Volaris Reports May 2024 Traffic Results: 86% Load Factor
June 06 2024 - 7:42PM
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
May 2024 preliminary
traffic results.
In May 2024, Volaris' ASM capacity decreased by
17.5% year-over-year due to the accelerated Pratt & Whitney
engine inspections and the resulting aircraft groundings. However,
load factor increased by 1.6 pp YoY to 86.1%, as RPMs decreased by
less than capacity. Mexican domestic RPMs decreased by 22.0%, while
international RPMs decreased by 3.6%. Volaris transported 2.4
million passengers during the month.
Enrique Beltranena, Volaris’ President,
and CEO said: “Despite limitations in capacity growth due
to fleet availability, we have successfully increased capacity in
the U.S.-Mexico transborder market while optimizing our entire
network. The international market now represents over 40% of our
total capacity, leveraging our ability to generate US dollar sales.
Further, our strategic adjustments to the domestic network are
yielding promising results. Booking trends for the remainder of the
second quarter are meeting our expectations and showing robust
performance.”
|
May 2024 |
May 2023 |
Variance |
YTD May 2024 |
YTD May 2023 |
Variance |
RPMs
(million, scheduled & charter) |
|
|
|
|
|
|
Domestic |
1,469 |
|
1,883 |
|
-22.0% |
|
7,211 |
|
9,395 |
|
-23.2% |
|
International |
890 |
|
924 |
|
-3.6% |
|
4,538 |
|
4,330 |
|
4.8% |
|
Total |
2,360 |
|
2,807 |
|
-15.9% |
|
11,749 |
|
13,725 |
|
-14.4% |
|
ASMs (million, scheduled & charter) |
|
|
|
|
|
|
Domestic |
1,626 |
|
2,211 |
|
-26.5% |
|
7,962 |
|
11,003 |
|
-27.6% |
|
International |
1,114 |
|
1,109 |
|
0.4% |
|
5,642 |
|
5,130 |
|
10.0% |
|
Total |
2,739 |
|
3,320 |
|
-17.5% |
|
13,604 |
|
16,133 |
|
-15.7% |
|
Load Factor (%, scheduled, RPMs/ASMs) |
|
|
|
|
|
|
Domestic |
90.4% |
|
85.2% |
|
5.2 pp |
|
90.6% |
|
85.4% |
|
5.2 pp |
|
International |
79.9% |
|
83.3% |
|
(3.4) pp |
|
80.4% |
|
84.4% |
|
(4.0) pp |
|
Total |
86.1% |
|
84.5% |
|
1.6 pp |
|
86.4% |
|
85.1% |
|
1.3 pp |
|
Passengers (thousand, scheduled &
charter) |
|
|
|
|
|
|
Domestic |
1,797 |
|
2,186 |
|
-17.8% |
|
8,498 |
|
10,894 |
|
-22.0% |
|
International |
603 |
|
630 |
|
-4.3% |
|
3,104 |
|
2,988 |
|
3.9% |
|
Total |
2,400 |
|
2,816 |
|
-14.8% |
|
11,602 |
|
13,882 |
|
-16.4% |
|
|
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 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.
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 ContactRicardo 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 197 and its fleet from
4 to 134 aircraft. Volaris offers more than 460 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.
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