Volaris (NYSE:VLRS) Q3 2025 Earnings Call October 28, 2025 11:00 AM ET Company ParticipantsJens Spiess - VPFilipe Nielsen - Assistant VP of Equity ResearchAlberto Valerio - Executive DirectorShannon Doherty - Equity Research AssociateLiliana Juárez - Investor Relations ManagerTom Fitzgerald - VP of Airlines and Air-related IndustriesEnrique Beltranena - CEORogerio Araujo - DirectorHolger Blankenstein - EVPJaime Pous - CFOConference Call ParticipantsDuane Pfennigwerth - Equity Analyst Global Airlines and Lod ...

Financial Data and Key Metrics Changes - Total operating revenues for Q3 2025 were $784 million, a 4% decrease year-over-year [23] - EBITDA reached $264 million with a margin of 33.6%, aligned with guidance [25] - Net profit was $6 million, translating to earnings per ADS of $0.05 [25] - CASM was $0.079, virtually flat compared to Q3 2024, while CASM ex-fuel was $0.0548, up 2% [23][25] - The net debt to EBITDA ratio stood at 3.1 times, with a total liquidity position of $794 million [26][27] Business Line Data and Key Metrics Changes - Domestic load factor reached 89.8%, consistent with last year's levels, while international load factor was at 77% [12][14] - Average ancillary revenue per passenger for Q3 was $56, consistently above $50 for eight consecutive quarters [14] - TRASM for Q3 was $0.0865, down 7.7% year-over-year but improved from previous quarters [15] Market Data and Key Metrics Changes - Stable domestic demand was observed, with a rational supply environment supporting healthier yields [4] - Cross-border demand showed a steady recovery, with booking trends improving month-over-month [4][14] - The company noted an inflection point in the US-Mexico transborder market, with sales above last year's levels since mid-August [38] Company Strategy and Development Direction - The company is focused on maintaining cost efficiency while adapting to market conditions, with a capacity growth outlook of approximately 7% for 2025 [5][22] - Volaris aims to enhance its ultra-low-cost carrier model by expanding ancillary products and optimizing distribution channels [10][19] - The company is committed to controlling growth with discipline, aligning capacity with market demand [6][34] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the recovery in demand, particularly in the cross-border market, and expects solid booking trends for the holiday season [12][14] - The company anticipates a healthier yield environment due to supply rationalization in the domestic market [22] - Management emphasized the importance of flexibility in fleet planning to respond to demand trends and market conditions [5][30] Other Important Information - The company has a favorable fleet plan with an order book of 122 aircraft, primarily A320neo to A321neo models [30] - Volaris is enhancing customer service through technology, with 79% of customer interactions now handled digitally [21] - The company launched its in-house loyalty program, Altitude, which has seen strong early response [17] Q&A Session Summary Question: Can you elaborate on the stronger-than-normal seasonality in international markets and the inflection point in the US-Mexico transborder market? - Management noted that since mid-August, sales in the US-Mexico transborder market have been above last year's levels, indicating improved demand and capacity management [38] Question: What are the expected lease returns next year and how do they compare to this year? - The company is budgeting for 17 re-deliveries next year compared to 7 this year, emphasizing the importance of managing capacity in line with consumer demand [40] Question: How should we think about the potential RASM uplift from new initiatives? - Management expects a positive year-over-year impact on RASM from new products starting in 2026, with specific targets to be communicated in future guidance [42][44] Question: What is the expected number of grounded aircraft throughout 2026? - The average number of grounded aircraft is expected to improve to around 32-33 next year, with a goal of no material impacts by the end of 2027 [52][61] Question: How does the company view competition in 2026? - Management anticipates that competition will remain rational, supporting a healthier fare environment, with low to mid single-digit growth budgeted for the domestic market [66]

Key Takeaways UPS posts Q3 EPS of $1.74 and revenue of $21.4B, topping Zacks estimates but down year over year.International Package sales rose 5.9%, offsetting weaker domestic and Supply Chain Solutions results.UPS projects Q4 revenues near $24B and margins up to 11.5%, signaling improved performance ahead.United Parcel Service (UPS)  reported healthy third-quarter 2025 results with both earnings per share and revenues surpassing the Zacks Consensus Estimate.Quarterly earnings per share (excluding 19 cents ...

Core Insights - JetBlue Airways reported a revenue of $2.32 billion for the quarter ended September 2025, reflecting a decrease of 1.8% year-over-year and a slight miss of 0.12% against the Zacks Consensus Estimate [1] - The company posted an EPS of -$0.40, worsening from -$0.16 in the same quarter last year, but exceeded the consensus EPS estimate of -$0.43 by 6.98% [1] Financial Performance Metrics - Load factor was reported at 85.1%, slightly below the estimated 85.8% [4] - Average fuel cost per gallon was $2.49, marginally lower than the estimated $2.51 [4] - Operating revenue per ASM was 13.75 cents, slightly below the estimated 13.78 cents [4] - Available seat miles (ASMs) totaled 16.88 billion, just shy of the estimated 16.89 billion [4] - Operating expense per ASM, excluding fuel, was 11.02 cents, better than the estimated 11.11 cents [4] - Passenger revenue per ASM was 12.65 cents, below the estimated 12.74 cents [4] - Revenue passenger miles (RPMs) reached 14.37 billion, under the estimated 14.54 billion [4] - Fuel gallons consumed were 217.00 million, slightly above the estimated 216.23 million [4] - Operating expense per ASM was 14.34 cents, lower than the estimated 14.43 cents [4] - Yield per passenger mile was 14.86 cents, significantly below the estimated 22.55 cents [4] - Operating revenues from passengers were $2.14 billion, down 2.9% compared to the year-ago quarter and slightly below the estimated $2.15 billion [4] - Operating revenues from other sources were $187 million, exceeding the estimated $177.28 million and representing a 12% increase year-over-year [4] Stock Performance - JetBlue's shares have returned -6.5% over the past month, contrasting with a +3.6% change in the Zacks S&P 500 composite [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [3]

