Volaris Maintains Solid Load Factor Amid Challenges

Controladora Vuela Compania de Aviacion SAB de CV (VLRS) has released an update.

Controladora Vuela Compañía de Aviación, S.A.B. de C.V., known as Volaris, reported a steady load factor of 87% for August 2024, despite a 15.1% year-over-year decrease in ASM capacity due to Pratt & Whitney engine inspections and aircraft groundings. The airline transported 2.6 million passengers and maintained operational performance with 30% of its fleet grounded. Volaris reaffirmed its annual capacity guidance, projecting around a 14% reduction.

For further insights into VLRS stock, check out TipRanks’ Stock Analysis page.