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 (VLRS), operating as Volaris, maintains its position as Mexico's leading ultra-low-cost carrier through strategic route expansion and cost-efficient operations. This dedicated news hub provides investors and industry observers with essential updates about the airline's financial performance, operational milestones, and market strategies.
Access timely updates including quarterly earnings reports, fleet expansion announcements, partnership developments, and regulatory filings. Our curated collection ensures you stay informed about key initiatives affecting VLRS's position in competitive aviation markets across Mexico, the United States, and Latin America.
Discover official statements regarding new route launches, maintenance program updates, and leadership decisions. The resource prioritizes factual reporting on fare structure adjustments, cargo service expansions, and sustainability efforts without speculative commentary.
Bookmark this page for continuous access to Volaris's verified corporate communications. Combine regular check-ins with our analysis tools to monitor how operational developments correlate with market performance in the dynamic budget air travel sector.
Volaris, the ultra-low-cost carrier serving Mexico, the United States, Central, and South America, reported its July 2024 preliminary traffic results. Key highlights include:
- ASM capacity decreased by 15.0% year-over-year due to accelerated Pratt & Whitney engine inspections and aircraft groundings
- Load factor increased by 2.0 pp YoY to 89.8%
- RPMs decreased by 13.0%
- Mexican domestic RPMs decreased by 20.0%, while international RPMs increased by 1.0%
- Transported 2.7 million passengers during the month
The company's strategic fleet mitigation plan is on track, with a well-balanced market mix and increased presence in the cross-border market, strengthening unit revenues. Booking curves indicate robust performance for the summer high season.
Volaris reported its Q2 2024 financial results, showing a net income of $10 million and earnings per ADS of $9 cents. Despite a 17% decrease in capacity due to aircraft groundings, the company achieved its highest absolute EBITDAR for a second quarter. Key highlights include:
- Total operating revenue of $726 million, down 7.2% YoY
- TRASM increased 12% to $8.89 cents
- EBITDAR of $261 million, up 23% YoY
- EBITDAR margin of 35.9%, an increase of 8.8 percentage points
- Net debt-to-LTM EBITDAR ratio decreased to 2.9x
The company improved its full-year ASM guidance to -14% and expects Q3 2024 TRASM of ~$9.3 cents with an EBITDAR margin of ~33%.
Volaris, an ultra-low-cost carrier, reported its June 2024 traffic results. The company's ASM capacity fell by 13.7% year-over-year due to Pratt & Whitney engine inspections and aircraft groundings.
Despite this, Volaris saw a load factor increase of 2.2 percentage points to 85.6%. RPMs decreased by 11.4%, with domestic RPMs down by 16.2% and international RPMs by 1.8%.
The airline transported 2.4 million passengers in June 2024. CEO Enrique Beltranena noted that the fleet mitigation plan is effective, with strong demand in the domestic market and maturing capacity in the international market.
For the year-to-date (YTD) June 2024, total RPMs were down by 13.9%, ASMs by 15.3%, and passengers by 15.4% compared to YTD June 2023.
Volaris, an ultra-low-cost airline, reported its May 2024 traffic results. The airline's capacity, measured in available seat miles (ASM), dropped by 17.5% year-over-year due to accelerated Pratt & Whitney engine inspections and subsequent aircraft groundings. Despite this, the load factor improved by 1.6 percentage points to 86.1%, indicating efficient utilization of available seats. Revenue passenger miles (RPMs) saw a year-over-year decrease with domestic RPMs falling by 22.0% and international RPMs by 3.6%. Volaris transported 2.4 million passengers in May 2024, a 14.8% decline from the previous year. CEO Enrique Beltranena emphasized strategic adjustments to the domestic network and growth in the U.S.-Mexico market, noting that international operations now account for over 40% of total capacity. He also highlighted promising booking trends for the second quarter.
Volaris, an ultra-low-cost carrier, reported its April 2024 traffic results with an 85% load factor. The ASM capacity decreased by 20.4% year-over-year due to engine inspections. RPMs declined, resulting in a load factor decrease impacted by the Easter holiday shift. The domestic RPMs decreased by 28.1%, while international RPMs decreased by 6.3%. Volaris transported 2.3 million passengers in April.
Volaris celebrates the reactivation of the codeshare agreement with Frontier Airlines, allowing Frontier customers access to over 40 destinations in Mexico. This partnership enhances travel options for both airlines and passengers, reinforcing Volaris' commitment to operational efficiency and a wide range of destinations.
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