After climbing to new record intraday highs early in the session, stocks have given back some ground over the course of the trading day on Tuesday. The major averages have pulled back well off their highs of the session, with the S&P 500 briefly dipping into negative territory.Currently, the major averages are posting modest gains. The Dow is up 255.49 points or 0.5 percent at 47,800.08, the Nasdaq is up 68.16 points or 0.3 percent at 23,705.62 and the S&P 500 is up 5.40 points or 0.1 percent at 6,880.56.T ...

Jetblue Airways (NasdaqGS:JBLU) Q3 2025 Earnings Call October 28, 2025 10:00 AM ET Company ParticipantsKoosh Patel - Director of Investor RelationsUrsula Hurley - CFOJoanna Geraghty - CEO and DirectotMarty St. George - PresidentJoanna Geraghty - CEOConference Call ParticipantsCatherine O'Brien - Lead U.S. Airline and Aircraft Lessor Equity Research AnalystRavi Shanker - AnalystScott Group - Managing Director and Senior AnalystTom Fitzgerald - AnalystDan McKenzie - AnalystDuane Fenningworth - AnalystSavi Syt ...

Jetblue Airways (NasdaqGS:JBLU) Q3 2025 Earnings Call October 28, 2025 10:00 AM ET Company ParticipantsKoosh Patel - Director of Investor RelationsUrsula Hurley - CFOJoanna Geraghty - CEO and DirectotMarty St. George - PresidentJoanna Geraghty - CEOConference Call ParticipantsCatherine O'Brien - Lead U.S. Airline and Aircraft Lessor Equity Research AnalystRavi Shanker - AnalystScott Group - Managing Director and Senior AnalystTom Fitzgerald - AnalystDan McKenzie - AnalystDuane Fenningworth - AnalystSavi Syt ...

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. This presentation should be ...

Financial Data and Key Metrics Changes - The company ended the quarter with an operating margin 3 points better than the July guidance ranges, supported by a more reliable operation and effective cost control [24] - Unit revenues for the third quarter were down 2.7% year over year, just above the midpoint of the revised guidance range [19] - Fuel price for the third quarter was $2.49, with fourth quarter expectations between $2.33 and $2.48 [25] Business Line Data and Key Metrics Changes - Premium products continued to outperform core offerings, with premium rising growth up six points relative to core [20] - The TrueBlue loyalty program saw a 12% revenue increase, indicating improved customer satisfaction and network recalibration [20] - The company plans to launch 17 new routes and increase frequency on 12 high-demand markets, representing a 35% year-over-year increase for the IATA winter season [13] Market Data and Key Metrics Changes - The demand environment showed signs of recovery, characterized by strong closing bookings and healthy demand for peak travel [19] - The company is seeing robust demand for premium products, with expectations for continued strength in peak periods [21] - The impact of Hurricane Melissa on operations in Jamaica is still being assessed, with Jamaica representing about 2.6% of the company's capacity in the fourth quarter [23] Company Strategy and Development Direction - The company is focused on enhancing its presence in Fort Lauderdale, aiming to strengthen its position in this key market [10] - Jet Forward plan is on track to generate a cumulative $290 million of incremental EBIT this year, with a focus on operational reliability and customer satisfaction [12][27] - The company is implementing Blue Sky collaboration with United Airlines, expected to enhance customer loyalty and generate significant earnings momentum [16] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the fourth quarter, citing strong demand for peak period travel and resilience in the premium leisure segment [11] - The company is confident in its ability to restore profitability and is focused on executing its Jet Forward initiatives [12][28] - Management acknowledged the challenges posed by external factors but emphasized the positive trajectory of customer satisfaction and operational improvements [6][12] Other Important Information - The company retired its remaining Embraer E190 aircraft, completing the transition to an all-Airbus fleet [9] - The first airport lounge at JFK is set to open by the end of this year, with a Boston lounge planned for 2026 [18] - The company is on track to launch domestic first class in 2026, with 25% of the retrofit expected to be complete by the end of that year [18] Q&A Session Summary Question: Impact of competitor's Chapter 11 filing on Fort Lauderdale operations - Management noted that the competitor's pull-downs in Fort Lauderdale have created opportunities for JetBlue to increase flights and improve connections [31][33] Question: Government shutdown's impact on revenue - Management indicated that the government shutdown has not had a material impact on operations or demand [45] Question: Incremental contribution from Jet Forward in 2026 - Management stated that Jet Forward is expected to contribute significantly to earnings, with a focus on premium initiatives and operational improvements [40][41] Question: Liquidity and financing needs over the next 12 to 18 months - Management confirmed a modest capital raise is anticipated to support new aircraft deliveries and a convertible debt maturity [42] Question: Reliability and time on wing for A220 fleet - Management acknowledged reliability challenges with the A220 but noted improvements are expected as aircraft return from AOG [77]

Expect Flight Delays In Atlanta And Denver Amid Air Traffic Staffing Issueshttps://t.co/od4f6CBLnQ https://t.co/2RQV9OFQKm ...