4Q'25 Results February 2026 Disclaimer This presentation was prepared by Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (d/b/a Volaris, the "Company") with the purpose of providing interested parties certain financial and other information about the Company. This presentation is solely for discussion purposes and highlights basic information about the Company. Because it is a summary, it does not contain all the information that you should consider before investing in the securities of the Company. ...

Core Viewpoint - Shares in Mexican airline Volaris increased by nearly 20% following the announcement of plans to form a joint airline group with rival Viva Aerobus [1] Company Summary - Volaris, a Mexican airline, experienced a significant rise in its stock price, indicating positive market sentiment towards the company's strategic move [1] - The collaboration with Viva Aerobus suggests a consolidation trend within the airline industry in Mexico, potentially enhancing competitive positioning and operational efficiencies [1] Industry Summary - The announcement reflects ongoing consolidation efforts in the airline sector, which may lead to increased market share and improved service offerings for consumers [1] - The joint venture could signify a shift in the competitive landscape of the Mexican airline industry, as companies seek to adapt to market challenges and optimize resources [1]

Mexico’s budget airlines Viva Aerobus and Volaris have agreed to create an airline group to increase low-cost flight options in the country and abroad https://t.co/UZl5hKhaQm ...

Core Insights - Sabre Corporation has entered a multi-year agreement with Volaris, Mexico's leading ultra-low-cost airline, to make Volaris's flight content available through the SabreMosaic Travel Marketplace, marking a strategic expansion for Volaris into the global distribution system [1] - The partnership enhances the SabreMosaic Travel Marketplace's position as a key source of low-cost carrier content for travel agencies globally, with Volaris being one of the fastest-growing low-cost carriers in the Americas [2] - Sabre has also launched the SabreMosaic Continuous Revenue Optimizer, an AI-driven solution aimed at providing continuous pricing recommendations for airlines, moving beyond traditional fare classes [3] Company Overview - Sabre Corporation operates as a software and technology company for the travel industry, with two segments: Travel Solutions and Hospitality Solutions [4]

Core Insights - SpecTec, a subsidiary of Volaris, has launched AMOS-X, a maritime asset management platform aimed at integrating maintenance, inventory, and procurement for ship and shore operations [1][2] - The platform is designed to help shipowners, operators, and managers streamline workflows and reduce operating costs across fleets [1] Module Overview - AMOS-X includes three main modules: "Maintenance" for planning and documenting maintenance tasks, "Inventory" for managing spares and consumables, and "Procurement" for streamlining purchasing processes [1][2] - Additional modules, such as "Quality & Safety," are in development and will be added to the platform [2] Investment and Development - SpecTec allocates 25% of its annual operating profit to research and development, reflecting its commitment to product development [3] - The CEO emphasized that AMOS-X aims to provide clarity and control in maritime operations, addressing the complexities of the current market [3] Market Context - The global fleet is currently the oldest it has been in 40 years, impacting vessel efficiency and crew safety [4] - AMOS-X is adaptable to various fleet sizes and IT strategies, capable of operating on existing infrastructure, in the cloud, or in a hybrid configuration [4] Performance and Benefits - The implementation of AMOS-X is designed to enhance data access, decision-making, and action [5] - The platform aims to reduce downtime by 15%, increase crew efficiency by 30%, save $30,000 per vessel annually in fuel and maintenance costs, and cut audit preparation time by 50% [5] - SpecTec claims a 12-month return on investment for users of the software [5]

Financial Data and Key Metrics Changes - Total revenues for Q4 2024 increased by 19% year-on-year to MXN 7.4 billion, reflecting strong performance across all regions [11][12][22] - Net majority income for the year rose 33% year-on-year to MXN 13.6 billion, supported by resilient operational performance and a foreign exchange gain of MXN 2 billion [22][23] - Consolidated EBITDA increased by 23% year-on-year to over MXN 5 billion, with an adjusted EBITDA margin improving by 200 basis points to 69.7% [18] Business Line Data and Key Metrics Changes - Passenger traffic was flat year-on-year, down 0.3% at 17.7 million passengers for Q4, with full-year traffic at 71 million [5] - Colombia's revenue grew by 30%, while Mexico and Puerto Rico saw low teens growth, with Mexico accounting for 72% of total revenues [12][13] - Commercial revenues per passenger grew in the high single digits year-on-year, reaching MXN 130 in Q4 [15] Market Data and Key Metrics Changes - Colombia experienced mid-teens growth in passenger traffic, with international traffic up 29% and domestic traffic up 7% [6][7] - Puerto Rico's total traffic increased nearly 10%, supported by a strong growth in international traffic [7] - Mexico's performance remained soft, with an 8% decline in passenger traffic, affected by Pratt & Whitney engine restrictions and capacity constraints at Mexico City Airport [8][9] Company Strategy and Development Direction - The company aims to strengthen its airport network through strategic infrastructure investments to enhance passenger experience and expand commercial opportunities [22][23] - Expansion projects include the construction and expansion of Terminal 1 at Cancun Airport, expected to be completed by 2026, and Terminal 4 by 2028 [21] - The company is focused on recovering commercial opportunities lost due to capacity restrictions, particularly in Terminal 2 [29][46] Management's Comments on Operating Environment and Future Outlook - Management expects traffic trends to normalize in Q1 2025 towards sustainable levels, with improvements anticipated by the end of Q3 2025 regarding capacity restrictions [28][33] - The company acknowledges ongoing challenges from Pratt & Whitney engine issues but expects a gradual improvement in operations [27][93] - Management remains optimistic about the resilience of markets like Colombia and Puerto Rico, with expectations for continued growth [50] Other Important Information - Total expenses increased by 13% year-on-year, primarily due to increased concession fees and minimum wages in Mexico [17] - Capital expenditure accelerated to MXN 2.5 billion in Q4, accounting for half of the total MXN 4.4 billion for the year [19][20] Q&A Session Summary Question: Traffic growth expectations and airline network development in Mexico - Management indicated that traffic will continue to be affected by capacity restrictions and Pratt & Whitney issues, but improvements are expected by Q3 2025 [27][28] Question: Capacity increase at Mexico City Airport - Management noted that there are discussions about lifting capacity restrictions at Mexico City Airport, potentially by Q3 2025 [32][33] Question: International traffic flow nuances - Management reported that international traffic from Canada was nearly flat, with no significant changes due to political rhetoric in the U.S. [36][38] Question: Tulum Airport's impact on Cancun - Management confirmed that Tulum's traffic is included in regulatory calculations, but it is not termed as compensation [68][70] Question: Commercial revenue targets post-expansion - Management stated that there are no specific targets for commercial revenues per passenger, as it is a moving target [45][46] Question: Updates on Dominican Republic assets - Management indicated that there are no updates on the Dominican Republic asset, as the legal process continues [82][84]