Volaris Reports November 2024 Traffic Results: Load Factor of 87%

Core Insights - Volaris reported a decrease in ASM capacity by 3.7% year-over-year in November 2024, attributed to Pratt & Whitney engine inspections and fewer aircraft groundings [2] - The company transported 2.6 million passengers in November, with a load factor of 86.8%, reflecting a 3.0 percentage point decrease from the previous year [2] - RPMs declined by 6.9% year-over-year, with domestic RPMs down 10.5% and international RPMs remaining effectively flat [2] Traffic Results - Domestic RPMs for November 2024 were 1,554 million, down from 1,736 million in November 2023, marking a decrease of 10.5% [2] - International RPMs were 963 million, slightly down by 0.3% from 967 million in November 2023 [2] - Total RPMs for November 2024 were 2,518 million, down 6.9% from 2,703 million in November 2023 [2] Capacity Metrics - Domestic ASMs were 1,688 million, a decrease of 9.6% from 1,867 million in November 2023 [2] - International ASMs increased by 6.0% to 1,212 million from 1,143 million in November 2023 [2] - Total ASMs for November 2024 were 2,899 million, down 3.7% from 3,011 million in November 2023 [2] Load Factor Analysis - The domestic load factor was 92.1%, down from 93.0% in November 2023, a decrease of 0.9 percentage points [2] - The international load factor was 79.5%, down 5.0 percentage points from 84.5% in November 2023 [2] - The overall load factor for November 2024 was 86.8%, a decrease of 3.0 percentage points from 89.8% in November 2023 [2] Passenger Statistics - Domestic passengers totaled 1,882 thousand in November 2024, down 8.1% from 2,047 thousand in November 2023 [2] - International passengers were 668 thousand, slightly up by 0.2% from 667 thousand in November 2023 [2] - Total passengers for November 2024 were 2,550 thousand, down 6.0% from 2,714 thousand in November 2023 [2] Management Commentary - The President and CEO of Volaris indicated that demand remains solid, particularly in the domestic market, and the company is strategically investing in the transborder market [3] - The company added transborder capacity in November in preparation for the December high season [3] - Volaris is managing low-season demand elasticity through capacity adjustments as necessary [3]