Controladora Vuela CompañÃa de Aviación, S.A.B. de C.V., through its subsidiaries, Concesionaria Vuela CompañÃa de Aviación, S.A.P.I. de C.V., provides air transportation services for passengers, cargo, and mail in Mexico and internationally. The company operates approximately 410 daily flights on routes connecting 43 cities in Mexico, 22 cities in the United States, and 3 cities in Central America. As of December 31, 2020, it operated through a fleet of 86 aircraft. The company also offers merchandising, recruitment and payroll, travel agency, and loyalty program services. Controladora Vuela CompañÃa de Aviación, S.A.B. de C.V. was incorporated in 2005 and is headquartered in Mexico City, Mexico.
IPO Year: 2013
Exchange: NYSE
Website: volaris.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 2/12/2025 | $12.00 | Outperform | Itau BBA |
| 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 |
| 8/31/2021 | $22.00 | Neutral | Credit Suisse |
MEXICO CITY, Feb. 06, 2025 (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 January 2025 preliminary traffic results. In January, Volaris' ASM capacity increased by 4.7% year-over-year, while RPMs for the month grew by 2.9%. Mexican domestic RPMs rose 0.9%, while international RPMs increased by 5.9%. As a result, the load factor decreased by 1.5 percentage points year-over-year to 86.6%. During the month, Volaris transported 2.6 million passengers. Enrique Beltranena, Volaris' President and CEO, said: "
MEXICO CITY, Jan. 08, 2025 (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 December 2024 preliminary traffic results. In December, Volaris' ASM capacity decreased by 4.5% year-over-year due to the Pratt & Whitney engine inspections, slightly better than forecast as we recovered more engines than anticipated. Volaris transported 2.8 million passengers during the month with a load factor of 87.6%, a 2.2 pp increase from last year. RPMs for the month declined by 2.1%, with Mexican domestic RPMs down 8.3%,
MEXICO CITY, Dec. 05, 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 November 2024 preliminary traffic results. In November, Volaris' ASM capacity decreased by 3.7% 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 2.6 million passengers during the month with a load factor of 86.8%, a 3.0 pp decrease from last year. RPMs for the month declined by 6.9%, with Mexican dom
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
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
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
MEXICO CITY, Sept. 04, 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 August 2024 preliminary traffic results. In August 2024, Volaris' ASM capacity decreased by 15.1% year-over-year due to the accelerated Pratt & Whitney engine inspections and the resulting aircraft groundings. Volaris transported 2.6 million passengers during the month at a load factor of 87.0%, flat against last year's levels. RPMs for the month decreased by 15.3%, with Mexican domestic RPMs down by 22.0%, while international
MEXICO CITY, Aug. 26, 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 released its 2023 Integrated Annual Report, titled "Total Vision: Exploring New Perspectives." The 2023 Integrated Annual Report is now available on Volaris' Investor Relations webpage: https://ir.volaris.com. Investor Relations ContactRicardo Martínez / [email protected] Media ContactIsrael Álvarez / [email protected] The information included in this report has not been audited and does not provide any information about the C
MEXICO CITY, Aug. 05, 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 July 2024 preliminary traffic results. In July 2024, Volaris' ASM capacity decreased by 15.0% year-over-year due to the accelerated Pratt & Whitney engine inspections and the resulting aircraft groundings. Load factor in the month increased by 2.0 pp YoY to 89.8%, as RPMs decreased by 13.0%. Mexican domestic RPMs decreased by 20.0%, while international RPMs increased by 1.0%. Volaris transported 2.7 million passengers during the
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
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
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
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
MEXICO CITY, March 17, 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 and Central America, announces that Jaime E. Pous who has served as interim Chief Financial Officer since June 2020, has been promoted and appointed as permanent Chief Financial Officer. Jaime Pous has demonstrated the vision and leadership needed to successfully manage the administration and finances of the Company during the COVID-19 pandemic. He will oversee the finance, accounting, and investors relations departments, reporting directly to Enrique Javier Beltranena Mejicano
6-K - Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (0001520504) (Filer)
6-K - Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (0001520504) (Filer)
6-K - Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (0001520504) (Filer)
6-K - Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (0001520504) (Filer)
6-K - Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (0001520504) (Filer)
6-K - Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (0001520504) (Filer)
6-K - Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (0001520504) (Filer)
6-K - Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (0001520504) (Filer)
6-K - Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (0001520504) (Filer)
6-K - Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (0001520504) (Filer)
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
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
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
