VLRS Stock Recent News

Good cost control allowed Volaris to report better-than-expected EBITDAR in Q2'24, with EBITDAR up 23% on a 7% revenue decline driven by 17% less capacity. Engine repair turnaround times are improving, but capacity is still likely to be down 14% in 2024, and prioritizing higher-profit routes can only offset a portion of that headwind. A weaker Mexican economy and weaker domestic travel is a risk for 2024, but over the longer term, Volaris still has an opportunity to benefit from growing air travel in Mexico.

While the top- and bottom-line numbers for Controladora Vuela (VLRS) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

MEXICO CITY, , July 22, 2024 (GLOBE NEWSWIRE) -- 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, today reports its unaudited financial results for the second quarter of 20241.

Kinetic expands global footprint in the higher education market with acquisition of Bullet Solutions, enabled by Volaris Group. Kinetic expands global footprint in the higher education market with acquisition of Bullet Solutions, enabled by Volaris Group.

Volaris experienced revenue growth in Q1 despite a 13% capacity reduction, with TRASM up 21% due to market constraints. The company expects further capacity reductions in Q2 but anticipates improved EBITDAR margins and increased CapEx for engine procurement. Despite facing challenges and a lower stock price, Volaris remains undervalued due to efficient cost management and revenue optimization strategies.

MEXICO CITY, July 08, 2024 (GLOBE NEWSWIRE) -- 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 June 2024 preliminary traffic results.

NEWPORT BEACH, Calif.--(BUSINESS WIRE)-- #acg--Aviation Capital Group LLC (ACG), a premier global full-service aircraft asset manager, announced the delivery of one A321neo aircraft on long-term lease to Volaris. Powered by the ultra-efficient Pratt & Whitney GTF engines, this is the third of four aircraft scheduled to deliver to the airline as part of a multiple-aircraft sale-leaseback transaction between ACG and Volaris. ACG specializes in commercial aircraft leasing and aviation finance. In add.

MEXICO CITY, June 06, 2024 (GLOBE NEWSWIRE) -- 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 May 2024 preliminary traffic results.

Controladora Vuela Compañía de Aviación delivered better than expected EPS and quarterly results. Analysts are expecting EPS growth for Q3 2024. Recent capex growth, bus to air conversion, internationalization efforts, and network growth could accelerate net income growth in the coming years.

Volaris posted its first first-quarter profit since 2019. The airline is enjoying strong pricing power and the benefit of cost cuts.