Looking ahead to 2026, we expect approximately 7% ASM growth, aligned with our disciplined capacity deployment strategy and strategically weighted towards the cross-border market. Importantly, this outlook is supported by a meaningful reduction in engine-related aircraft on ground — from 41 in January to 25 by year-end. While the pull-forward of maintenance activity and higher redelivery accruals will temporarily pressure unit costs early in the year, these proactive actions position us to restore fleet availability sooner, improve profitability as the year progresses, and narrow the EBITDAR-to-EBIT margin spread by approximately four percentage points. We are confident in the next phase of our growth as we continue refining our network and product, maintaining operational discipline, and delivering long-term shareholder value.”
Fourth Quarter 2025 Highlights
(All figures are reported in
- Net income of
$4 million . Earnings per American Depositary Share (ADS) of$4 cents . - Total operating revenues of
$882 million , a 6% increase. - Total revenue per available seat mile (TRASM) stood at
$9.35 cents , remaining effectively flat. - Available seat miles (ASMs) increased by 6% to 9.4 billion.
- Total operating expenses of
$782 million , compared with$718 million in the previous year. - Total operating expenses per available seat mile (CASM) increased 3% to
$8.29 cents . - Average economic fuel cost increased 6% to
$2.65 per gallon. - CASM ex fuel increased 1% to
$5.76 cents . - EBITDAR remained essentially stable at
$328 million . - EBITDAR margin was 37.2%, down by 2.4 percentage points.
- Total cash, cash equivalents, and short-term investments totaled
$774 million , representing 25% of the last twelve months’ total operating revenue. - Net debt-to-LTM EBITDAR2 ratio of 3.1x, remaining unchanged when compared to the previous quarter.
1 The financial information, unless otherwise indicated, is presented in accordance with the International Financial Reporting Standards (IFRS).
2 Includes short-term investments.
Full Year 2025 Highlights
(All figures are reported in
- Net loss of
$104 million . Loss per American Depositary Share (ADS) of$91 cents . - Total operating revenues of
$3,038 million , a 3% decrease. - Total revenue per available seat mile (TRASM) decreased 9% to
$8.41 cents . - Available seat miles (ASMs) increased 6% to 36.1 billion.
- Total operating expenses of
$2,903 million , compared with$2,729 million in the previous year. - Total operating expenses per available seat mile (CASM) remained essentially flat at
$8.04 cents . - Average economic fuel cost decreased 6% to
$2.59 per gallon. - CASM ex fuel increased 4% to
$5.58 cents . - EBITDAR of
$988 million , a 13% decrease. - EBITDAR margin was 32.5%, a decrease of 3.8 percentage points.
Fourth Quarter and Full Year 2025
(All figures are reported in
| Fourth Quarter | Full Year | |||||
| Consolidated Financial Highlights | 2025 | 2024 | Var. | 2025 | 2024 | Var. |
| Total operating revenues (millions) | 882 | 835 | 5.6 % | 3,038 | 3,142 | (3.3%) |
| TRASM (cents) | 9.35 | 9.35 | 0.0% | 8.41 | 9.24 | (9.0%) |
| ASMs (millions, scheduled & charter) | 9,429 | 8,930 | 5.6% | 36,118 | 33,990 | 6.3% |
| Load Factor (scheduled, RPMs/ASMs) | 85.1% | 87.3% | (2.2 pp) | 84.3% | 86.8% | (2.5 pp) |
| Passengers (thousands, scheduled & charter) | 8,191 | 7,848 | 4.4% | 30,995 | 29,473 | 5.2% |
| Fleet (at the end of the period) | 155 | 143 | 12 | 155 | 143 | 12 |
| Total operating expenses (millions) | 782 | 718 | 8.9 % | 2,903 | 2,729 | 6.4 % |
| CASM (cents) | 8.29 | 8.04 | 3.2% | 8.04 | 8.03 | 0.1% |
| CASM ex fuel (cents) | 5.76 | 5.68 | 1.4% | 5.58 | 5.40 | 3.5% |
| Adjusted CASM ex fuel (cents)3 | 5.26 | 5.25 | 0.1% | 5.12 | 5.09 | 0.5% |
| Operating income (EBIT) (millions) | 100 | 117 | (14.5%) | 135 | 413 | (67.3%) |
| % EBIT Margin | 11.3% | 14.0% | (2.7 pp) | 4.4% | 13.2% | (8.7 pp) |
