VLRS - Controladora Vuela Compañía de Aviación S.A.B. de C.V. GAAP EPADS of $0.42 revenue of $567M

Controladora Vuela Compañía de Aviación, S.A.B. de C.V. press release (NYSE:VLRS): Q1 GAAP EPADS of $0.42. Revenue of $567M (+80.0% Y/Y). EBITDAR was $97M, an increase of 52%, driven by strong revenue growth, although substantially higher fuel costs were a negative factor during the quarter. EBITDAR margin was 17.0%, a decrease of 3.2 percentage points. Total revenue per available seat mile increased 18% to $7.0 cents. Volaris transported 7.0 million passengers in the quarter, an increase of 64%. Domestic and international passengers increased 58% and 95%, respectively; while total capacity, in terms of available seat miles, increased 50% to 8.1 billion. Load factor reached 83.5%, 5.4 pp higher than the same period of 2021. Net debt-to-LTM EBITDAR ratio of 2.3 times, the lowest level in Volaris' history.

For further details see:

Controladora Vuela Compañía de Aviación, S.A.B. de C.V. GAAP EPADS of $0.42, revenue of $567M