Volaris Reports December 2022 Traffic Results: 17% YoY demand growth with an 85% Load Factor
January 05, 2023 at 02:28 pm
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Volaris Reports December 2022 Traffic Results: 17% YoY demand growth with an 85% Load Factor
Mexico City, Mexico, January 5, 2023 - 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 December 2022 preliminary traffic results.
In December 2022, Volaris' capacity (measured in ASMs) increased by 18.5% year-over-year, while demand (measured in RPMs) increased by 16.9%; the result was a load factor of 84.7% (-1.2pp YoY). Volaris transported 2.9 million passengers during the month, a 13.9% increase compared to December 2021. Demand in the domestic Mexican and international markets increased by 13.3% and 26.1%, respectively. For the full year of 2022, Volaris' capacity increased 25.6%, 0.6pp ahead of the Company's capacity guidance, with the load factor expanding 0.9pp YoY to 85.6%.
Enrique Beltranena, Volaris' President and CEO said: "Traffic in December was solid, and booking
curves remain resilient. We continue to expect that passenger growth will be in line with our planned capacity growth. At the end of the month, Volaris was affected by Winter Storm Elliott, which resulted in a three-day disruption to operations. However, as a result of hard work by the Volaris team, the Company was able to quickly recover to full operations and respond promptly to all impacted customers. While such disruptions can be challenging, I want to thank the Volaris Ambassadors for their extra effort throughout the holiday season to ensure that our passengers were well cared for."
Dec 2022
Dec 2021
Variance
YTD Dec
YTD Dec
Variance
RPMs (million, scheduled & charter)
2022
2021
Domestic
2,034
1,795
13.3%
21,623
17,470
23.8%
International
861
683
26.1%
8,569
6,332
35.4%
Total
2,895
2,478
16.9%
30,191
23,802
26.8%
ASMs (million, scheduled & charter)
Domestic
2,385
2,017
18.2%
24,604
20,099
22.4%
International
1,034
868
19.1%
10,676
7,997
33.5%
Total
3,419
2,885
18.5%
35,281
28,097
25.6%
Load Factor (%, scheduled, RPMs/ASMs)
Domestic
85.3%
89.0%
(3.7) pp
87.9%
86.9%
1.0 pp
International
83.3%
78.7%
4.6 pp
80.3%
79.2%
1.1 pp
Total
84.7%
85.9%
(1.2) pp
85.6%
84.7%
0.9 pp
Passengers (thousand, scheduled & charter)
Domestic
2,342
2,094
11.9%
25,043
19,836
26.3%
International
606
495
22.5%
6,007
4,569
31.5%
Total
2,949
2,589
13.9%
31,051
24,405
27.2%
Economic Jet Fuel Price
(USD per gallon, preliminary)
Average
3.26
2.51
29.9%
3.82
2.26
69.0%
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 many factors. It cannot be inferred that any period's performance or its comparison year over year will indicate 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, with point-to-point operations, serving Mexico, the United States, Central, and South America. Volaris offers low base fares to build its market, providing quality service and extensive customer choice. Since the beginning of operations in March 2006, Volaris has increased its routes from 5 to more than 200 and its fleet from 4 to 117 aircraft. Volaris offers more than 500 daily flight segments on routes that connect 43 cities in Mexico and 28 cities in the United States, Central, and South America, with one of the youngest fleets in Mexico. Volaris targets passengers who are visiting friends and relatives, cost-conscious business and leisure travelers in Mexico, the United States, and Central and South America. Volaris has received the ESR Award for Social Corporate Responsibility for thirteen consecutive years. For more information, please visit www.volaris.com.
Controladora Vuela Compañía de Aviación SAB de CV published this content on 05 January 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 January 2023 14:27:13 UTC.
Controladora Vuela Compania de Aviacion SAB de CV is a Mexico-based company engaged in the airline passenger transportation sector. The Company operates as an ultra-low-cost carrier (ULCC). Its activities are divided into two geographical regions: Mexico (national operations), as well as the Unites States and Central America (international operations). The Company offers direct, point-to-point flights. The Company serves through secondary, lower cost airports and provides a single class of service. Its fleet includes a number of Airbus aircrafts, such as A319, A320 and A321. The Company operates through Comercializadora Volaris SA de CV, Servicios Corporativos Volaris SA de CV and Servicios Operativos Terrestres Volaris SA de CV, among others.