Volaris reports March traffic results, sees load factor of 86.8%

Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) on Wednesday mentioned its load consider March elevated 1.3 pp Y/Y to 86.8%. The corporate reported a 15.8% year-over-year lower in March capability (measured in ASMs), whereas demand (measured in RPMs) decreased by 14.5%. Volaris transported 2.3 million passengers through the month, a 18.1% lower in comparison with March 2023. Demand within the Mexican home RPMs decreased by 24.2%, whereas worldwide RPMs elevated by 7.1%. “In March, we decreased ASMs within the Mexican home market whereas reallocating capability to the worldwide market in preparation for the height summer time season. All through the quarter, we achieved a sturdy load issue, with a well-balanced market combine aimed toward maximizing profitability,” mentioned Enrique Beltranena, Volaris’ President and CEO.