Controladora Vuela Compania de Aviacion SAB de CV ADR Class A ( (VLRS) ) has released its Q4 earnings. Here is a breakdown of the information Controladora Vuela Compania de Aviacion SAB de CV ADR Class A presented to its investors.
Controladora Vuela Compañía de Aviación, S.A.B. de C.V., known as Volaris, is an ultra-low-cost airline operating in Mexico, the United States, Central, and South America, recognized for its point-to-point services and extensive route network. Volaris recently announced its financial results for the fourth quarter and full year of 2024, highlighting a net income of $46 million for the quarter and $126 million for the year, despite facing challenges such as engine inspections and aircraft groundings. Key financial metrics showed a decrease in total operating revenues by 7% for the quarter and 4% for the year, while EBITDAR increased by 18% for the quarter and 39% for the year, reflecting strong cost management and favorable fuel prices. The company also reported a decrease in available seat miles and passenger numbers, but maintained a high load factor and increased ancillary revenues per passenger. Looking forward, Volaris plans to focus on profitability and strategic growth, anticipating a 13% capacity expansion in 2025, while managing fleet challenges and maintaining its market position.