Controladora Vuela Compania de Aviacion, S.A.B. de C.V. Stock Price, News & Analysis

Volaris (NYSE: VLRS) reported strong preliminary traffic results for January 2022, showcasing a 45.4% YoY increase in demand and a 32.2% YoY rise in capacity. The load factor improved to 81.3%, indicating efficient operations. The airline transported 2.3 million passengers, marking a 48.7% increase YoY. Despite strong demand, Volaris reduced its ASMs by 1.5% in response to the Omicron variant. Q1 2022 ASMs are expected to remain flat compared to Q4 2021, projecting 50% ASM growth versus Q1 2021.

Controladora Vuela Compañía de Aviación (NYSE: VLRS) will release its Q4 and full-year 2021 earnings on February 24, 2022, after market close. A conference call to discuss the results is scheduled for February 25, 2022, at 9:00 a.m. CT. The event will be hosted by key executives including Enrique Beltranena, CEO, and Jaime Pous, CFO. The call will be accessible via dial-in and webcast. Volaris operates as an ultra-low-cost carrier across North and South America, boasting a fleet of 102 aircraft and over 185 routes.

Volaris (NYSE: VLRS) reported strong performance in December 2021, with passenger demand increasing by 34.9% domestically and 10.8% internationally compared to December 2019. The airline transported 2.6 million passengers, 31% higher than pre-pandemic levels. Capacity increased by 35.5% domestically and 20.8% internationally, achieving a load factor of 85.9%. For Q1 2022, Volaris expects a 3% ASM growth compared to Q4 2021, reflecting strong demand, but plans to adjust capacity if needed due to Omicron variant concerns.

Volaris (NYSE: VLRS) reported strong preliminary traffic results for November 2021, highlighting a 30.4% increase in domestic passenger demand and a 14.2% rise in international markets, compared to November 2019. The airline transported 2.4 million passengers, up 27% from pre-pandemic levels. Capacity increased 29.9% domestically and 18.0% internationally, maintaining a high load factor of 88.5%.

Volaris (NYSE: VLRS) announced a significant order for 39 A321neo aircraft from Airbus on November 15, 2021, aimed at bolstering its growth strategy for the second half of the decade. This acquisition is part of a broader agreement securing a total of 255 aircraft in collaboration with other airlines, including Wizz Air and Frontier. Additionally, Volaris will convert 20 aircraft from its existing order from A320neo to A321neo. This move supports Volaris's position as a leading ultra-low-cost carrier in Mexico and beyond.

Volaris (NYSE: VLRS), the ultra-low-cost airline, reported a strong recovery in October 2021, with domestic passenger demand increasing by 26.2% and international demand rising 23.9% compared to October 2019. The company transported 2.3 million passengers, reflecting a 22% year-over-year increase. Volaris expanded its capacity, raising ASMs domestically by 24.9% and internationally by 24.7%, achieving a high load factor of 86.3%. New routes were inaugurated, enhancing network connectivity in the region.

Controladora Vuela Compañía de Aviación (VLRS) reported robust Q3 2021 results, with total operating revenue reaching Ps.12,804 million, a 35% increase from Q3 2019. EBITDAR rose by 59% to Ps.5,235 million, with a margin of 40.9%. The airline carried 6.7 million passengers, an 18% increase, and maintained a load factor of 85.4%. Despite higher operating expenses of Ps.9,682 million (up 24%), net income doubled to Ps.1,515 million, marking an 11.8% net margin. Volaris expects strong capacity growth of 26-29% in Q4 2021, with a focus on maintaining financial stability amidst pandemic challenges.

On October 13, 2021, Volaris (NYSE: VLRS) announced the successful completion of an offering of 15 million asset-backed trust notes, totaling $1.5 billion pesos. These notes, designated as VOLATRCB 21L, are backed by future collection rights from credit card ticket sales. Rated 'HR AA (E)' and 'AA+/M(e)' by leading agencies, they have a five-year maturity and an interest rate of TIIE + 200 basis points. This represents the second offering under a program approved for up to $3 billion pesos.

On October 5, 2021, Volaris (NYSE: VLRS) announced its preliminary traffic results for September 2021. The airline experienced a 21.0% increase in domestic passenger demand and an 18.9% rise in international demand compared to September 2019. Volaris transported 2.1 million passengers, marking an 18% increase from pre-pandemic levels. Capacity increased by 22.2% domestically and 21.7% internationally, achieving a load factor of 81.8%.