Volaris Updates 2024 Guidance, Anticipates ASM Growth (YoY) Of About -14% And An EBITDAR Margin Of 32%-34%

7/23/24 2:00:45 AM ET

Air Freight/Delivery Services

Consumer Discretionary

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For the full year 2024, the Company expects:

	Updated Guidance	Prior Guidance
Full Year 2024 Guidance
ASM growth (YoY)	~ -14%	-16% to -18%
EBITDAR margin	32% to 34%	32% to 34%
CAPEX (2)	$400 million	$400 million
Average USD/MXN rate	Ps.17.80 to 18.00	Ps.17.30 to 17.50
Average U.S. Gulf Coast jet fuel price	$2.60 to $2.70	$2.60 to $2.70

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Recent Analyst Ratings for
$VLRS

Date	Price Target	Rating	Analyst
10/24/2024	$13.00 → $14.00	Buy	TD Cowen
10/22/2024	$10.00 → $13.00	Buy	TD Cowen
7/17/2024	$11.00 → $10.00	Buy	TD Cowen
5/24/2024	$12.00	Overweight	Morgan Stanley
2/29/2024	$16.00 → $11.00	Outperform	TD Cowen
6/6/2022	$23.00	Overweight	JP Morgan
2/23/2022	$25.00 → $27.00	Overweight	Barclays
2/16/2022	$23.00 → $26.00	Neutral → Outperform	Credit Suisse

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$VLRS
Market Insights

Live Market Insights

Volaris Updates 2024 Guidance, Anticipates ASM Growth (YoY) Of About -14% And An EBITDAR Margin Of 32%-34%
For the full year 2024, the Company expects: Updated Guidance Prior Guidance Full Year 2024 Guidance ASM growth (YoY) ~ -14% -16% to -18% EBITDAR margin 32% to 34% 32% to 34% CAPEX (2) $400 million $400 million Average USD/MXN rate Ps.17.80 to 18.00 Ps.17.30 to 17.50 Average U.S. Gulf Coast jet fuel price $2.60 to $2.70 $2.60 to $2.70
7/23/24 2:00:45 AM ET
$VLRS
Air Freight/Delivery Services
Consumer Discretionary
Volaris Provides Q3 Guidance: Expects ASM (YoY) Of About -14%, TRASM Of ~$9.3 Cents, CASM Excluding Fuel Of ~$5.6 Cents, And An EBITDAR Margin Of ~33%
2024 Guidance For the third quarter of 2024, the Company expects: 3Q’24 3Q’23 (1) 3Q’24 Guidance ASM growth (YoY) ~ -14% +8.2% TRASM ~$9.3 cents $8.37 cents CASM ex fuel ~$5.6 cents $4.91 cents EBITDAR margin ~33% 24.4% Average USD/MXN rate Ps.18.40 to 18.60 Ps.17.06 Average U.S. Gulf Coast jet fuel price $2.60 to $2.70 $2.77 (1) For convenience purposes, actual reported figures for 3Q'23 are included.
7/23/24 1:59:42 AM ET
$VLRS
Air Freight/Delivery Services
Consumer Discretionary
Controladora Vuela Q2 2024 GAAP EPS $0.09 Beats $0.05 Estimate, Sales $726.000M Miss $741.970M Estimate
Controladora Vuela (NYSE:VLRS) reported quarterly earnings of $0.09 per share which beat the analyst consensus estimate of $0.05 by 80 percent. This is a 80 percent increase over earnings of $0.05 per share from the same period last year. The company reported quarterly sales of $726.000 million which missed the analyst consensus estimate of $741.970 million by 2.15 percent. This is a 7.16 percent decrease over sales of $782.000 million the same period last year.
7/23/24 1:52:39 AM ET
$VLRS
Air Freight/Delivery Services
Consumer Discretionary