| Net income (loss) (millions) | 4 | 46 | (91.3%) | (104) | 126 | N/A |
| % Net income (loss) Margin | 0.5% | 5.5% | (5.0 pp) | (3.4%) | 4.0% | (7.5 pp) |
| EBITDAR (millions) | 328 | 331 | (0.9%) | 988 | 1,141 | (13.4%) |
| % EBITDAR Margin | 37.2% | 39.6% | (2.4 pp) | 32.5% | 36.3% | (3.8 pp) |
| Net debt-to-LTM EBITDAR4 | 3.1x | 2.6x | 0.5x | 3.1x | 2.6x | 0.5x |
| Note: Figures are rounded for convenience purposes. Further detail found in financial and operating indicators. | ||||||
| 3 Excludes fuel expense, aircraft and engine variable lease expenses and sale and leaseback gains. | ||||||
| 4 Includes short-term investments. | ||||||
Reconciliation of CASM to Adjusted CASM ex fuel:
| Fourth Quarter | Full Year | |||||
| Reconciliation of CASM | 2025 | 2024 | Var. | 2025 | 2025 | Var. |
| CASM (cents) | 8.29 | 8.04 | 3.2% | 8.04 | 8.03 | 0.1% |
| Fuel expense | (2.53) | (2.36) | 7.1% | (2.46) | (2.63) | (6.4%) |
| CASM ex fuel | 5.76 | 5.68 | 1.4% | 5.58 | 5.40 | 3.5% |
| Aircraft and engine variable lease expenses5 | (0.61) | (0.58) | 5.1% | (0.54) | (0.40) | 36.5% |
| Sale and lease back gains | 0.11 | 0.15 | (27.6%) | 0.08 | 0.09 | (14.3%) |
| Adjusted CASM ex fuel | 5.26 | 5.25 | 0.1% | 5.12 | 5.09 | 0.5% |
| Note: Figures are rounded for convenience purposes. Further detail found in financial and operating indicators. | ||||||
| 5 Aircraft redeliveries. | ||||||
Fourth Quarter 2025
(All figures are reported in
Total operating revenues for the quarter amounted to
Total capacity, in terms of available seat miles (ASMs), was 9.4 billion, representing a 5.6% increase.
Booked passengers totaled 8.2 million, a 4.4% increase. Mexican domestic booked passengers increased 2.9%, while international booked passengers increased 8.4%.
TRASM remained effectively flat at
The average base fare per passenger stood at
The load factor for the quarter reached 85.1%, representing a 2.2 percentage point decrease.
Total operating expenses were
CASM totaled
The average economic fuel cost increased 5.5% to
CASM ex fuel increased 1.4% to
Comprehensive financing result represented an expense of
Income tax expense was
Net income in the quarter was
EBITDAR for the quarter remained stable compared to the previous year, reaching
Cash Flow
For the fourth quarter, net cash flow provided by operating and investing activities was
Full Year 2025
(All figures are reported in
Total operating revenues for the year amounted to
Total capacity, in terms of available seat miles (ASMs), was 36.1 billion, representing a 6.3% increase.
Booked passengers totaled 31.0 million, a 5.2% increase. Mexican domestic booked passengers increased 5.0%, while international booked passengers increased 5.5%.
TRASM decreased 9.0% at
The average base fare per passenger stood at
The load factor reached 84.3%, representing a 2.5 percentage point decrease.
Total operating expenses were
CASM totaled
The average economic fuel cost decreased 6.0% to
CASM ex fuel increased 3.5% to
Comprehensive financing result represented an expense of
The Company recorded an income tax benefit of
For the full year 2025, Volaris reported a net loss of
Volaris registered an EBITDAR of
Balance Sheet, Liquidity, and Capital Allocation
As of
Net cash flow provided by operating activities was
The financial debt amounted to
Net debt-to-LTM EBITDAR6 ratio stood at 3.1x, consistent with the previous quarter, and compared to 2.6x at the end of 2024.
The average exchange rate for the year was Ps.19.22 per
6 Includes short-term investments.
2026 Guidance
For the full year 2026, the Company expects:
| 2026 | 2025 (1) | |||
| Full Year 2026 Guidance | ||||
| ASM growth (YoY) | ~7% | 6.3% | ||
| EBITDAR margin | ~33% | 32.5% | ||
| CAPEX (2) | ||||
| Average USD/MXN rate | ~Ps. 17.70 | Ps. 19.22 | ||
(1) For convenience purposes, actual reported figures for 2025 are included.