MEXICO CITY, Feb. 26, 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 fourth quarter and full year 20231. Fourth Quarter 2023 Highlights(All figures are reported in U.S. dollars and compared to 4Q 2022 unless otherwise noted) Net income of $112 million. Earnings per share of $0.10 and earnings per ADS of $0.97 cents.Total operating revenues of $899 million, a 10% increase.Total revenue per available seat mile (TRASM) increased 11% to $9.56 cents.A
MEXICO CITY, Oct. 24, 2023 (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 airline serving Mexico, the United States, Central and South America, today announces its financial results for the third quarter 20231. Third Quarter 2023 Highlights(All figures are reported in U.S. dollars and compared to 3Q 2022 unless otherwise noted) Total operating revenues of $848 million, a 10% increase.Total revenue per available seat mile (TRASM) increased 1.8% to $8.37 cents.Available se
MEXICO CITY, July 24, 2023 (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 airline serving Mexico, the United States, Central and South America, today announces its financial results for the second quarter 20231. Second Quarter 2023 Highlights(All figures are reported in U.S. dollars and compared to 2Q 2022 unless otherwise noted) Total operating revenues of $782 million, a 13% increase.Total revenue per available seat mile (TRASM) decreased 4.2% to $7.92 cents.Available seat miles (ASMs) increased 18% to 9.9 billion.Total operating expenses of $731 million, representing 93
MEXICO CITY, April 24, 2023 /PRNewswire/ -- Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS, BMV:VOLAR) ("Volaris" or "The Company"), the ultra-low-cost airline serving Mexico, the United States, Central and South America, today announces its financial results for the first quarter 2023[1]. First Quarter 2023 Highlights(All figures are reported in U.S. dollars and compared to 1Q 2022 unless otherwise noted) Total operating revenues of $731 million, a 29% increase.Total revenue per available seat mile (TRASM) increased 9.5% to $7.71 cents.Available seat miles (ASMs) increased 18% to 9.5 billion.Total operating expenses of $762 million, representing 104% of total operating r
MEXICO CITY, Feb. 21, 2023 /PRNewswire/ -- Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS, BMV:VOLAR) ("Volaris" or "The Company"), the ultra-low-cost airline serving Mexico, the United States, Central and South America, today announces its financial results for the fourth quarter and full year 20221. Fourth Quarter 2022 Highlights2(All figures are reported in U.S. dollars and compared to 4Q 2021 unless otherwise noted) Total operating revenues of $820 million, a 22% increase. Total revenue per available seat mile (TRASM) increased 2.1% to $8.63 cents.Available seat miles (ASMs) increased 18% to 9.5 billion.Total operating expenses of $760 million, representing 93% of tot
MEXICO CITY, Oct. 24, 2022 /PRNewswire/ -- Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS, BMV:VOLAR) ("Volaris" or "The Company"), the ultra-low-cost airline serving Mexico, the United States, Central and South America, today announces its financial results for the third quarter 2022[1]. Third Quarter 2022 Highlights[2] (All figures are reported in U.S. dollars and compared to 3Q 2021 unless otherwise noted) Volaris reported double-digit growth in revenue, maintained CASM ex-fuel at industry-leading levels, and finished the quarter with a healthy balance sheet. Volaris will continue to take advantage of its flexible network strategy and stimulate demand through its resil
MEXICO CITY, July 21, 2022 /PRNewswire/ -- Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS, BMV:VOLAR) ("Volaris" or "The Company"), the ultra-low-cost airline serving Mexico, the United States of America, Central and South America, today announces its financial results for the second quarter 20221. Second Quarter 2022 Highlights2 (All figures are reported in U.S. dollars and compared to 2Q 2021 unless otherwise noted) Volaris reported double-digit growth in revenue, kept CASM ex-fuel controlled at industry-leading levels, and maintained a strong liquidity p
SC 13G/A - Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (0001520504) (Subject)
SC 13G/A - Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (0001520504) (Subject)
SC 13G/A - Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (0001520504) (Subject)
SC 13D - Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (0001520504) (Subject)
SC 13G/A - Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (0001520504) (Subject)
Itau BBA initiated coverage of Volaris Aviation with a rating of Outperform and set a new price target of $12.00
TD Cowen reiterated coverage of Volaris Aviation with a rating of Buy and set a new price target of $14.00 from $13.00 previously
TD Cowen reiterated coverage of Volaris Aviation with a rating of Buy and set a new price target of $13.00 from $10.00 previously
TD Cowen reiterated coverage of Volaris Aviation with a rating of Buy and set a new price target of $10.00 from $11.00 previously
Morgan Stanley initiated coverage of Volaris Aviation with a rating of Overweight and set a new price target of $12.00
TD Cowen reiterated coverage of Volaris Aviation with a rating of Outperform and set a new price target of $11.00 from $16.00 previously
JP Morgan initiated coverage of Volaris Aviation with a rating of Overweight and set a new price target of $23.00
Barclays reiterated coverage of Controladora Vuela with a rating of Overweight and set a new price target of $27.00 from $25.00 previously
Credit Suisse upgraded Volaris Aviation from Neutral to Outperform and set a new price target of $26.00 from $23.00 previously
Credit Suisse initiated coverage of Volaris Aviation with a rating of Neutral and set a new price target of $22.00