Volaris Reports December 2024 Traffic Results: Load Factor of 88%

Core Insights - Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (Volaris) reported its preliminary traffic results for December 2024, highlighting a decrease in ASM capacity and a stable load factor despite ongoing engine inspections [1][2]. Traffic Performance - In December 2024, Volaris transported 2.8 million passengers with a load factor of 87.6%, which is a 2.2 percentage points increase compared to the previous year [2][4]. - RPMs for December 2024 declined by 2.1% year-over-year, with domestic RPMs down 8.3% and international RPMs up 9.0% [2][4]. - Year-to-date (YTD) total RPMs decreased by 11.8% from 33,449 million in 2023 to 29,505 million in 2024 [4]. Capacity and Load Factor - Volaris' ASM capacity decreased by 4.5% year-over-year, attributed to Pratt & Whitney engine inspections, but was slightly better than forecasted due to recovering more engines than anticipated [2][4]. - The load factor for domestic flights improved to 91.1%, up 1.8 percentage points from the previous year, while the international load factor increased to 82.9%, up 3.7 percentage points [4]. Operational Strategy - The CEO of Volaris emphasized the company's commitment to operational performance and customer satisfaction, achieving a 99% completion rate for the year despite challenges [3][4]. - The company aims to maintain network stability as it completes the required engine inspections, indicating a focus on reliability for customers [2][3]. Year-to-Date Summary - For the year 2024, domestic RPMs totaled 18,161 million, down 19.0% from 22,422 million in 2023, while international RPMs increased to 11,344 million, a 2.9% rise from 11,027 million [4]. - YTD ASMs decreased by 12.6%, from 38,890 million in 2023 to 33,990 million in 2024 [4].