Volaris (the «Company») (NYSE: VLRS and BMV: VOLAR), the ultra-low-cost airline serving Mexico, the United States, Central, and South America, reports its May 2022 preliminary traffic results.
In May 2022, Volaris’ capacity (measured in ASMs) increased 12.4% compared to May 2021, while demand (measured in RPMs) increased 12.3% compared to the same period; the result was a load factor of 87.8% (flat YoY). Volaris transported 2.5 million passengers during the month, a 17.5% increase compared to May 2021, as the Company increased its fleet from 87 aircraft in May 2021 to 110 aircraft in May 2022. Passenger demand (RPMs) in the domestic Mexican and international markets increased 15.6% and 4.1%, respectively, compared to May 2021. Year-to-date, Volaris’ demand (measured in RPMs) increased 41.2% YoY, with a load factor expansion of 3.2 pp, to 84.6%.
Commenting on May 2022 traffic figures, Volaris’ President and CEO Enrique Beltranena said: «Demand remained strong in May, and Volaris demonstrated its ability to gradually pass through rising fuel prices. We continue growing with sustained traffic volume and improving TRASM.»
Last month Volaris announced a point-to-point network plan to offer approximately one million seats per month out of the three airports in Mexico City’s metropolitan area, namely Mexico City International Airport (AICM), Felipe Ángeles International Airport (AIFA), and Toluca International Airport (TLC). Volaris will open ten additional routes out of AIFA (Acapulco, Guadalajara, Huatulco, La Paz, Mérida, Mexicali, Oaxaca, Puerto Vallarta, Puerto Escondido and Los Cabos) and will resume operations in TLC with six new routes (Tijuana, Puerto Vallarta, Cancún, Guadalajara, Los Cabos and Huatulco).
In regard to the Company’s network plans for Mexico City, Mr. Beltranena said, «Mexico City’s Metropolitan area has a potential market of 30 million passengers spread across a large geographic area. By diversifying our operations to all three Mexico City area airports, our passengers will be able to travel to the nearest airport, reducing time, distance, and costs.» Mr. Beltranena added that, «A key benefit of our plan to offer one million seats to Mexico City area passengers is that Volaris will retain its strong market position, while expanding in TLC and AIFA. Further, we will reinforce operations in Puebla and Queretaro, all airports in the metropolitan area. We are excited about our growth opportunities in central Mexico.»
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. It cannot be inferred that any period’s performance or its comparison year over year will indicate a similar performance in the future.
