2023-04-25 02:05:54 ET
- Controladora Vuela Compañía de Aviación, S.A.B. de C.V. press release ( NYSE: VLRS ): Q1 GAAP EPADS of -$0.61 misses by $0.21 .
- Revenue of $731M (+28.9% Y/Y) misses by $34.26M .
- Load factor reached 85.0%, 1.6 percentage points higher than in the same period in 2022.
- Total revenue per available seat mile increased 9.5% to $7.71 cents.
- Available seat miles increased 18% to 9.5 billion.
- Average economic fuel cost increased 12% to $3.46 per gallon.
- CASM ex fuel increased 5.7% to $4.65 cents.
- Adjusted CASM ex fuel increased 6.3% to $4.28 cents.
- EBITDAR of $123 million, a 27% increase.
- EBITDAR margin was 16.8%, a reduction of 0.2 percentage points.
- Cash, cash equivalents, and restricted cash position totaled $704 million, representing 23% of the last twelve months' total operating revenue.
- Net debt-to-LTM EBITDAR ratio of 3.8 times.
For further details see:
Controladora Vuela Compañía de Aviación, S.A.B. de C.V. GAAP EPADS of -$0.61 misses by $0.21, revenue of $731M misses by $34.26M