$VLRS
Financials

Live finance-specific insights

Volaris Reports Financial Results for the Third Quarter 2024: EBITDAR of USD $315 million, a 52% increase
MEXICO CITY, Oct. 22, 2024 (GLOBE NEWSWIRE) -- Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS, BMV:VOLAR) ("Volaris" or "the Company"), the ultra-low-cost carrier (ULCC) serving Mexico, the United States, Central and South America, today reports its unaudited financial results for the third quarter of 20241. Third Quarter 2024 Highlights(All figures are reported in U.S. dollars and compared to 3Q 2023 unless otherwise noted) Net income of $37 million. Earnings per American Depositary Shares (ADS) of $32 cents.Total operating revenues of $813 million, a 4% decrease.Total revenue per available seat mile (TRASM) increased 12% to $9.38 cents.Available seat miles (ASMs) de
10/22/24 7:48:56 PM ET
$VLRS
Air Freight/Delivery Services
Consumer Discretionary
Volaris Reports Financial Results for the Second Quarter 2024: Net Income of USD $10 million
MEXICO CITY, , July 22, 2024 (GLOBE NEWSWIRE) -- Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS, BMV:VOLAR) ("Volaris" or "the Company"), the ultra-low-cost carrier (ULCC) serving Mexico, the United States, Central, and South America, today reports its unaudited financial results for the second quarter of 20241. Second Quarter 2024 Highlights(All figures are reported in U.S. dollars and compared to 2Q 2023 unless otherwise noted) Net income of $10 million. Earnings per American Depositary Shares (ADS) of $9 cents.Total operating revenue of $726 million, a 7.2% decrease.Total revenue per available seat mile (TRASM) increased 12% to $8.89 cents.Available seat miles (ASM
7/22/24 7:13:14 PM ET
$VLRS
Air Freight/Delivery Services
Consumer Discretionary
Volaris Reports Financial Results for the First Quarter 2024: Net Income of USD $33 million
MEXICO CITY, April 22, 2024 (GLOBE NEWSWIRE) -- Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS, BMV:VOLAR) ("Volaris" or "the Company"), the ultra-low-cost carrier (ULCC) serving Mexico, the United States, Central, and South America, today announces its financial results for the first quarter 20241. First Quarter 2024 Highlights(All figures are reported in U.S. dollars and compared to 1Q 2023 unless otherwise noted) Net income of $33 million. Earnings per ADS of $0.29 cents.Total operating revenues of $768 million, a 5.1% increase.Total revenue per available seat mile (TRASM) increased 21% to $9.34 cents.Available seat miles (ASMs) decreased by 13% to 8.2 billion.Tot
4/22/24 9:22:11 PM ET
$VLRS
Air Freight/Delivery Services
Consumer Discretionary

$VLRS
Press Releases

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Volaris Reports October 2024 Traffic Results: Strong Demand Across Our Markets, Load Factor of 87%
MEXICO CITY, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS, BMV:VOLAR) ("Volaris" or "the Company"), the ultra-low-cost carrier (ULCC) serving Mexico, the United States, Central and South America, reports its October 2024 preliminary traffic results. In October, Volaris' ASM capacity decreased by 6.8% year-over-year due to the Pratt & Whitney engine inspections offset by fewer aircraft groundings following the return of the initial batch of inspected engines. Volaris transported 2.5 million passengers during the month with a load factor of 87.4%, a 2.1 pp decrease from last year. RPMs for the month declined by 9.0%, with Mexican dom
11/7/24 8:30:00 AM ET
$VLRS
Air Freight/Delivery Services
Consumer Discretionary
Volaris Reports Financial Results for the Third Quarter 2024: EBITDAR of USD $315 million, a 52% increase
MEXICO CITY, Oct. 22, 2024 (GLOBE NEWSWIRE) -- Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS, BMV:VOLAR) ("Volaris" or "the Company"), the ultra-low-cost carrier (ULCC) serving Mexico, the United States, Central and South America, today reports its unaudited financial results for the third quarter of 20241. Third Quarter 2024 Highlights(All figures are reported in U.S. dollars and compared to 3Q 2023 unless otherwise noted) Net income of $37 million. Earnings per American Depositary Shares (ADS) of $32 cents.Total operating revenues of $813 million, a 4% decrease.Total revenue per available seat mile (TRASM) increased 12% to $9.38 cents.Available seat miles (ASMs) de
10/22/24 7:48:56 PM ET
$VLRS
Air Freight/Delivery Services
Consumer Discretionary
Volaris Reports September 2024 Traffic Results: 85% Load Factor
MEXICO CITY, Oct. 03, 2024 (GLOBE NEWSWIRE) -- Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS, BMV:VOLAR) ("Volaris" or "the Company"), the ultra-low-cost carrier (ULCC) serving Mexico, the United States, Central, and South America, reports its September 2024 preliminary traffic results. In September 2024, Volaris' ASM capacity decreased by 12.8% year-over-year due to the accelerated Pratt & Whitney engine inspections and the resulting aircraft groundings. Volaris transported 2.3 million passengers during the month at a load factor of 85.0%, a 1.2 pp increase compared to last year. RPMs for the month decreased by 11.5%, with Mexican domestic RPMs down by 18
10/3/24 5:30:00 PM ET
$VLRS
Air Freight/Delivery Services
Consumer Discretionary

