whytestocks
6 years ago
News: $VLRS Volaris Reports May 2019 Traffic Results: 28% Passenger Growth and 88% Load Factor
MEXICO CITY , June 5, 2019 /PRNewswire/ -- Volaris* (NYSE: VLRS and BMV: VOLAR ), the ultra-low-cost airline serving Mexico , the United States and Central America , reported May 2019 and preliminary year to date traffic results. In May 2019 , capacity measured by A...
Find out more https://marketwirenews.com/news-releases/volaris-reports-may-2019-traffic-results-28-passenger-growth-and-88-load-factor-8302032.html
KingDMC
9 years ago
Volaris Reports Record Third Quarter 2015: 41% Adjusted EBITDAR Margin, 22% Net Income Margin
Source: Business Wire
Volaris* (NYSE: VLRS and BMV: VOLAR), the ultra-low-cost airline serving Mexico, the United States and Central America, today announced its financial results for the third quarter 2015.
*Controladora Vuela Compañía de Aviación, S.A.B. de C.V.
The following financial information, unless otherwise indicated, is presented in accordance with International Financial Reporting Standards (IFRS).
Third Quarter 2015 Highlights
Total operating revenues were Ps.5,220 million for the third quarter, an increase of 30.7% year over year.
Non-ticket revenues were Ps.1,063 million for the third quarter, an increase of 43.3% year over year. Non-ticket revenue per passenger for the third quarter was Ps.319, increasing 13.2% year over year.
Total operating revenue per available seat mile (TRASM) rose to Ps.134.4 cents for the third quarter, an increase of 5.4% year over year.
Operating expenses per available seat mile (CASM) were Ps.106.6 cents for the third quarter, a decrease of 8.1% year over year.
Adjusted EBITDAR was Ps.2,121 million for the third quarter, an increase of 95.5% year over year with an Adjusted EBITDAR margin of 40.6%, a margin expansion of 13.4 percentage points.
Operating income was Ps.1,080 million for the third quarter, with an operating margin of 20.7%, a year over year operating margin improvement of 11.7 percentage points.
Net income was Ps.1,152 million (Ps.1.14 per share / US$0.67 per ADS) with a net margin of 22.1% for the third quarter, a year over year net margin improvement of 13.4 percentage points.
Net increase of cash and cash equivalents was Ps.380 million for the third quarter, mainly driven by cash flow from operating activities of Ps.243 million. Unrestricted cash and cash equivalents was Ps.4,408 million, representing 26% of the last twelve month total operating revenues.
lwc23
9 years ago
Bam!!!
Volaris Reports September 2015 Traffic Results, Strong Market Demand Drives Passenger Traffic Growth of 35%
10/5/15, 5:00 PM
MEXICO CITY--(BUSINESS WIRE)-- Volaris* (NYSE: VLRS and BMV: VOLAR), the ultra-low-cost airline serving Mexico, the United States and Central America, reports September 2015 and year-to-date preliminary traffic results.
During September 2015 Volaris increased total capacity, as measured in Available Seat Miles (ASMs), by 33.6% year over year, in response to a strong demand in the domestic and international markets. Total demand for September, as measured in Revenue Passenger Miles (RPMs), increased 32.2% year over year, reaching 842 million. Volaris transported a total of 892 thousand passengers during the month, an increase of 35.4% year over year. Year-to-date, Volaris has transported over 8.7 million passengers, an increase of 21.4% year over year.
In September, Volaris increased international ASMs by 45.0% and domestic ASMs by 29.6%. Network load factor for September reached 77.9%, a decrease of 0.9 percentage points year over year.
During September 2015, Volaris launched two year-round international routes (Cancun - San Jose, Costa Rica and Guadalajara - San Jose, Costa Rica).
The following table summarizes Volaris traffic results for the month and year-to-date.
Nine Nine
September September months months
2015 2014 Variance ended ended Variance
September September
2015 2014
RPMs(in millions, scheduled & charter)
Domestic 604 469 28.8% 5,905 5,304 11.3%
International 238 168 41.4% 2,520 1,907 32.2%
Total 842 637 32.2% 8,425 7,211 16.8%
ASMs(in millions, scheduled & charter)
Domestic 775 598 29.6% 7,188 6,558 9.6%
International 306 211 45.0% 3,070 2,239 37.1%
Total 1,081 809 33.6% 10,258 8,797 16.6%
Load Factor(in %, scheduled)
Domestic 77.9% 78.4% (0.5) pp 82.1% 80.9% 1.3 pp
International 78.0% 79.9% (1.9) pp 82.0% 85.2% (3.2) pp
Total 77.9% 78.8% (0.9) pp 82.1% 82.0% 0.1 pp
Passengers(in thousands, scheduled & charter)
Domestic 728 542 34.3% 7,001 5,887 18.9%
International 164 117 40.8% 1,728 1,305 32.4%
Total 892 659 35.4% 8,729 7,192 21.4%
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.
sharecultures
10 years ago
Volaris making a comeback
Mexican carrier Volaris is another airline that underperformed in 2014 but is primed for a comeback. The company is on pace to produce a low-single-digit pre-tax margin this year. The main cause of this poor performance was severe overcapacity in the Mexican air travel market in the first half of 2014.
Fortunately, supply and demand have been coming back into balance. Volaris has contributed to this recently by focusing all of its growth on the U.S. transborder market, where demand is stronger. As a result, its load factor increased year over year by 5.4 percentage points in October and by 7.0 percentage points in November.
This bodes well for Volaris reversing much of the 16.6% unit revenue drop that it experienced in Q4 2014. It will face easy comparisons in the first half of 2015, which should allow it to maintain its momentum.
Adding in the massive drop in jet fuel prices, Volaris has a recipe for boosting its pre-tax margin from the low single digits in 2014 to around 15% in 2015. Volaris is a fairly risky stock due to its inconsistent profitability, but it may well be the top-performing airline stock of 2015.