Volaris Reports December 2024 Traffic Results: Load Factor of 88%
Rhea-AI Summary
Volaris (NYSE: VLRS) has released its December 2024 traffic results, reporting a load factor of 87.6%, representing a 2.2 percentage point increase from the previous year. The airline transported 2.8 million passengers during December, while experiencing a 4.5% year-over-year decrease in ASM capacity due to Pratt & Whitney engine inspections.
The company's RPMs declined by 2.1% overall, with domestic RPMs down 8.3% while international RPMs grew by 9.0%. Despite challenges, Volaris achieved a 99% completion rate for the full year. The airline is seeing network stability and the return of aircraft that completed engine inspections, though some ASM production fluctuations are expected as inspections continue.
For the full year 2024, Volaris recorded total RPMs of 29,505 million (-11.8% YoY) and ASMs of 33,990 million (-12.6% YoY), maintaining an overall load factor of 86.8%, up 0.8 percentage points from 2023.
Positive
- Load factor increased by 2.2 pp to 87.6%
- International RPMs grew by 9.0%
- International passenger traffic increased by 10.1%
- 99% flight completion rate achieved for full year
- Network showing stability after engine inspections
Negative
- Overall ASM capacity decreased by 4.5% YoY
- Total RPMs declined by 2.1%
- Domestic RPMs decreased by 8.3%
- Total passenger count dropped by 1.9%
- YTD total RPMs down 11.8%
- YTD total ASMs decreased 12.6%
News Market Reaction – VLRS
On the day this news was published, VLRS gained 1.88%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
MEXICO CITY, Jan. 08, 2025 (GLOBE NEWSWIRE) -- Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE: VLRS and BMV: VOLAR) (“Volaris” or “the Company”), the ultra-low-cost carrier (ULCC) serving Mexico, the United States, Central and South America, reports its December 2024 preliminary traffic results.
In December, Volaris' ASM capacity decreased by
Enrique Beltranena, Volaris’ President and CEO, said: “We are pleased with the execution of our strategy and continue to prioritize the operational performance and network stability as we work through the Pratt & Whitney required engine inspections. We remain committed to high levels of customer satisfaction and operational excellence, reinforcing Volaris as the preferred airline in its core markets. As a result of the hard work of our ambassadors, we delivered a
| December 2024 | December 2023 | Variance | YTD December 2024 | YTD December 2023 | Variance | |||||||
| RPMs (million, scheduled & charter) | ||||||||||||
| Domestic | 1,658 | 1,809 | - | 18,161 | 22,422 | - | ||||||
| International | 1,112 | 1,020 | 11,344 | 11,027 | ||||||||
| Total | 2,770 | 2,829 | -2.1% | 29,505 | 33,449 | -11.8% | ||||||
| ASMs (million, scheduled & charter) | ||||||||||||
| Domestic | 1,820 | 2,025 | - | 20,030 | 25,630 | - | ||||||
| International | 1,340 | 1,286 | 13,960 | 13,260 | ||||||||
| Total | 3,161 | 3,311 | -4.5% | 33,990 | 38,890 | -12.6% | ||||||
| Load Factor (%, RPMs/ASMs) | ||||||||||||
| Domestic | 91.1 | % | 89.3 | % | 1.8 pp | 3.2 pp | ||||||
| International | 82.9 | % | 79.3 | % | 3.7 pp | (1.9) pp | ||||||
| Total | 87.6 | % | 85.4 | % | 2.2 pp | 86.8% | 86.0% | 0.8 pp | ||||
| Passengers (thousand, scheduled & charter) | ||||||||||||
| Domestic | 1,984 | 2,108 | - | 21,705 | 25,909 | - | ||||||
| International | 777 | 706 | 7,768 | 7,588 | ||||||||
| Total | 2,761 | 2,813 | -1.9% | 29,473 | 33,497 | -12.0% | ||||||
The information included in this report has not been audited and does not provide information on the Company’s future performance. Volaris’ future performance depends on several factors. It cannot be inferred that any period’s performance or its comparison year-over-year will indicate a similar performance in the future. Figures are rounded for convenience purposes.
Glossary
Revenue passenger miles (RPMs): Number of seats booked by passengers multiplied by the number of miles flown.
Available seat miles (ASMs): Number of seats available for passengers multiplied by the number of miles flown.
Load factor: RPMs divided by ASMs and expressed as a percentage.
Passengers: The total number of passengers booked on all flight segments.
Investor Relations Contact
Ricardo Martínez / ir@volaris.com
Media Contact
Israel Álvarez / ialvarez@gcya.net
About Volaris
*Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (“Volaris” or “the Company”) (NYSE: VLRS and BMV: VOLAR) is an ultra-low-cost carrier, with point-to-point operations, serving Mexico, the United States, Central, and South America. Volaris offers low base fares to build its market, providing quality service and extensive customer choice. Since the beginning of operations in March 2006, Volaris has increased its routes from 5 to more than 221 and its fleet from 4 to 143 aircraft. Volaris offers more than 500 daily flight segments on routes that connect 44 cities in Mexico and 29 cities in the United States, Central, and South America, with one of the youngest fleets in Mexico. Volaris targets passengers who are visiting friends and relatives, cost-conscious business and leisure travelers in Mexico, the United States, Central, and South America. Volaris has received the ESR Award for Social Corporate Responsibility for fifteen consecutive years. For more information, please visit ir.volaris.com. Volaris routinely posts information that may be important to investors on its investor relations website. The Company encourages investors and potential investors to consult the Volaris website regularly for important information about Volaris.
FAQ
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