Volaris Reports August 2022 Traffic Results: 20% YoY demand growth with an 85% Load Factor

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Controladora Vuela Compania de Aviacion, S.A.B. de C.V. - Volaris

Sep 05, 2022, 16:31 ET

MEXICO CITY, Sept. 5, 2022 /PRNewswire/ -- Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE: VLRS and BMV: VOLAR) ("Volaris" or "The Company"), the ultra-low-cost airline serving Mexico, the United States, Central, and South America, reports its August 2022 preliminary traffic results.

In August 2022, Volaris' capacity (measured in ASMs) increased 19.8% year-over-year, while demand (measured in RPMs) increased 20.0%; the result was a load factor of 84.9% (+0.1 pp). Volaris transported 2.7 million passengers during the month, a 20.1% increase compared to the same month of 2021. Demand in the domestic Mexican and international markets increased 18.7% and 23.4%, respectively. Year-to-date, Volaris' demand increased 30.7% YoY, with load factor expanding 0.5 pp year-over-year, to 84.6%.

Commenting on August 2022 traffic figures, Volaris' President and CEO Enrique Beltranena said: "Demand was strong in all our markets, and we have been able to maintain strong load factors while continuing to expand our network. We maintain our flexible network strategy and will continue stimulating our markets with low fares and adding new capacity based on the market demand."


Aug 2022

Aug 2021

Variance

YTD Aug 2022

YTD Aug 2021

Variance

RPMs (million, scheduled & charter)







Domestic

1,925

1,622

18.7 %

14,003

10,926

28.2 %

International

760

616

23.4 %

5,385

3,910

37.7 %

Total

2,684

2,238

20.0 %

19,388

14,836

30.7 %

ASMs (million, scheduled & charter)







Domestic

2,204

1,871

17.8 %

16,048

12,734

26.0 %

International

957

768

24.7 %

6,865

4,897

40.2 %

Total

3,162

2,639

19.8 %

22,913

17,631

30.0 %

Load Factor (%, scheduled, RPMs/ASMs)







Domestic

87.3 %

86.7 %

0.6 pp

87.3 %

85.8 %

1.5 pp

International

79.3 %

80.2 %

(0.9) pp

78.4 %

79.8 %

(1.4) pp

Total

84.9 %

84.8 %

0.1 pp

84.6 %

84.1 %

0.5 pp

Passengers (thousand, scheduled & charter)







Domestic

2,211

1,832

20.6 %

16,223

12,244

32.5 %

International

518

440

17.6 %

3,789

2,820

34.4 %

Total

2,729

2,273

20.1 %

20,012

15,063

32.9 %








Economic Jet Fuel Price

(USD per gallon, preliminary)







Average

3.81

2.20

73.2 %

3.85

2.11

82.5 %

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. It cannot be inferred that any period's performance or its comparison year over year will indicate a similar performance in the future.

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 196, and its fleet from 4 to 114 aircraft. Volaris offers more than 500 daily flight segments on routes that connect 43 cities in Mexico and 28 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, and Central and South 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
Ricardo Martínez / [email protected]
Media Contact
Gabriela Fernández / [email protected]

SOURCE Controladora Vuela Compania de Aviacion, S.A.B. de C.V. - Volaris