Volaris Reports October 2022 Traffic Results: 22% YoY demand growth with a 90% Load Factor

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

Nov 07, 2022, 06:00 ET

Mexico City, Mexico, Nov. 7, 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 carrier (ULCC) serving Mexico, the United States, Central, and South America, reports its October 2022 preliminary traffic results.

In October 2022, Volaris' capacity (measured in ASMs) increased by 17.4% year-over-year, while demand (measured in RPMs) increased by 22.0%; the result was a load factor expansion of 3.4 pp, to 89.7%. Volaris transported 2.8 million passengers during the month, a 22.0% increase compared to October 2021. Demand in the domestic Mexican and international markets increased by 19.5% and 28.7%, respectively. Year-to-date, Volaris' demand increased 29.1% YoY, with load factor expanding 1.3 pp year-over-year, to 85.4%.

Enrique Beltranena, Volaris' President and CEO said: "Demand remains resilient and load factor in October reached another monthly record. We are encouraged by our revenue management strategy: i. Moderating base fares in certain price-sensitive domestic markets to deliver strong load factors; and ii. Raising base fares in the international market, including Central America, to offset the higher cost of fuel in our longer sectors. As a result of continuing demand strength across both domestic and international markets, our demand grew more than our capacity, delivering record load factors."


Oct 2022

Oct 2021

Variance

YTD Oct 2022

YTD Oct 2021

Variance

RPMs (million, scheduled & charter)







Domestic

1,911

1,599

19.5 %

17,703

13,994

26.5 %

International

787

611

28.7 %

6,886

5,052

36.3 %

Total

2,697

2,211

22.0 %

24,588

19,045

29.1 %

ASMs (million, scheduled & charter)







Domestic

2,089

1,798

16.2 %

20,123

16,246

23.9 %

International

919

765

20.2 %

8,663

6,391

35.5 %

Total

3,008

2,563

17.4 %

28,785

22,637

27.2 %

Load Factor (%, scheduled, RPMs/ASMs)







Domestic

91.4 %

88.9 %

2.5 pp

88.0 %

86.1 %

1.8 pp

International

85.6 %

79.9 %

5.7 pp

79.5 %

79.0 %

0.5 pp

Total

89.7 %

86.3 %

3.4 pp

85.4 %

84.1 %

1.3 pp

Passengers (thousand, scheduled & charter)







Domestic

2,240

1,842

21.6 %

20,538

15,767

30.3 %

International

546

441

23.8 %

4,825

3,640

32.5 %

Total

2,786

2,283

22.0 %

25,362

19,407

30.7 %








Economic Jet Fuel Price

(USD per gallon, preliminary)







Average

4.01

2.58

55.4 %

3.87

2.19

76.7 %

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 115 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