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MEXICO CITY, Nov. 07, 2024 (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 October 2024 preliminary traffic results.
In October, Volaris' ASM capacity decreased by 6.8% year-over-year due to the Pratt & Whitney engine inspections offset by fewer aircraft groundings following the return of the initial batch of inspected engines. Volaris transported 2.5 million passengers during the month with a load factor of 87.4%, a 2.1 pp decrease from last year. RPMs for the month declined by 9.0%, with Mexican domestic RPMs down 14.4% and international RPMs up 1.5%. When comparing year-over-year RPMs and load factor results it is useful to note that our 2023 figures were impacted by the accelerating engine inspections. Last year, we had to reduce operations as engines temporarily left our fleet; today, we are gradually adding capacity as engines and aircraft return.
Enrique Beltranena, Volaris’ President and CEO, said: “In line with the main message from our earnings call – sustained profitability driven by prudent capacity recovery and aggressive cost management – October figures are tracking well, showing strong demand across our markets, with consistently high load factors. Looking ahead, booking trends remain robust through the holiday high season, in line with our guidance.”
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| October 2024 | October 2023 | Variance | YTD October 2024 | YTD October 2023 | Variance | |||||||
| RPMs (million, scheduled & charter) |
|
|
|
|
|
| |||||||
| Domestic | 1,549 |
| 1,811 |
| -14.4% | 14,949 |
| 18,876 |
| -20.8% | |||
| International | 959 |
| 945 |
| 1.5% | 9,269 |
| 9,041 |
| 2.5% | |||
| Total | 2,509 |
| 2,756 |
| -9.0% | 24,217 |
| 27,917 |
| -13.3% | |||
| ASMs (million, scheduled & charter) |
|
|
|
|
|
| |||||||
| Domestic | 1,685 |
| 1,940 |
| -13.1% | 16,522 |
| 21,738 |
| -24.0% | |||
| International | 1,185 |
| 1,140 |
| 3.9% | 11,408 |
| 10,831 |
| 5.3% | |||
| Total | 2,870 |
| 3,080 |
| -6.8% | 27,930 |
| 32,568 |
| -14.2% | |||
| Load Factor (%, RPMs/ASMs) |
|
|
|
|
|
| |||||||
| Domestic | 92.0% |
| 93.4% |
| (1.4) pp | 90.5% |
| 86.8% |
| 3.6 pp | |||
| International | 80.9% |
| 82.9% |
| (1.9) pp | 81.2% |
| 83.5% |
| (2.2) pp | |||
| Total | 87.4% |
| 89.5% |
| (2.1) pp | 86.7% |
| 85.7% |
| 1.0 pp | |||
| Passengers (thousand, scheduled & charter) |
|
|
|
|
|
| |||||||
| Domestic | 1,880 |
| 2,071 |
| -9.2% | 17,839 |
| 21,754 |
| -18.0% | |||
| International | 657 |
| 649 |
| 1.3% | 6,322 |
| 6,215 |
| 1.7% | |||
| Total | 2,537 |
| 2,720 |
| -6.7% | 24,162 |
| 27,970 |
| -13.6% | |||
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. Figures are rounded for convenience purposes.