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 March 2023 preliminary traffic results.
In March 2023, Volaris’ capacity (measured in ASMs) increased by 17.1% year-over-year, while demand (measured in RPMs) increased by 15.7%; the result was a load factor decrease of 1.0 pp YoY to 85.5%. Volaris transported 2.8 million passengers during the month, a 12.6% increase compared to March 2022. Demand in the domestic Mexican and international markets increased by 8.7% and 35.4%, respectively.
During the first quarter of 2023, the average economic fuel cost stood at $3.45 per gallon, an increase of 11.3% versus the first quarter of 2022 but a decrease of 7.0% versus the fourth quarter of 2022.
Enrique Beltranena, Volaris’ President and CEO, said: “Overall traffic figures were healthy in March, with strength in the U.S. transborder and Central America demand offsetting close-in demand softness on our domestic routes. This also confirms the strategic importance of our Central American expansion, which has allowed Volaris to grow with profitability to the United States despite the limitations associated with Mexico’s Category 2 status.”
Tags: Enrique Beltranena, Volaris, Traffic Results
