APRIL 5TH, 2017
Volaris Reports March 2017 Traffic Results, Passenger Growth of 8%
MEXICO CITY—(BUSINESS WIRE)—Volaris* (NYSE: VLRS and BMV: VOLAR), the ultra-low-cost airline serving Mexico, the United States and Central America, reports March 2017 and year-to-date preliminary traffic results.
During first quarter and March 2017, Volaris increased total capacity, as measured in Available Seat Miles (ASMs), by 16.8% and 7.9% year over year, respectively. Total demand, as measured in Revenue Passenger Miles (RPMs), for first quarter and March 2017 increased 14.4% and 7.4% year over year, respectively. It is important to note that March 2016 traffic numbers include high season traffic of Holy and Easter weeks, as opposed to 2017 in which such high season weeks will be in April.
Volaris transported a total of 4.0 million passengers during the first quarter of 2017, an increase of 15.6% year over year. During March 2017, Volaris transported over 1.3 million passengers, an increase of 8.1% year over year.
First quarter 2017, Volaris increased domestic and international ASMs by 12.8% and 26.2%, respectively. Network load factor for the first quarter and March 2017 reached 83.2% and 85.1%, respectively. During March 2017, Volaris launched two domestic routes (Cozumel – Guadalajara and Guadalajara – Oaxaca) and three international routes (Guatemala City – Mexico City, Los Angeles, California – Oaxaca and Guadalajara – San Bernardino, California). Additionally, Volaris started to operate three international routes (Houston – Mexico City, New York City (JFK) – Mexico City and Guadalajara – Milwaukee).
With these March 2017 and year-to-date preliminary traffic results, Volaris confirms its stated Adjusted EBITDAR margin guidance in the high teens for the first quarter 2017, reflecting an average exchange rate of Ps.20.39, and average economic price per gallon of USD $1.82.