Volaris Reports March 2026 Traffic Results: Load Factor of 85%

Volaris (NYSE: VLRS) reported March 2026 preliminary traffic: consolidated load factor 84.7%, ASMs +1.5% and RPMs +1.9% year-over-year.

Rhea-AI Summary

Volaris (NYSE: VLRS) reported March 2026 preliminary traffic: consolidated load factor 84.7%, ASMs +1.5% and RPMs +1.9% year-over-year. The carrier flew 2.7 million passengers in March. Domestic RPMs fell 3.9% while international RPMs rose 11.5% for the month.

Management cited strong Spring demand but noted pressure from higher jet fuel prices and said targeted capacity and fare actions may follow, with details at the first-quarter earnings call.

Positive

• Consolidated load factor increased by 0.3 pp to 84.7%
• Total RPMs grew 1.9% YoY in March 2026
• International RPMs rose 11.5% YoY in March 2026
• Total passengers of 2.7 million in March 2026
• Total ASMs increased 1.5% YoY in March 2026

Negative

• Domestic RPMs declined by 3.9% YoY in March 2026
• Domestic ASMs fell by 5.1% YoY in March 2026
• YTD consolidated load factor down 0.4 pp to 85.0%
• Management cited higher jet fuel prices as a near-term headwind

Argus Apr 8 session

+12.24% close to close Open Argus

Details

News Market Reaction – VLRS

In the Apr 8 session, VLRS gained 12.24%, reflecting a significant positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

The stock surged +12.2% in the session following this news. A strong positive reaction aligns with s...

Analysis

The stock surged +12.2% in the session following this news. A strong positive reaction aligns with steady operational trends in recent traffic updates, where RPMs and ASMs have shown modest growth and load factors remained in the mid‑80s. However, prior earnings included a full‑year net loss, which highlighted profitability risk. If the move were large, investors would need to weigh sustained demand against exposure to fuel costs and any future capacity or pricing adjustments mentioned for upcoming periods.

Key Figures

ASM growth: 1.5% RPM growth: 1.9% Domestic RPM change: (3.9%) +5 more

ASM growth

1.5%

March 2026 capacity vs prior year

RPM growth

1.9%

March 2026 demand vs prior year

Domestic RPM change

(3.9%)

Mexican domestic RPMs March 2026 vs prior year

International RPM change

11.5%

International RPMs March 2026 vs prior year

Consolidated load factor

84.7%

March 2026, up 0.3 pp YoY

Passengers

2.7 million

Passengers transported in March 2026

Domestic load factor

90.5%

March 2026 domestic network

Total RPMs YTD

7,601 million

YTD through March 2026

Historical Context

5 past events · Latest: Mar 10

5 events

1. Mar 10

   Traffic update

   24h Move

   +6.5%

   February 2026 traffic with higher load factor and 2.3M passengers.

2. Feb 24

   Earnings release

   24h Move

   -6.7%

   Q4 2025 results with net loss for full year and 2026 guidance.

3. Feb 24

   Operations update

   24h Move

   +1.6%

   Confirmation of normal operations at Guadalajara and Puerto Vallarta.

4. Feb 09

   Traffic update

   24h Move

   +0.2%

   January 2026 traffic with modest RPM growth and flat load factor.

5. Jan 08

   Traffic update

   24h Move

   +2.8%

   December 2025 traffic showing ASM and RPM growth with 3.0M passengers.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

ultra-low-cost carrier, revenue passenger miles (rpms), available seat miles (asms), load factor

4 terms

ultra-low-cost carrier financial

"the ultra-low-cost carrier (ULCC) serving Mexico, the United States"

An ultra-low-cost carrier is an airline that offers very inexpensive ticket prices by minimizing additional services and cutting costs wherever possible. This business model appeals to budget-conscious travelers and can influence the airline industry’s competitiveness and profitability, making it an important consideration for investors monitoring market trends and consumer preferences.

revenue passenger miles (rpms) technical

"Revenue passenger miles (RPMs): Number of seats booked by passengers"

Revenue passenger miles (RPMs) measure the total distance traveled by paying airline passengers, calculated by multiplying each passenger by the miles they fly and adding them up. Think of it like tracking the total miles driven by all paying riders in a taxi fleet. Investors watch RPMs because they show actual travel demand and help estimate future ticket revenue, capacity use, and how well an airline fills its flights.

available seat miles (asms) technical

"Available seat miles (ASMs): Number of seats available for passengers"

Available seat miles (ASMs) measure an airline’s passenger-carrying capacity by multiplying the number of seats available on each flight by the distance those seats are flown. Investors use ASMs to gauge how much travel capacity an airline is offering—similar to counting how many bus seats are available and how far each bus goes—to compare growth, efficiency and how well an airline fills that capacity when combined with passenger demand metrics.

load factor technical

"Load factor: RPMs divided by ASMs and expressed as a percentage."

