VLRS - Controladora Vuela Compañía de Aviación S.A.B. de C.V. Q2 mixed results raises FY22 revenue guidance
- Controladora Vuela Compañía de Aviación, S.A.B. de C.V. press release ( NYSE: VLRS ): Q2 GAAP EPADS of -$0.42 beats by $0.26 .
- Revenue of $691M (+20.4% Y/Y) misses by $3.38M .
- Total revenue per available seat mile remained flat at $8.3 cents.
- EBITDAR of $107 million, a 54% decrease. EBITDAR margin was 15.5%, a decrease of 25.3 percentage points.
- Net debt-to-LTM EBITDAR ratio of 2.9 times, compared to 4.5 times.
- Volaris is updating its full year 2022 guidance: Adjusts its capacity growth guidance (ASMs) to 23-25% compared to 2021; Holds its total operating revenue in the range of $2.8 to $3.0 billion for 2022 vs. consensus of $2.80B (prior US$2.6 to US$2.8 billion).
- Continues expecting a full year CASM ex-fuel growth between 1% and 3% compared to 2021.
- Decreased its EBITDAR margin guidance from high twenties to low twenties.
- Confirms CAPEX in the range of $140 to $145 million.
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Controladora Vuela Compañía de Aviación, S.A.B. de C.V. Q2 mixed results, raises FY22 revenue guidance