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 August 2023 preliminary traffic results.

In August 2023, Volaris’ capacity (measured in ASMs) increased by 11.4% year-over-year, while demand (measured in RPMs) increased by 14.3%; the result was a load factor increase of 2.3 pp YoY to 87.2%. Volaris transported 3.1 million passengers during the month, a 12.9% increase compared to August 2022. Demand in the Mexican domestic and international markets increased by 8.9% and 28.0%, respectively.

Enrique Beltranena, Volaris’ President and CEO, said: “In August 2023, Volaris carried its greatest number of passengers in a single month. Our strategic adjustments to the domestic network have yielded positive results, particularly in RPMs. Looking forward, the demand in all our markets remains robust. Additionally, our international markets continue to exhibit notable strength.”

  Aug 2023 Aug 2022 Variance YTD Aug 2023 YTD Aug 2022 Variance
RPMs (million, scheduled & charter)            
Domestic 2,097   1,925   8.9 % 15,360   14,003   9.7 %
International 972   760   28.0 % 7,222   5,385   34.1 %
Total 3,069   2,684   14.3 % 22,582   19,388   16.5 %
ASMs (million, scheduled & charter)            
Domestic 2,348   2,204   6.5 % 17,851   16,048   11.2 %
International 1,173   957   22.5 % 8,558   6,865   24.7 %
Total 3,521   3,162   11.4 % 26,409   22,913   15.3 %
Load Factor (%, scheduled, RPMs/ASMs)            
Domestic 89.3 % 87.3 % 2.0 pp 86.0 % 87.3 % (1.2) pp
International 82.9 % 79.3 % 3.5 pp 84.4 % 78.4 % 5.9 pp
Total 87.2 % 84.9 % 2.3 pp 85.5 % 84.6 % 0.9 pp
Passengers (thousand, scheduled & charter)            
Domestic 2,418   2,211   9.4 % 17,732   16,223   9.3 %
International 662   518   27.8 % 4,968   3,789   31.1 %
Total 3,080   2,729   12.9 % 22,701   20,012   13.4 %

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 many factors. It cannot be inferred that any period’s performance or its comparison year over year will indicate a similar performance in the future.

Glossary

Revenue passenger miles (RPMs): Number of seats flown by passengers multiplied by the number of miles the seats are flown.

Available seat miles (ASMs): Number of seats available for passengers multiplied by the number of miles the seats are flown.

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

Passengers: The total number of passengers booked on all flight segments.

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 245 and its fleet from 4 to 124 aircraft. Volaris offers more than 550 daily flight segments on routes that connect 43 cities in Mexico and 28 cities in the United States, Central, and South America, with the youngest fleet 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 fourteen consecutive years. For more information, please visit ir.volaris.com.

Investor Relations ContactRicardo Martínez / ir@volaris.comMedia ContactIsrael Álvarez / ialvarez@gcya.net

Volaris Aviation (NYSE:VLRS)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more Volaris Aviation Charts.
Volaris Aviation (NYSE:VLRS)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more Volaris Aviation Charts.