Volaris Reports April 2016 Traffic Results, Strong Market Demand Drives Passenger Traffic Growth of 21%
OREANDA-NEWS. Volaris (NYSE: VLRS and BMV: VOLAR), the ultra-low-cost airline serving Mexico, the United States and Central America, reports April 2016 and year-to-date preliminary traffic results.
During April 2016 Volaris increased total capacity, as measured in Available Seat Miles (ASMs), by 15.8% year over year, in response to strong demand in its domestic and international markets. Total demand, as measured in Revenue Passenger Miles (RPMs), in April increased 18.3% year over year, reaching 1.1 billion, validating the strong demand environment the Company has been observing in its markets. Even though Holy and Easter weeks fell in March this year, April passenger traffic held strong as compared to last year. Volaris transported a total of 1.1 million passengers during the month, an increase of 21.1% year over year. Year-to-date, Volaris has transported over 4.6 million passengers, an increase of 32.4% year over year.
In April 2016, Volaris increased domestic and international ASMs by 16.8% and 13.7%, respectively. Network load factor for April reached 83.2%, an increase of 1.8 percentage point year over year.
During April 2016, Volaris launched five year-round domestic routes (Puerto Vallarta - Toluca, Mexico - Torreon, Mexico - Reynosa, Cancun - Reynosa and Guadalajara - Reynosa).
The following table summarizes Volaris traffic results for the month and year-to-date.
Four Four April April Variance months months Variance 2016 2015 ended ended April 2016 April 2015 RPMs(in millions, scheduled & charter) Domestic 753 633 18.9% 3,070 2,352 30.5% International 305 261 16.9% 1,294 977 32.5% Total 1,058 894 18.3% 4,364 3,329 31.1% ASMs(in millions, scheduled & charter) Domestic 900 771 16.8% 3,629 2,896 25.3% International 371 326 13.7% 1,533 1,244 23.3% Total 1,271 1,097 15.8% 5,162 4,140 24.7% Load Factor(in %, scheduled) Domestic 83.6% 82.2% 1.4 pp 84.6% 81.2% 3.4 pp International 82.2% 79.8% 2.4 pp 84.4% 78.5% 5.9 pp Total 83.2% 81.4% 1.8 pp 84.5% 80.4% 4.1 pp Passengers(in thousands, scheduled & charter) Domestic 918 755 21.6% 3,661 2,782 31.6% International 211 178 18.9% 899 662 35.8% Total 1,129 933 21.1% 4,560 3,444 32.4%
The information included in this report has not been audited and it does not provide information on the company's future performance. Volaris' future performance depends on many factors and it cannot be inferred that any period's performance or its comparison year over year will be an indicator of a similar performance in the future.
About Volaris:
Controladora Vuela Compania de Aviacion, S.A.B. de C.V. ("Volaris" or the "Company") (NYSE: VLRS and BMV: VOLAR), is an ultra-low-cost carrier (ULCC), with point-to-point operations, serving Mexico, the United States and Central America. Volaris offers low base fares to build its market, providing quality service and extensive customer choice. Since beginning operations in March 2006, Volaris has increased its routes from five to more than 153 and its fleet from four to 60 aircraft. Volaris offers more than 288 daily flight segments on routes that connect 40 cities in Mexico and 24 cities in the United States and Central America with the youngest aircraft fleet in Mexico. Volaris targets passengers who are visiting friends and relatives, cost-conscious business people and leisure travelers in Mexico and to select destinations in the United States and Central America. Volaris has received the ESR Award for Social Corporate Responsibility for five consecutive years.
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