VLRS - Volaris reports 22% increase in July's traffic demand
- Controladora Vuela Compañía de Aviación ( NYSE: VLRS ) reported 28.8% growth in capacity for July 2022 while demand ticked 21.9% higher on year-over-year.
- Load factor was 84.7% (-4.8% Y/Y).
- Passenger demand in the domestic Mexican and international markets increased 22.8% and 19.6%, respectively.
- YTD demand rose 32.2% Y/Y with a load factor expansion of 0.1% to 84.1%.
- "We continue to be disciplined about adding capacity to match our passenger demand. The Company continues to modify its network to rationalize growth in an environment reflective of high jet fuel prices and to reallocate capacity as appropriate to more profitable routes," said Volaris' President and CEO Enrique Beltranena.
- Shares are up 2.16% Monday.
- Earlier: Controladora Vuela Compañía de Aviación, S.A.B. de C.V. Q2 mixed results, raises FY22 revenue guidance
For further details see:
Volaris reports 22% increase in July's traffic demand