Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (VLRS) Company Report

Volaris reported a load factor of 85.3% for November 2025, which represents a 1.5 percentage point decrease year-over-year.
The company transported 2.7 million passengers in November 2025.
In November 2025, Available Seat Miles (ASM) capacity increased by 5.8%, while Revenue Passenger Miles (RPMs) grew by 3.9%.
CEO Enrique Beltranena noted continued sequential improvement in cross-border traffic and stable domestic demand, expressing a favorable outlook for 2026.

Dec 4, 2025, 2:00 PM

6-K

Volaris Reports October 2025 Traffic Results

VLRS

Demand Weakening

Revenue Acceleration/Inflection

Volaris reported a consolidated load factor of 85.9% for October 2025, which represents a 1.5 percentage point decrease year-over-year.
In October 2025, available seat miles (ASM) capacity increased by 1.1%, while revenue passenger miles (RPMs) declined by 0.6%.
The company transported 2,553 thousand passengers in October 2025, marking a 0.6% increase compared to the previous year.
Year-to-date October 2025, total passengers increased 4.9% to 25,357 thousand, and total RPMs rose 2.9% to 24,926 million.
CEO Enrique Beltranena noted strong travel sentiment and sequential improvement across the network, with domestic demand remaining healthy and cross-border market sales returning to levels similar to last year.

Nov 5, 2025, 2:01 PM

6-K

Volaris Reaffirms 2025 Guidance, Provides 2026 Outlook

VLRS

Earnings

Guidance Update

Revenue Acceleration/Inflection

Volaris reported Q3 2025 TRASM of $0.0865, which was ahead of guidance and down 7.7% year over year, with a total load factor of 84.4% and average ancillary revenue per passenger reaching $56.
The company reaffirmed its full-year 2025 outlook, expecting ASM growth of approximately 7% year over year and an EBITDA margin in the range of 32% to 33%.
For Q4 2025, Volaris anticipates ASM growth of approximately 8% year over year and an EBITDA margin of around 36%.
Looking into 2026, Volaris targets ASM growth in the range of 6% to 8%, with 17 aircraft re-deliveries budgeted and an expected improvement in grounded aircraft (AOGs) from an average of 36 in 2025 to around 32-33 in 2026.
Volaris noted an improving demand momentum in the cross-border market, with the US-Mexico transborder market reaching an inflection point as sales have been above last year's levels since mid-August.

Oct 28, 2025, 3:00 PM

Transcript

Volaris Reports Q3 2025 Results and Reaffirms Full-Year Guidance

VLRS

Earnings

Guidance Update

Revenue Acceleration/Inflection

Volaris reported Q3 2025 total operating revenues of $784 million and an EBITDA margin of 33.6%, resulting in a net profit of $6 million and earnings per ADS of $0.05.
The company reaffirmed its full-year 2025 guidance, projecting approximately 7% ASM growth and an EBITDA margin between 32% and 33%.
For Q4 2025, Volaris expects around 8% year-over-year ASM growth and an EBITDA margin of around 36%.
Demand recovery is strengthening, particularly in the cross-border market, with Q3 2025 TRASM at $0.0865 (down 7.7% year-over-year) and average ancillary revenue per passenger reaching $56.
Volaris is targeting 2026 ASM growth in the range of 6% to 8% and anticipates no material impacts from engine-related aircraft on ground (AOGs) by the end of 2027.

Oct 28, 2025, 3:00 PM

Transcript

Volaris Reports Q3 2025 Results and Provides 2026 Outlook

VLRS

Earnings

Guidance Update

Revenue Acceleration/Inflection

Volaris reported Q3 2025 total operating revenues of $784 million, a 4% decrease year-over-year, with an EBITDA of $264 million and a 33.6% margin, and a net profit of $6 million. TRASM reached $0.0865, and ancillary revenue per passenger was $56, consistently accounting for over half of total revenue.
The company reaffirmed its full-year 2025 guidance for ASM growth of approximately 7% and an EBITDA margin in the range of 32-33%.
For Q4 2025, Volaris expects ASM growth of approximately 8% year-over-year and an EBITDA margin of around 36%.
Looking into 2026, the company targets ASM growth in the range of 6% to 8%, anticipates an improvement in grounded aircraft (AOGs) to around 32-33 from 36 in 2025, and expects CapEx to be higher than 2025's $250 million.

Oct 28, 2025, 3:00 PM

Transcript

Volaris Reports Third Quarter 2025 Financial Results

VLRS

Earnings

Guidance Update

Profit Warning

For the third quarter of 2025, Volaris reported net income of $6 million and earnings per American Depositary Share (ADS) of $0.05.
Total operating revenues decreased by 3.6% to $784 million, while available seat miles (ASMs) increased by 4.6% to 9.1 billion compared to Q3 2024.
EBITDAR for the quarter was $264 million, a 16.2% decline, resulting in an EBITDAR margin of 33.6%.
As of September 30, 2025, total cash, cash equivalents, and short-term investments amounted to $794 million, and the net debt-to-LTM EBITDAR ratio stood at 3.1x.
For the full year 2025, the company expects ASM growth of approximately 7% and an EBITDAR margin between 32% and 33%.

Oct 27, 2025, 10:05 PM

6-K

Volaris Reports September 2025 Traffic Results

VLRS

Earnings

Demand Weakening

Volaris reported its September 2025 traffic results, with total Revenue Passenger Miles (RPMs) increasing by 1.0% and Available Seat Miles (ASMs) increasing by 2.9% year-over-year.
The consolidated load factor for September 2025 decreased by 1.6 percentage points year-over-year to 83.4%.
The company transported 2.4 million passengers in September 2025.
For the year-to-date period ending September 2025, total RPMs increased 3.3% to 22,434 million, and total ASMs increased 6.5% to 26,689 million, resulting in a year-to-date load factor of 84.1%.
CEO Enrique Beltranena noted stable domestic demand, resilient international traffic with encouraging signs of VFR recovery, and overall quarterly performance aligning with plans, expressing cautious optimism for market improvement towards year-end.

Oct 7, 2025, 1:00 PM

6-K

Volaris Reports August 2025 Traffic Results

VLRS

Demand Weakening

New Projects/Investments

Volaris reported its August 2025 preliminary traffic results, showing a 4.7% increase in total Available Seat Miles (ASMs) and a 1.9% rise in total Revenue Passenger Miles (RPMs) year-over-year.
The consolidated load factor decreased by 2.3 percentage points to 84.7% in August 2025 compared to August 2024.
In August 2025, Volaris transported 2.7 million passengers.
Domestic RPMs declined by 0.9%, while international RPMs increased by 6.6%.
Enrique Beltranena, Volaris' President and CEO, stated that the third quarter is unfolding in line with expectations, with a healthy balance in domestic load factor and a tactical focus on supporting international unit revenues.