Volaris Reports June 2024 Traffic Results: 86% Load Factor
July 08 2024 - 9:35AM
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
June 2024 preliminary
traffic results.
In June 2024, Volaris' ASM capacity decreased by
13.7% year-over-year due to the accelerated Pratt & Whitney
engine inspections and the resulting aircraft groundings. Load
factor in the month increased by 2.2 pp YoY to 85.6%, as RPMs only
decreased by 11.4%. Mexican domestic RPMs decreased by 16.2%, while
international RPMs decreased by 1.8%. Volaris transported 2.4
million passengers during the month.
Enrique Beltranena, Volaris’ President
and CEO said: "Our fleet mitigation plan is on track and
yielding positive results. As part of this plan, we reduced
capacity in the Mexican domestic market and reallocated it to the
international market, resulting in an overall capacity reduction of
around 14% in June. Demand in the domestic market remains strong,
and our capacity in the international market continues to mature
with a well-balanced market mix aimed at maximizing profitability.
Looking ahead, our booking trends for the summer high season are
showing robust performance, in line with our expectations in both
markets."
|
June 2024 |
June 2023 |
Variance |
YTD June 2024 |
YTD June 2023 |
Variance |
RPMs
(million, scheduled & charter) |
|
|
|
|
|
|
Domestic |
1,506 |
1,797 |
-16.2% |
8,717 |
11,191 |
-22.1% |
International |
879 |
895 |
-1.8% |
5,417 |
5,226 |
3.7% |
Total |
2,385 |
2,692 |
-11.4% |
14,134 |
16,417 |
-13.9% |
ASMs (million, scheduled & charter) |
|
|
|
|
|
|
Domestic |
1,674 |
2,148 |
-22.1% |
9,636 |
13,151 |
-26.7% |
International |
1,112 |
1,081 |
2.9% |
6,754 |
6,211 |
8.7% |
Total |
2,786 |
3,229 |
-13.7% |
16,390 |
19,362 |
-15.3% |
Load Factor (%, RPMs/ASMs) |
|
|
|
|
|
|
Domestic |
89.9% |
83.6% |
6.3 pp |
90.5% |
85.1% |
5.4 pp |
International |
79.1% |
82.9% |
(3.8) pp |
80.2% |
84.1% |
(3.9) pp |
Total |
85.6% |
83.4% |
2.2 pp |
86.2% |
84.8% |
1.4 pp |
Passengers (thousand, scheduled &
charter) |
|
|
|
|
|
|
Domestic |
1,811 |
2,064 |
-12.3% |
10,309 |
12,958 |
-20.4% |
International |
598 |
614 |
-2.6% |
3,702 |
3,601 |
2.8% |
Total |
2,408 |
2,677 |
-10.1% |
14,010 |
16,559 |
-15.4% |
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 ContactIsrael 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 203 and its fleet from
4 to 136 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.
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