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. reports news under the Volaris name as an ultra-low-cost carrier serving Mexico, the United States, Central America and South America. Coverage centers on point-to-point airline operations, low base fares, ancillary revenue, domestic and international traffic, and the company’s NYSE-listed ADR and BMV-listed shares.
Recurring updates include monthly traffic results using ASM capacity, RPMs, passenger volumes and load factor, as well as quarterly financial results covering revenue per passenger, fuel costs, capacity deployment, fleet productivity and cross-border demand. Company news also includes operational disruptions, shareholder meeting resolutions, bylaw amendments and other governance matters tied to its Mexican public-company structure.
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.
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.