$VLRS
Leadership Updates

Live Leadership Updates

Volaris announces summons for general ordinary annual shareholders meeting
MEXICO CITY, April 8, 2022 /PRNewswire/ -- Volaris* (NYSE:VLRS, BMV:VOLAR), announces a summons for the general ordinary annual shareholders' meeting to be held on April 26, 2022. Under Mexican law Volaris needs to hold a general ordinary shareholders' meeting at least once a year in respect of general corporate matters. A courtesy English translation of this year's shareholders' meeting agenda is attached as exhibit. 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
4/8/22 12:00:00 PM ET
$VLRS
Air Freight/Delivery Services
Consumer Discretionary
Volaris Announces The Appointment Of Chief Legal Officer
MEXICO CITY, June 4, 2021 /PRNewswire/ -- Controladora Vuela Compañía de Aviación, S.A.B. de C.V. ("Volaris" or the "Company") (NYSE: VLRS and BMV: VOLAR), an ultra-low-cost airline serving Mexico, the United States of America and Central America, announces the appointment of José Alejandro de Iturbide Gutiérrez as Chief Legal Officer of Volaris, effective as of June 16, 2021, reporting directly to Mr. Enrique Javier Beltranena Mejicano, President and Chief Executive Officer of Volaris. Alejandro de Iturbide has extensive experience in the legal field, having previously served as General Counsel, Managing Director and Secretary of the Board of Directors of Grupo Financiero Citibanamex, havin
6/4/21 5:00:00 PM ET
$VLRS
Air Freight/Delivery Services
Consumer Discretionary
Volaris announces summons for general ordinary annual shareholders' meeting
MEXICO CITY, April 9, 2021 /PRNewswire/ -- Volaris* (NYSE:VLRS, BMV:VOLAR), announces a summons for the general ordinary annual shareholders' meeting to be held on April 26, 2021. Under Mexican law Volaris needs to hold a general ordinary shareholders' meeting at least once a year in respect of general corporate matters. A courtesy English translation of this year's shareholders' meeting agenda is attached as exhibit. 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 wil
4/9/21 4:00:00 PM ET
$VLRS
Air Freight/Delivery Services
Consumer Discretionary

Volaris Updates 2024 Guidance, Anticipates ASM Growth (YoY) Of About -14% And An EBITDAR Margin Of 32%-34%

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Recent Analyst Ratings for
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Large Ownership Changes

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SEC Form SC 13G/A filed by Controladora Vuela Compania de Aviacion S.A.B. de C.V. (Amendment)

SEC Form SC 13G/A filed by Controladora Vuela Compania de Aviacion S.A.B. de C.V. (Amendment)

SEC Form SC 13G/A filed

$VLRS
Market Insights

Live Market Insights

Volaris Updates 2024 Guidance, Anticipates ASM Growth (YoY) Of About -14% And An EBITDAR Margin Of 32%-34%

Volaris Provides Q3 Guidance: Expects ASM (YoY) Of About -14%, TRASM Of ~$9.3 Cents, CASM Excluding Fuel Of ~$5.6 Cents, And An EBITDAR Margin Of ~33%

Controladora Vuela Q2 2024 GAAP EPS $0.09 Beats $0.05 Estimate, Sales $726.000M Miss $741.970M Estimate

$VLRS
SEC Filings

SEC Form 6-K filed by Controladora Vuela Compania de Aviacion S.A.B. de C.V.

SEC Form 6-K filed by Controladora Vuela Compania de Aviacion S.A.B. de C.V.

SEC Form 6-K filed by Controladora Vuela Compania de Aviacion S.A.B. de C.V.

