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 April 27, 2022, Volaris (NYSE: VLRS) reported the outcomes of its general ordinary annual shareholders meeting held on April 26. The meeting authorized all agenda items, including the approval of financial statements for the fiscal year ending December 31, 2021, which revealed a net profit of MXN$2.12 billion. Furthermore, it was decided that no funds would be allocated for share buybacks in 2022. Key board members were ratified, and resolutions concerning compensation for directors and committee members were also approved.
On April 26, 2022, Volaris (NYSE: VLRS) filed its annual report on Form 20-F for the fiscal year ending December 31, 2021, with the SEC. The report details Volaris' significant growth since its inception in March 2006, expanding its routes from 5 to over 188 and its fleet from 4 to 105 aircraft. The airline operates more than 500 daily flights connecting Mexico, the United States, and Central and South America. Shareholders can access the report via the SEC website or request a hard copy from Investor Relations.
Controladora Vuela Compañía de Aviación (NYSE: VLRS) has rescheduled its conference call to discuss first-quarter 2022 results for April 28, 2022, at 10:00 a.m. CT. This adjustment avoids conflict with another airline's call. Volaris will issue its earnings release after market close on April 27, 2022. Participants should connect 10 minutes early to ensure attendance. The call will also be accessible via webcast and replay afterward through the Company's Investor Relations website.
Volaris (NYSE: VLRS) has announced a summons for its general ordinary annual shareholders' meeting scheduled for April 26, 2022, in Mexico City. This meeting is mandatory under Mexican law for discussing corporate matters. The agenda includes the approval of financial statements for the fiscal year ending December 31, 2021, allocation of results, appointments of board members, and compensation resolutions. Shareholders must register to attend and comply with specific requirements to ensure their participation. Health protocols will be observed due to COVID-19.
CDB Aviation has entered a sale and leaseback agreement with Volaris for five Airbus aircraft, increasing the leased fleet to thirteen. The deal includes two A320neos and three A321neos, with four already delivered and nine expected by Q4 2024. This collaboration supports Volaris' growth and sustainability strategy, aligning with their goal of maintaining a young, fuel-efficient fleet. The partnership aims to enhance operational performance in the competitive Mexican market.
Volaris (NYSE: VLRS) reported a significant increase in traffic for March 2022, with capacity up by 61.2% YoY and demand rising 60.4% YoY. The airline transported 2.5 million passengers, a 61.8% increase from the previous year. Domestic and international passenger demand surged by 45.6% and 123.0%, respectively. For Q1 2022, Volaris' capacity rose 49.8% YoY with a load factor of 83.5%, reflecting strong performance in matching capacity to demand despite rising fuel costs. The average fuel price increased by 69.8% to $3.60 per gallon.
Controladora Vuela Compañía de Aviación (NYSE: VLRS) will release its Q1 2022 earnings results on April 27, 2022, after market close. A conference call will follow on April 28, 2022, at 9:00 a.m. CT (10:00 a.m. ET) to discuss the results. Interested parties can connect via dedicated dial-in numbers provided in the release. Volaris has been operating since March 2006 and now offers over 500 daily flights connecting 44 cities in Mexico and 27 in the Americas. For more details, the release is available on their website.
On March 3, 2022, Volaris (NYSE: VLRS) reported significant traffic results for February 2022, highlighting an 80.8% year-over-year increase in demand and an 86.7% rise in passenger numbers, totaling 2.1 million. Capacity (measured in ASMs) surged by 62.0% YoY, leading to a load factor of 82.7%. Domestic passenger demand rose by 64.7%, while international demand skyrocketed by 149.8%. The company anticipates flat ASMs for Q1 2022 compared to Q4 2021 but expects around 50% ASM growth versus Q1 2021, indicating strong market demand.
Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE: VLRS) reported strong financial results for Q4 and full-year 2021, demonstrating a disciplined growth strategy. Q4 operating revenue rose 43% to Ps.13,954 million, while EBITDAR increased 45% to Ps.5,161 million. Adjusted net income, excluding a one-time charge, surged 21% to Ps.1,559 million. Despite a net loss of Ps.200 million due to a non-cash charge, the company maintained a cash position of Ps.15,255 million. For 2022, Volaris anticipates capacity growth in the mid-twenties and operating revenue of US$2.6 to US$2.8 billion.
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.
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