Volaris Reports March 2023 Traffic Results: 16% YoY Demand Growth with an 85% Load Factor
MEXICO CITY, April 5, 2023 /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 March 2023 preliminary traffic results.
In March 2023, Volaris' capacity (measured in ASMs) increased by 17.1% year-over-year, while demand (measured in RPMs) increased by 15.7%; the result was a load factor decrease of 1.0 pp YoY to 85.5%. Volaris transported 2.8 million passengers during the month, a 12.6% increase compared to March 2022. Demand in the domestic Mexican and international markets increased by 8.7% and 35.4%, respectively.
During the first quarter of 2023, the average economic fuel cost stood at $3.45 per gallon, an increase of 11.3% versus the first quarter of 2022 but a decrease of 7.0% versus the fourth quarter of 2022.
Enrique Beltranena, Volaris' President and CEO, said: "Overall traffic figures were healthy in March, with strength in the U.S. transborder and Central America demand offsetting close-in demand softness on our domestic routes. This also confirms the strategic importance of our Central American expansion, which has allowed Volaris to grow with profitability to the United States despite the limitations associated with Mexico's Category 2 status."
Mar 2023 |
Mar 2022 |
Variance |
YTD Mar 2023 |
YTD Mar 2022 |
Variance |
|
RPMs (million, scheduled & charter) |
||||||
Domestic |
1,916 |
1,763 |
8.7 % |
5,546 |
4,895 |
13.3 % |
International |
861 |
636 |
35.4 % |
2,521 |
1,833 |
37.5 % |
Total |
2,777 |
2,399 |
15.7 % |
8,067 |
6,728 |
19.9 % |
ASMs (million, scheduled & charter) |
||||||
Domestic |
2,230 |
1,955 |
14.1 % |
6,537 |
5,682 |
15.0 % |
International |
1,019 |
820 |
24.2 % |
2,951 |
2,379 |
24.1 % |
Total |
3,249 |
2,775 |
17.1 % |
9,488 |
8,061 |
17.7 % |
Load Factor (%, scheduled, RPMs/ASMs) |
||||||
Domestic |
85.9 % |
90.2 % |
(4.3) pp |
84.8 % |
86.2 % |
(1.3) pp |
International |
84.5 % |
77.6 % |
6.9 pp |
85.4 % |
77.1 % |
8.3 pp |
Total |
85.5 % |
86.5 % |
(1.0) pp |
85.0 % |
83.5 % |
1.5 pp |
Passengers (thousand, scheduled & charter) |
||||||
Domestic |
2,233 |
2,050 |
8.9 % |
6,440 |
5,676 |
13.5 % |
International |
589 |
456 |
29.2 % |
1,746 |
1,313 |
33.0 % |
Total |
2,822 |
2,506 |
12.6 % |
8,186 |
6,989 |
17.1 % |
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 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 202 and its fleet from 4 to 120 aircraft. Volaris offers more than 550 daily flight segments on routes that connect 43 cities in Mexico and 28 cities in the United States, Central, and South America, with the youngest fleet 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 fourteen 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 Compañía de Aviación, S.A.B. de C.V.
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