Load factor is a measure of how efficiently a transportation service, such as a plane, train, or bus, fills its available seats or space over a period of time. It is calculated by dividing the actual number of passengers or usage by the total available capacity. A higher load factor indicates better utilization, which can lead to more profitable operations and is important for investors assessing the efficiency and profitability of transportation companies.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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MEXICO CITY, April 08, 2026 (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 March 2026 preliminary traffic results.

In March, Volaris’ ASM capacity increased 1.5%, while RPMs for the month grew 1.9%. Mexican domestic RPMs declined 3.9%, while international RPMs increased 11.5%. Consolidated load factor increased by 0.3 percentage points year-over-year to 84.7%. During the month, Volaris transported 2.7 million passengers.

Enrique Beltranena, Volaris’ President and CEO, said: “During March, we continued to see solid demand across both domestic and international markets, including the shoulder season leading into Semana Santa and spring break travel periods. While demand for travel this Spring remains strong, we are closely monitoring the impact of higher jet fuel prices and will implement targeted capacity adjustments and gradual fare and ancillary increases as necessary. We will provide further details on these actions during our first-quarter earnings call.”

	Mar 2026		Mar 2025		Variance		YTD Mar 2026		YTD Mar 2025		Variance
RPMs (million, scheduled & charter)
Domestic	1,535		1,596		(3.9%)		4,383		4,536		(3.4%)
International	1,074		964		11.5%		3,219		2,926		10.0%
Total	2,609		2,560		1.9%		7,601		7,462		1.9%
ASMs (million, scheduled & charter)
Domestic	1,695		1,786		(5.1%)		4,922		5,108		(3.6%)
International	1,384		1,248		11.0%		4,018		3,629		10.7%
Total	3,080		3,034		1.5%		8,940		8,737		2.3%
Load Factor (%, RPMs/ASMs)
Domestic	90.5%		89.4%		1.1 pp		89.0%		88.8%		0.2 pp
International	77.6%		77.2%		0.4 pp		80.1%		80.6%		(0.5) pp
Total	84.7%		84.4%		0.3 pp		85.0%		85.4%		(0.4) pp
Passengers (thousand, scheduled & charter)
Domestic	1,965		1,932		1.7%		5,513		5,408		1.9%
International	747		663		12.7%		2,237		2,010		11.3%
Total	2,712		2,595		4.5%		7,750		7,418		4.5%

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 performance or its year-over-year comparison 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.

VFR: Visiting friends and relatives.

Investor Relations Contact
Liliana Juárez / ir@volaris.com

Media Contact
Ricardo Flores / rflores@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 255 and its fleet from 4 to 155 aircraft. Volaris offers around 500 daily flight segments on routes that connect 46 cities in Mexico and 30 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. 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

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What were Volaris (VLRS) March 2026 load factor and passenger totals?

Volaris reported a consolidated load factor of 84.7% and 2.7 million passengers in March 2026. According to the company, load factor improved 0.3 percentage points year-over-year while total passengers rose 4.5% versus March 2025.

How did Volaris (VLRS) March 2026 international RPMs perform?

International RPMs increased 11.5% year-over-year in March 2026. According to the company, international capacity (ASMs) also rose about 11.0%, supporting stronger cross-border demand during the period.

Why did Volaris (VLRS) report lower domestic RPMs in March 2026?

Domestic RPMs fell 3.9% year-over-year in March 2026, reflecting lower domestic demand or network adjustments. According to the company, domestic ASMs were reduced by 5.1% in the month, which affected domestic traffic volumes.

Will Volaris (VLRS) change capacity or fares because of fuel costs?

Yes—management said it will implement targeted capacity adjustments and gradual fare and ancillary increases as necessary. According to the company, higher jet fuel prices are being closely monitored and may prompt those actions.

How did Volaris (VLRS) overall ASMs change in March 2026?

Total ASMs increased 1.5% year-over-year in March 2026. According to the company, the gain reflects a double-digit international ASM increase offsetting a domestic ASM decline of 5.1%.

What impact do March 2026 traffic results have on Volaris (VLRS) near-term outlook?

The results show solid demand but cost pressure from fuel, implying cautious near-term outlook. According to the company, further details on capacity and fare actions will be provided at the first-quarter earnings call.