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Controladora Vuela Compania de Aviacion SAB de CV
F:2CDA

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Controladora Vuela Compania de Aviacion SAB de CV
F:2CDA
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Price: 5.6 EUR 8.74% Market Closed
Market Cap: €644.2m

Controladora Vuela Compania de Aviacion SAB de CV
Investor Relations

Controladora Vuela Compañía de Aviación, better known as Volaris, is a low-cost airline. It flies passengers on scheduled routes mainly in Mexico, and also connects Mexico with the United States and a few other destinations. The company sells seats, checked bags, seat selection, and other add-on travel services. Its main customers are leisure travelers, price-sensitive families, and people visiting friends and relatives who want cheap fares and flexible ticket choices. Volaris makes money mostly from passenger tickets and from extra fees tied to the trip, which lets it keep base fares low and earn more from customers who want added convenience. What sets Volaris apart is its ultra-low-cost model. It uses a simple fleet, dense seating, and a no-frills service style to keep prices down and turn aircraft over quickly. In the airline industry, that makes it a high-volume transport business focused on cost control, ancillary sales, and efficient route planning rather than premium service.

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Last Earnings Call
Fiscal Period
Q1 2026
Call Date
Apr 28, 2026
AI Summary
Q1 2026

Revenue: Volaris reported first-quarter operating revenue of $770 million, up 14% year over year, helped by stronger yields, higher base fares and solid ancillary performance.

Fuel pressure: Higher jet fuel was the main drag on margins, and management said first-quarter EBITDAR margin of 22.9% came in 2 points below guidance because fuel ran well above plan.

Guidance reset: The company suspended full-year 2026 guidance because of fuel volatility and geopolitical uncertainty, while still signaling a lower full-year ASM growth outlook of about 4% versus the original 7%.

Q2 outlook: Management expects second-quarter ASM growth of 0% to 2%, TRASM of about $0.095, CASM ex fuel of about $0.068 and EBITDAR margin around 13%.

Pricing actions: Volaris has already implemented double-digit fare increases and selected ancillary price hikes, and it expects to recapture about 20% to 30% of incremental fuel costs in the second quarter.

Fleet flexibility: The airline is cutting capacity tactically, mainly in domestic flying, while accelerating GTF engine repairs and shifting toward more fuel-efficient aircraft to protect cash and improve future margins.

Viva deal: The Viva transaction remains in regulatory review, with management saying the process is moving forward and may take up to 12 months from announcement.

Key Financials
Operating revenue
$770 million
ASM growth
2.3%
TRASM
$0.0862
Base fare
10% increase
Ancillary revenue per passenger
8% increase
Ancillaries as share of operating revenue
57%
CASM ex fuel
$0.0604
EBITDAR margin
22.9%
Gulf Coast jet fuel price
$2.56 per gallon
Cash
$766 million
Total liquidity
$767 million
Net leverage
3.2x
Net debt-to-EBITDAR
3.2x
Operating cash flow
$251 million
CapEx excluding fleet predelivery payment
$87 million
Net loss
$71 million
Loss per ADS
$0.62
Average aircraft on ground
36
Aircraft on ground at quarter end
32
Fleet size
155 aircraft
Active loyalty members
more than 1 million
Fuel recapture
20% to 30%
April and May schedule reductions
approximately 2 percentage points in April and 9 percentage points in May
Earnings Call Recording
Other Earnings Calls

Management

Mr. Enrique Javier Beltranena Mejicano
President, CEO & Director
No Bio Available
Mr. Jaime Esteban Pous Fernandez
Senior VP & CFO
No Bio Available
Mr. Jose Luis Suarez Duran
Senior VP & COO
No Bio Available
Renato Salomone
Senior Corporate Finance & Investor Relations Director
No Bio Available
Mr. Jose Alejandro de Iturbide Gutierrez
Chief Legal Officer, VP & Secretary of the Board of Directors
No Bio Available
Daniel Gelemovich
Director of Marketing & Digital
No Bio Available
Mr. Holger Blankenstein
Executive Vice President of Airline Commercial & Operations
No Bio Available
Mr. Dionisio Perez-Jacome Friscione
Vice President of Sustainability & Corporate Affairs
No Bio Available

Contacts

Address
MEXICO, D.F.
Mexico City
Av. Antonio Dovali Jaime No. 70, 13 Floor, Tower B, Colonia Zedec
Contacts
+525552616400.0
ir.volaris.com
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