$VLRS
Financials

Live finance-specific insights

Volaris Reports Financial Results for the Third Quarter 2024: EBITDAR of USD $315 million, a 52% increase

Volaris Reports Financial Results for the Second Quarter 2024: Net Income of USD $10 million

Volaris Reports Financial Results for the First Quarter 2024: Net Income of USD $33 million

$VLRS
Press Releases

Fastest customizable press release news feed in the world

Volaris Reports October 2024 Traffic Results: Strong Demand Across Our Markets, Load Factor of 87%

Volaris Reports Financial Results for the Third Quarter 2024: EBITDAR of USD $315 million, a 52% increase

Volaris Reports September 2024 Traffic Results: 85% Load Factor

$VLRS
Analyst Ratings

Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

TD Cowen reiterated coverage on Volaris Aviation with a new price target

TD Cowen reiterated coverage on Volaris Aviation with a new price target

TD Cowen reiterated coverage on Volaris Aviation with a new price target

$VLRS
Leadership Updates

Live Leadership Updates

Volaris announces summons for general ordinary annual shareholders meeting

Volaris Announces The Appointment Of Chief Legal Officer

Volaris announces summons for general ordinary annual shareholders' meeting

Volaris Updates 2024 Guidance, Anticipates ASM Growth (YoY) Of About -14% And An EBITDAR Margin Of 32%-34%

Chat with this insight

Recent Analyst Ratings for $VLRS

$VLRS Large Ownership Changes

This live feed shows all institutional transactions in real time.

SEC Form SC 13G/A filed by Controladora Vuela Compania de Aviacion S.A.B. de C.V. (Amendment)

SEC Form SC 13G/A filed by Controladora Vuela Compania de Aviacion S.A.B. de C.V. (Amendment)

SEC Form SC 13G/A filed

$VLRS Market Insights

Live Market Insights

Volaris Updates 2024 Guidance, Anticipates ASM Growth (YoY) Of About -14% And An EBITDAR Margin Of 32%-34%

Volaris Provides Q3 Guidance: Expects ASM (YoY) Of About -14%, TRASM Of ~$9.3 Cents, CASM Excluding Fuel Of ~$5.6 Cents, And An EBITDAR Margin Of ~33%

Controladora Vuela Q2 2024 GAAP EPS $0.09 Beats $0.05 Estimate, Sales $726.000M Miss $741.970M Estimate

$VLRS SEC Filings

SEC Form 6-K filed by Controladora Vuela Compania de Aviacion S.A.B. de C.V.

SEC Form 6-K filed by Controladora Vuela Compania de Aviacion S.A.B. de C.V.

SEC Form 6-K filed by Controladora Vuela Compania de Aviacion S.A.B. de C.V.

$VLRS Financials

Live finance-specific insights

Volaris Reports Financial Results for the Third Quarter 2024: EBITDAR of USD $315 million, a 52% increase

Volaris Reports Financial Results for the Second Quarter 2024: Net Income of USD $10 million

Volaris Reports Financial Results for the First Quarter 2024: Net Income of USD $33 million

$VLRS Press Releases

Fastest customizable press release news feed in the world

Volaris Reports October 2024 Traffic Results: Strong Demand Across Our Markets, Load Factor of 87%

Volaris Reports Financial Results for the Third Quarter 2024: EBITDAR of USD $315 million, a 52% increase

Volaris Reports September 2024 Traffic Results: 85% Load Factor

$VLRS Analyst Ratings

Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

TD Cowen reiterated coverage on Volaris Aviation with a new price target

TD Cowen reiterated coverage on Volaris Aviation with a new price target

TD Cowen reiterated coverage on Volaris Aviation with a new price target

$VLRS Leadership Updates

Live Leadership Updates

Volaris announces summons for general ordinary annual shareholders meeting

Volaris Announces The Appointment Of Chief Legal Officer

Volaris announces summons for general ordinary annual shareholders' meeting

Recent Analyst Ratings for
$VLRS

$VLRS
Large Ownership Changes

$VLRS
Market Insights

$VLRS
SEC Filings

$VLRS
Financials

$VLRS
Press Releases

$VLRS
Analyst Ratings

$VLRS
Leadership Updates