Controladora Vuela Compañía de Aviación, more commonly known as Volaris (NYSE: VLRS and BMV: VOLAR), the ultra-low-cost carrier serving regions including Mexico, the US, and Central and South America, revealed its preliminary traffic results for August 2023.
Key highlights include:
- An 11.4% YoY increase in Volaris’ capacity (measured in ASMs).
- A significant demand growth, measured in RPMs, of 14.3%.
- Load factor ascended by 2.3 pp YoY, reaching 87.2%.
- Volaris successfully transported 3.1 million passengers during August, marking a 12.9% increase compared to the previous year.
- Notably, the Mexican domestic market saw a growth of 8.9% in demand, while international markets surged with a 28.0% growth.
The company’s President and CEO, Enrique Beltranena, expressed his pride at the airline’s performance. “In August 2023, Volaris carried its greatest number of passengers in a single month. Our strategic adjustments to the domestic network have yielded positive results, particularly in RPMs. Looking forward, the demand in all our markets remains robust. Additionally, our international markets continue to exhibit notable strength.”
Detailed Statistics for Volaris: August 2023
| Metrics | Domestic | International | Total |
|---|---|---|---|
| RPMs (million) | 2,097 (+8.9%) | 972 (+28.0%) | 3,069 (+14.3%) |
| ASMs (million) | 2,348 (+6.5%) | 1,173 (+22.5%) | 3,521 (+11.4%) |
| Load Factor | 89.3% (+2.0 pp) | 82.9% (+3.5 pp) | 87.2% (+2.3 pp) |
| Passengers (thousand) | 2,418 (+9.4%) | 662 (+27.8%) | 3,080 (+12.9%) |
Note: Information in this report hasn’t been audited and shouldn’t be used to predict the company’s future performance.
- RPMs (Revenue passenger miles): Calculated by multiplying the number of passenger seats with the miles they are flown.
- ASMs (Available seat miles): Determined by multiplying available seats for passengers by the number of miles these seats fly.
- Load Factor: The ratio of RPMs to ASMs, expressed as a percentage.
- Passengers: Total individuals booked across all flight segments.
About Volaris:
Established in March 2006, Volaris started with 5 routes and 4 aircraft. Today, it operates over 245 routes with 124 aircraft, making it the largest airline in Mexico by several metrics. Volaris offers more than 550 daily flights connecting 43 cities in Mexico and 28 cities in the United States, Central, and South America. The airline has the youngest fleet in Mexico. Volaris aims to offer quality services with low base fares, attracting cost-aware travelers across Mexico, the U.S., and Central and South America. Recognized for its commitment to social responsibility, the company has been awarded the ESR Award for Social Corporate Responsibility for 14 years in a row.