MEXICO CITY, April 14, 2021 /PRNewswire/ -- Volaris*
(NYSE: VLRS and BMV: VOLAR), the ultra-low-cost airline serving
Mexico, the United States and Central
America, today announces additional liquidity preservation
measures.
Since the COVID-19 pandemic started, the Company has implemented
multiple actions under a "liquidity preservation plan", with
significant results achieved during 2020.
In the first quarter of 2021, the focus has been to combine
further payment deferrals with an optimization of the fleet plan
for the post COVID-19 traffic requirements.
During the first quarter, the Company targeted an additional
working capital relief of US$100M. As of today, Volaris has achieved
agreements for US$87M.
The Company is also working on other fleet related initiatives
aimed to improve its competitive position by yielding additional
liquidity preservation as well as further reducing the total cost
of the fleet.
The information included in this report has not been audited
and it does not provide information on the company's future
performance. Volaris' future performance depends on many factors
and it cannot be inferred that any period's performance or its
comparison year over year will be an indicator of a similar
performance in the future.
About Volaris:
*("Volaris" or the "Company") (NYSE:
VLRS and BMV: VOLAR), is an ultra-low-cost carrier (ULCC), with
point-to-point operations, serving Mexico, the United
States and Central America.
Volaris offers low base fares to build its market, providing
quality service and extensive customer choice. Since beginning
operations in March 2006, Volaris has
increased its routes from five to 170 and its fleet from four to 87
aircraft. Volaris offers more than 410 daily flight segments on
routes that connect 43 cities in Mexico and 25 cities in the United States with one of the youngest
fleet in The Americas. Volaris targets passengers who are visiting
friends and relatives, cost-conscious business and leisure
travelers in Mexico and in
selected destinations in the United
States and Central America.
Volaris has received the ESR Award for Social Corporate
Responsibility for eleven consecutive years. For more information,
please visit: www.volaris.com.
Investor Relations contact: María Elena Rodríguez /
Investor Relations / ir@volaris.com / +52 55 5261 6444
Media contact: Gabriela Fernández / volaris@gcya.mx / +52
55 5246 0100
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SOURCE Volaris