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.
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.
Volaris (NYSE: VLRS) reported preliminary traffic results for June 2020, indicating a gradual recovery from COVID-19 impact. Capacity (ASMs) was at 41% of June 2019, rising 234% from May 2020. Demand (RPMs) reached 34% of last year, up 179% from May. Volaris transported 585,000 passengers, a 175% increase from May, equating to 31% of June 2019's figures. The load factor was 73.1%, down 16.2 percentage points year-over-year. Management plans to operate 60% capacity in July in response to rising demand.
Volaris (NYSE: VLRS) has announced a significant capacity adjustment due to the COVID-19 pandemic, planning to operate at 50% of its originally published capacity in July 2020. This marks a recovery from lower operational levels of 12% in May and 35% in June 2020. The airline is implementing biosecurity measures to ensure passenger safety. However, the company has clarified that past performance does not guarantee future results.