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87% Load Factor – TipRanks Financial Blog

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MEXICO CITY, April 03, 2024 (GLOBE NEWSWIRE) — 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 2024 preliminary traffic results.

In March 2024, Volaris’ ASM capacity decreased by 15.8% year-over-year due to the accelerated Pratt & Whitney engine inspections and the resulting aircraft groundings. However, load factor increased by 1.3 pp YoY to 86.8%, as RPMs decreased by less than capacity. Mexican domestic RPMs decreased by 24.2%, while international RPMs increased by 7.1%. Volaris transported 2.3 million passengers during the month.

Enrique Beltranena, Volaris’ President and CEO, said: “In March, we decreased ASMs in the Mexican domestic market while reallocating capacity to the international market in preparation for the peak summer season. Throughout the quarter, we achieved a robust load factor, with a well-balanced market mix aimed at maximizing profitability.”

  Mar 2024 Mar 2023 Variance YTD Mar
2024
YTD Mar
2023
Variance
RPMs (million, scheduled & charter)            
Domestic 1,452   1,916   -24.2 % 4,329   5,546   -21.9 %
International 922   861   7.1 % 2,817   2,521   11.8 %
Total 2,374   2,777   -14.5 % 7,146   8,067   -11.4 %
ASMs (million, scheduled & charter)            
Domestic 1,576   2,230   -29.3 % 4,768   6,537   -27.1 %
International 1,160   1,019   13.8 % 3,449   2,951   16.9 %
Total 2,736   3,249   -15.8 % 8,217   9,488   -13.4 %
Load Factor (%, scheduled, RPMs/ASMs)            
Domestic 92.1 % 85.9 % 6.2 pp 90.8 % 84.8 % 5.9 pp
International 79.5 % 84.5 % (5.0) pp 81.7 % 85.4 % (3.7) pp
Total 86.8 % 85.5 % 1.3 pp 87.0 % 85.0 % 2.0 pp
Passengers (thousand, scheduled & charter)            
Domestic 1,674   2,233   -25.0 % 4,985   6,440   -22.6 %
International 636   589   8.0 % 1,939   1,746   11.0 %
Total 2,310   2,822   -18.1 % 6,924   8,186   -15.4 %
 

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

Glossary

Revenue passenger miles (RPMs): Number…

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