(2) CAPEX net of financed fleet predelivery payments.
For the first quarter of 2026, the Company expects:
| 1Q’26 | 1Q’25 (3) | |||
| 1Q’26 Guidance | ||||
| ASM growth (YoY) | ~3% | 6.3% | ||
| TRASM | ||||
| CASM ex fuel | ||||
| EBITDAR margin | ~25% | 29.9% | ||
| Average USD/MXN rate | ~Ps. 17.50 | Ps. 20.42 | ||
(3) For convenience purposes, actual reported figures for 1Q'25 are included.
The full year and first quarter 2026 outlooks presented above include the compensation that Volaris expects to receive for the projected grounded aircraft resulting from the GTF engine inspections, in accordance with the Company’s agreement with
The Company's outlook is subject to unforeseen disruptions, macroeconomic factors, or other negative impacts that may affect its business and is based on several assumptions, including the foregoing, which are subject to change and may be outside the control of the Company and its management. The Company's expectations may change if actual results vary from these assumptions. There can be no assurances that Volaris will achieve these results.
Fleet
During the fourth quarter, Volaris retired its last A319ceo aircraft and one A320ceo aircraft. The Company added three A320neo’s, and two A321neo’s to its fleet, bringing the total number of aircraft to 155. At the end of the year, Volaris’ fleet had an average age of 6.6 years and an average seating capacity of 199 passengers per aircraft. Of the total fleet, 66% of the aircraft are New Engine Option (NEO) models.
| Fourth Quarter | Third Quarter | |||||
| Total Fleet | 2025 | 2024 | Var. | 2025 | Var. | |
| CEO | ||||||
| A319 | 0 | 3 | (3) | 1 | (1) | |
| A320 | 43 | 44 | (1) | 44 | (1) | |
| A321 | 10 | 10 | - | 10 | - | |
| NEO | ||||||
| A320 | 64 | 53 | 11 | 61 | 3 | |
| A321 | 38 | 33 | 5 | 36 | 2 | |
| Total aircraft at the end of the period | 155 | 143 | 12 | 152 | 3 | |
Proposed Airline Group Formation
In
Investors are urged to carefully read the Company’s periodic reports filed with or provided to the Securities and Exchange Commission, for additional information regarding the Company.
Investor Relations Contact
Liliana Juárez / ir@volaris.com
Media Contact
Conference Call Details
| Date: | |
| Time: | |
| Webcast link: | Volaris Webcast (View the live webcast) |
| Dial-in & Live Q&A link: |
|
About Volaris
*Controladora Vuela Compañía de Aviación,
Forward-Looking Statements
Statements in this release contain various forward-looking statements within the meaning of Section 27A of the
Supplemental Information on Non-IFRS Measures
We evaluate our financial performance by using various financial measures that are not performance measures under International Financial Reporting Standards (“non-IFRS measures”). These non-IFRS measures include CASM, CASM ex fuel, Adjusted CASM ex fuel, EBITDAR, Net debt-to-LTM EBITDAR, Total cash, cash equivalents and short-term investments. We define CASM as total operating expenses by available seat mile. We define CASM ex fuel as total operating expenses by available seat mile, excluding fuel expense. We define Adjusted CASM ex fuel as total operating expenses by available seat mile, excluding fuel expense, aircraft and engine variable lease expenses and sale and lease back gains. We define EBITDAR as earnings before interest, income tax, depreciation and amortization, depreciation of right of use assets and aircraft and engine variable lease expenses. We define Net debt-to-LTM EBITDAR as Net debt divided by LTM EBITDAR. We define Total cash, cash equivalents and short-term investments as the sum of cash, cash equivalents and short-term investments.
These non-IFRS measures are provided as supplemental information to the financial information presented in this release that is calculated and presented in accordance with International Financial Reporting Standards (“IFRS”) because we believe that they, in conjunction with the IFRS financial information, provide useful information to management’s, analysts and investors overall understanding of our operating performance.
Because non-IFRS measures are not calculated in accordance with IFRS, they should not be considered superior to and are not intended to be considered in isolation or as a substitute for the related IFRS measures presented in this release and may not be the same as or comparable to
similarly titled measures presented by other companies due to possible differences in the method of calculation and the items being adjusted.
