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.
Aircastle Limited completed its first sale and leaseback of an A320 NEO aircraft with Volaris, marking the addition of the 28th NEO to the airline's fleet. The long-term lease agreement spans 12 years, with a second aircraft delivery expected later this month. CEO Mike Inglese emphasized the company’s ability to respond quickly to market needs, while Volaris acknowledged Aircastle's role in facilitating this transaction amid a recovering airline market in Mexico.
Volaris (VLRS) reported its third quarter 2020 financial results amid ongoing challenges from the COVID-19 pandemic. Total operating revenues fell by 50.3% year-over-year to Ps.4,724 million, with net loss reaching Ps.2,175 million, showing a significant drop from a previous operating income of Ps.1,703 million. Despite a 38.3% decline in passenger traffic, the company managed to increase ancillary revenue per passenger by 13.9%. Operating expenses per available seat mile (CASM) rose 20.9%, impacting the operating margin negatively to -47.1%. Volaris maintains a positive net cash position of Ps.2,387 million.
Volaris (NYSE: VLRS) reported its preliminary traffic results for September 2020, indicating a strong recovery. Capacity, measured by ASMs, stood at 84.2% compared to last year, while demand, measured by RPMs, reached 75.6%. The airline transported 1.3 million passengers, a 4.1% increase from August 2020, with a booked load factor of 74.4%. Volaris aims to operate 85% of capacity in October, with effective marketing strategies targeting first-time flyers being instrumental in this recovery process.
Volaris (NYSE: VLRS), the ultra-low-cost airline, announced adjustments to its hedging relationships as of June 30, 2020. The changes, prompted by lower jet fuel consumption due to COVID-19, resulted in a Ps.120 million benefit in the company’s net loss for the six months ended June 30, 2020. Additionally, Ps.53 million were reclassified to operating expenses. Total operating revenues for the period were Ps.1,526 million, with an operating loss of Ps.2,347 million. The total assets reported were Ps.67,783 million with total liabilities at Ps.71,951 million.
Volaris (NYSE: VLRS) has announced an extraordinary general shareholders meeting scheduled for September 18, 2020. The company plans to raise up to MXN 3.5 billion to enhance its capital and leverage potential growth opportunities. Shareholder approval is sought for new share issuance, which may include a rights offering or the sale of shares. This capital raise aims to improve Volaris' liquidity amid the challenges posed by the COVID-19 pandemic. The company's ultra-low-cost model positions it to capitalize on domestic market shifts and expand its operations.
On September 3, 2020, Volaris (NYSE: VLRS) reported its preliminary traffic results for August 2020, indicating a robust recovery in the Mexican aviation market. Capacity, measured by ASMs, improved to 78.6% year-over-year, with a 21.8% increase from July 2020. Demand, as RPMs, reached 68.4% compared to last year, marking a 20.8% rise monthly. Volaris transported 1.2 million passengers in August, equating to 64.9% of August 2019's figures. The load factor was 72.6%, reflecting a 10.9 pp decrease year-over-year due to increased capacity. Volaris plans to operate at approximately 75% capacity in September.
Volaris (NYSE: VLRS) announced a plan to operate approximately 75% of its capacity in September 2020, measured by available seat miles (ASMs), reflecting a recovery in demand amid the COVID-19 pandemic. This capacity is 86% of what was available in September 2019. The airline's capacity has gradually increased from 11% in May to 70% in August 2020, marking significant growth in operations. Volaris remains committed to biosecurity measures for the safety of passengers and staff. However, the company noted that past performance cannot predict future results.
On August 5, 2020, Volaris (NYSE: VLRS) reported preliminary traffic results for July 2020, indicating a significant recovery in capacity and demand post-COVID-19. Capacity, measured by ASMs, was 63.6% of July 2019, and total passengers transported reached 996,000, or 49.7% of the previous year's levels. The load factor decreased to 73.1%, down 15.6 percentage points year-over-year. The company aims to operate approximately 70% of its capacity for August 2020, reflecting a gradual market recovery.
Volaris (NYSE: VLRS) reported a significant decrease in financial performance for Q2 2020, largely due to the COVID-19 pandemic. Total operating revenues fell by 81.7% year-over-year to Ps.1,526 million, while ancillary revenues dropped 75.5%. Operating loss reached Ps.2,347 million compared to a profit of Ps.659 million a year earlier. Despite a 80.5% decline in passenger numbers, the airline managed a 25.2% rise in ancillary revenue per passenger. As of June 30, 2020, cash and cash equivalents stood at Ps.10,013 million, representing 35% of last year's revenue.
Volaris (NYSE: VLRS) has announced the schedule for its second quarter 2020 earnings release, set for July 24, 2020, after market close. A conference call will be held on July 27, 2020, at 10:00 am U.S. EDT, featuring key executives including President and CEO Enrique Beltranena. Participants can join via dial-in numbers provided for the U.S., Mexico, Brazil, and international attendees. The earnings release and webcast will be accessible on Volaris' Investor Relations website.
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