Volaris (the “Company”) (NYSE: VLRS and BMV: VOLAR), the ultra-low-cost airline serving Mexico, the United States, Central and South America reports its February 2022 preliminary traffic results.
In February, Volaris’ capacity (measured in ASMs) increased 62.0% YoY, while demand (measured in RPMs) was up 80.8% YoY; load factor increased 8.6 pp YoY to 82.7%. In the month, Volaris transported 2.1 million passengers, an 86.7% increase YoY. Moreover, passenger demand (RPMs) in the domestic Mexican and international markets remained quite healthy, increasing 64.7% and 149.8%, respectively, as compared to February 2021.
Considering reported figures for the first two months of the year and the capacity currently on sale for March, consolidated ASMs for the first quarter of 2022 are expected to remain flat as compared to the fourth quarter of 2021, implying around 50% ASM growth versus the first quarter of 2021. This is consistent with our guidance on our recent earnings call. We believe that this closely matches the demand trends that we are seeing in our markets.
Commenting on February traffic figures, Volaris’ President and CEO Enrique Beltranena said: “Our strong February 2022 traffic numbers demonstrate not only the overall strength in demand of our existing markets, but also our commitment to closely focus on and match capacity to demand. Record February in growth, passengers and unit revenues should help us mitigate some near-term cost pressures such as higher fuel prices”.
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.