Volaris Achieves High Load Factor Amid Engine Inspection Challenges

Controladora Vuela Compania de Aviacion SAB de CV ( (VLRS) ) has issued an announcement.

Volaris reported a load factor of 87.6% for December 2024, a 2.2 percentage point increase from the previous year, despite a 4.5% year-over-year reduction in available seat miles due to Pratt & Whitney engine inspections. The company transported 2.8 million passengers during the month, with international revenue passenger miles increasing by 9.0%. CEO Enrique Beltranena highlighted the company’s commitment to operational performance and customer satisfaction, achieving a 99% completion rate for the year despite challenges, reinforcing Volaris’ position as a preferred airline in its markets.

More about Controladora Vuela Compania de Aviacion SAB de CV

Controladora Vuela Compañía de Aviación, S.A.B. de C.V., known as Volaris, is an ultra-low-cost carrier offering point-to-point operations across Mexico, the United States, Central, and South America. The airline focuses on providing low base fares and quality service, targeting passengers visiting friends and family, as well as cost-conscious business and leisure travelers. Since its inception in 2006, Volaris has expanded its fleet to 143 aircraft and operates over 500 daily flights connecting numerous cities across its service regions.

YTD Price Performance: 6.08%

Average Trading Volume: 731,146

Technical Sentiment Consensus Rating: Hold

Current Market Cap: $887M

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