We encourage investors to review our financial statements and other filings with the Securities and Exchange Commission in their entirety for additional information regarding the Company and not to rely on any single financial measure.
| Controladora Vuela Compañía de Aviación, | |||
| Financial and Operating Indicators | |||
| Unaudited ( | Three months ended | Three months ended | Variance |
| Total operating revenues (millions) | 882 | 835 | 5.6% |
| Total operating expenses (millions) | 782 | 718 | 8.9% |
| EBIT (millions) | 100 | 117 | (14.5%) |
| EBIT margin | 11.3% | 14.0% | (2.7 pp) |
| Depreciation and amortization (millions) | 170 | 162 | 4.9% |
| Aircraft and engine variable lease expenses (millions) | 58 | 52 | 11.5% |
| Net income (millions) | 4 | 46 | (91.3%) |
| Net income margin | 0.5% | 5.5% | (5.0 pp) |
| Earnings per share (1): | |||
| Basic | 0.00 | 0.04 | (90.9%) |
| Diluted | 0.00 | 0.04 | (90.9%) |
| Earnings per ADS *: | |||
| Basic | 0.04 | 0.40 | (90.9%) |
| Diluted | 0.04 | 0.39 | (90.9%) |
| Weighted average shares outstanding: | |||
| Basic | 1,148,703,510 | 1,150,123,382 | (0.1%) |
| Diluted | 1,162,684,556 | 1,165,507,122 | (0.2%) |
| Financial Indicators | |||
| Total operating revenue per ASM (TRASM) (cents) (2) | 9.35 | 9.35 | 0.0% |
| Average base fare per passenger | 47 | 50 | (4.4%) |
| Total ancillary revenue per passenger (3) | 60 | 57 | 6.1% |
| Total operating revenue per passenger | 108 | 106 | 1.2% |
| Operating expenses per ASM (CASM) (cents) (2) | 8.29 | 8.04 | 3.2% |
| CASM ex fuel (cents) (2) | 5.76 | 5.68 | 1.4% |
| Adjusted CASM ex fuel (cents) (2) (4) | 5.26 | 5.25 | 0.1% |
| Operating Indicators | |||
| Available seat miles (ASMs) (millions) (2) | 9,429 | 8,930 | 5.6% |
| Domestic | 5,307 | 5,193 | 2.2% |
| International | 4,122 | 3,737 | 10.3% |
| Revenue passenger miles (RPMs) (millions) (2) | 8,019 | 7,796 | 2.9% |
| Domestic | 4,764 | 4,762 | 0.0% |
| International | 3,256 | 3,034 | 7.3% |
| Load factor (5) | 85.1% | 87.3% | (2.2 pp) |
| Domestic | 89.8% | 91.7% | (1.9 pp) |
| International | 79.0% | 81.2% | (2.2 pp) |
| Booked passengers (thousands) (2) | 8,191 | 7,848 | 4.4% |
| Domestic | 5,911 | 5,745 | 2.9% |
| International | 2,280 | 2,103 | 8.4% |
| Departures (2) | 49,465 | 45,566 | 8.6% |
| Block hours (2) | 125,867 | 118,050 | 6.6% |
| Aircraft at end of period | 155 | 143 | 12 |
| Average daily aircraft utilization (block hours) | 12.36 | 13.13 | (5.9%) |
| Fuel gallons accrued (millions) | 89.62 | 83.39 | 7.5% |
| Average economic fuel cost per gallon (6) | 2.65 | 2.51 | 5.5% |
| Average exchange rate | 18.31 | 20.07 | (8.7%) |
| Exchange rate at the end of the period | 17.97 | 20.27 | (11.4%) |
| *Each ADS represents ten CPOs and each CPO represents a financial interest in one Series A share | |||
| (1) The basic and diluted loss or earnings per share are calculated in accordance with IAS 33. Basic loss or earnings per share is calculated by dividing net loss or earnings by the average number of shares outstanding (excluding treasury shares). Diluted loss or earnings per share is calculated by dividing net loss or earnings by the average number of shares outstanding adjusted for dilutive effects. | (2) Includes scheduled and charter. (3) Includes “Other passenger revenues” and “Non-passenger revenues”. (4) Excludes fuel expense, aircraft and engine variable lease expenses and sale and lease-back gains. (5) Includes scheduled. (6) Excludes Non-creditable VAT. | ||
