Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

Volaris Reports March 2016 Traffic Results, Strong Market Demand Drives Passenger Traffic Growth of 37%

VLRS

Volaris* (NYSE:VLRS and BMV:VOLAR), the ultra-low-cost airline serving Mexico, the United States and Central America, reports March 2016 and year-to-date preliminary traffic results.

During March 2016 Volaris increased total capacity, as measured in Available Seat Miles (ASMs), by 29.7% year over year, in response to strong demand in its domestic and international markets. Total demand, as measured in Revenue Passenger Miles (RPMs), in March increased 36.3% year over year, reaching 1.2 billion, validating the strong demand environment the Company has continued to observe since the second half of 2015. Volaris transported a total of 1.2 million passengers during the month, an increase of 36.9% year over year. Year-to-date, Volaris has transported over 3.4 million passengers, an increase of 36.6% year over year.

In March 2016, Volaris increased domestic and international ASMs by 30.5% and 27.8%, respectively. Network load factor for March reached 85.4%, an increase of 4.2 percentage points year over year.

During March 2016, Volaris launched four year-round domestic routes (Monterrey – Toluca, Los Cabos – Toluca, Leon – Monterrey and Mexico - Zihuatanejo).

The following table summarizes Volaris traffic results for the month and year-to-date.

     

March
2016

   

March
2015

   

Variance

   

Three
months
ended
March
2016

   

Three
months
ended
March
2015

   

Variance

RPMs (in millions, scheduled & charter)                        
Domestic 821 608 35.0% 2,317 1,719 34.8%
International     341     245     39.4%     989     716     38.2%
Total 1,162 853 36.3% 3,306 2,435 35.8%
ASMs (in millions, scheduled & charter)
Domestic 957 733 30.5% 2,730 2,126 28.4%
International     404     316     27.8%     1,162     917     26.7%
Total 1,361 1,049 29.7% 3,892 3,043 27.9%
Load Factor (in %, scheduled)
Domestic 85.8% 82.9% 2.9 pp 84.9% 80.9% 4.0 pp
International     84.4%     77.3%     7.1 pp     85.1%     78.0%     7.1 pp
Total 85.4% 81.2% 4.2 pp 85.0% 80.0% 5.0 pp
Passengers (in thousands, scheduled & charter)
Domestic 978 721 35.7% 2,743 2,027 35.3%
International     237     166     42.5%     687     484     41.9%
Total 1,215 887 36.9% 3,430 2,511 36.6%

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.

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 (ULCC), with point-to-point operations, serving Mexico, the United States and Central America. Volaris offers low base fares to build its market, providing quality service and extensive customer choice. Since beginning operations in March 2006, Volaris has increased its routes from five to more than 149 and its fleet from four to 59 aircraft. Volaris offers more than 280 daily flight segments on routes that connect 40 cities in Mexico and 22 cities in the United States and Central America with the youngest aircraft fleet in Mexico. Volaris targets passengers who are visiting friends and relatives, cost-conscious business people and leisure travelers in Mexico and to select destinations in the United States and Central America. Volaris has received the ESR Award for Social Corporate Responsibility for five consecutive years. For more information, please visit: www.volaris.com

For Volaris
Investor Relations:
Andrés Pliego & Diana Martínez, +52 55 5261 6444
ir@volaris.com
or
Media:
Cynthia Llanos, +52 1 55 4577 0803
cllanos@gcya.net



Get the latest news and updates from Stockhouse on social media

Follow STOCKHOUSE Today