. Despite a strong recovery signal, the company anticipates reduced demand and a more conservative capacity plan for Q1 2021 due to recent US regulations requiring negative COVID-19 tests for international travelers.
Volaris (NYSE: VLRS), the ultra-low-cost airline, has announced its fourth quarter 2020 earnings release scheduled for February 18, 2021, after market close. The conference call will take place on February 19, 2021, at 10:00 am U.S. EDT. Key executives, including CEO Enrique Beltranena, will present the results. Volaris operates over 391 daily flights connecting 43 cities in Mexico and 25 in the U.S., boasting a fleet of 86 aircraft since commencing operations in March 2006. The company aims to cater to cost-conscious travelers in Mexico and the U.S.
Volaris (NYSE: VLRS) reported December 2020 traffic results, showing a significant month-over-month recovery post-COVID-19. Capacity (ASMs) increased by 101.9% year-over-year, with passenger numbers hitting 1.8 million, up 8.7% from November. The load factor for December was 78.5%. Volaris introduced a new route from Cancun to Oaxaca and saw demand rebound, particularly in the domestic market. For January 2021, the airline plans to operate at approximately 98% of last year's capacity. This indicates a strong recovery trajectory for Volaris in the aviation sector.
On December 9, 2020, Volaris (NYSE: VLRS) announced the pricing of an upsized primary follow-on equity offering, selling 134 million Ordinary Participation Certificates (CPOs) as American Depositary Shares (ADSs) at $11.25 each. The offering includes a provision for underwriters to purchase an additional 20.1 million CPOs. The proceeds will be deployed for general corporate purposes. Morgan Stanley, Evercore ISI, Santander, Citigroup, and BofA Securities are the underwriters, with closing anticipated on December 11, 2020.
MEXICO CITY, Dec. 7, 2020 /PRNewswire/ -- Volaris (NYSE: VLRS) has launched a primary follow-on equity offering of 120 million Ordinary Participation Certificates (CPOs), equivalent to 12 million American Depositary Shares (ADSs). Each ADS represents 10 CPOs, linked to one Series A share of common stock. The proceeds will be used for general corporate purposes. The underwriters include Morgan Stanley, Evercore ISI, Santander, Citigroup, and BofA Securities. Investors are advised to refer to the prospectus for detailed information on the offering.
On December 2, 2020, Volaris (NYSE: VLRS) announced strong preliminary traffic results for November 2020, achieving a capacity of 98% and a demand of 88.7% compared to November 2019. The airline transported 1.6 million passengers, marking a 14% increase from October. The booked load factor stood at 80.5%. Additionally, Volaris launched seven new international routes and plans to operate 100% of its capacity in December. This strong recovery demonstrates Volaris' ability to capitalize on demand in the VFR and leisure segments amid the ongoing COVID-19 challenges.
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Volaris (NYSE: VLRS) reported strong recovery in October 2020 traffic results, with capacity at 84.3% compared to last year and demand at 80.8%, up 13.3% from September. The airline transported 1.4 million passengers, marking a 14% increase from the previous month. October's load factor reached 82.1%, up 7.7 percentage points versus September. Volaris announced new domestic and international routes and plans to operate at 94% capacity in November, including an upcoming relaunch of Central American operations.
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