| Controladora Vuela Compañía de Aviación, | |||
| Financial and Operating Indicators | |||
| Unaudited ( | Twelve months ended | Twelve months ended | Variance |
| Total operating revenues (millions) | 3,038 | 3,142 | (3.3%) |
| Total operating expenses (millions) | 2,903 | 2,729 | 6.4% |
| EBIT (millions) | 135 | 413 | (67.3%) |
| EBIT margin | 4.4% | 13.2% | (8.7 pp) |
| Depreciation and amortization (millions) | 657 | 593 | 10.8% |
| Aircraft and engine variable lease expenses (millions) | 196 | 135 | 45.2% |
| Net (loss) income (millions) | (104) | 126 | N/A |
| Net (loss) income margin | (3.4%) | 4.0% | (7.5 pp) |
| (Loss) earnings per share (1): | |||
| Basic | (0.09) | 0.11 | N/A |
| Diluted | (0.09) | 0.11 | N/A |
| (Loss) earnings per ADS *: | |||
| Basic | (0.91) | 1.10 | N/A |
| Diluted | (0.90) | 1.08 | N/A |
| Weighted average shares outstanding: | |||
| Basic | 1,149,207,934 | 1,150,743,230 | (0.1%) |
| Diluted | 1,163,188,182 | 1,165,858,647 | (0.2%) |
| Financial Indicators | |||
| Total operating revenue per ASM (TRASM) (cents) (2) | 8.41 | 9.24 | (9.0%) |
| Average base fare per passenger | 42 | 51 | (18.4%) |
| Total ancillary revenue per passenger (3) | 56 | 55 | 1.6% |
| Total operating revenue per passenger | 98 | 107 | (8.1%) |
| Operating expenses per ASM (CASM) (cents) (2) | 8.04 | 8.03 | 0.1% |
| CASM ex fuel (cents) (2) | 5.58 | 5.40 | 3.5% |
| Adjusted CASM ex fuel (cents) (2) (4) | 5.12 | 5.09 | 0.5% |
| Operating Indicators | |||
| Available seat miles (ASMs) (millions) (2) | 36,118 | 33,990 | 6.3% |
| Domestic | 20,927 | 20,030 | 4.5% |
| International | 15,191 | 13,960 | 8.8% |
| Revenue passenger miles (RPMs) (millions) (2) | 30,453 | 29,505 | 3.2% |
| Domestic | 18,617 | 18,161 | 2.5% |
| International | 11,836 | 11,344 | 4.3% |
| Load factor (5) | 84.3% | 86.8% | (2.5 pp) |
| Domestic | 89.0% | 90.7% | (1.7 pp) |
| International | 77.9% | 81.3% | (3.3 pp) |
| Booked passengers (thousands) (2) | 30,995 | 29,473 | 5.2% |
| Domestic | 22,799 | 21,705 | 5.0% |
| International | 8,195 | 7,768 | 5.5% |
| Departures (2) | 188,848 | 173,209 | 9.0% |
| Block hours (2) | 481,472 | 451,822 | 6.6% |
| Aircraft at end of period | 155 | 143 | 12 |
| Average daily aircraft utilization (block hours) | 12.76 | 13.03 | (2.1%) |
| Fuel gallons accrued (millions) | 339.96 | 322.70 | 5.3% |
| Average economic fuel cost per gallon (6) | 2.59 | 2.75 | (6.0%) |
| Average exchange rate | 19.22 | 18.30 | 5.0% |
| Exchange rate at the end of the year | 17.97 | 20.27 | (11.4%) |
| *Each ADS represents ten CPOs and each CPO represents a financial interest in one Series A share | |||
| (1) The basic and diluted loss or earnings per share are calculated in accordance with IAS 33. Basic loss or earnings per share is calculated by dividing net loss or earnings by the average number of shares outstanding (excluding treasury shares). Diluted loss or earnings per share is calculated by dividing net loss or earnings by the average number of shares outstanding adjusted for dilutive effects. | (2) Includes scheduled and charter. (3) Includes “Other passenger revenues” and “Non-passenger revenues”. (4) Excludes fuel expense, aircraft and engine variable lease expenses and sale and lease-back gains. (5) Includes scheduled. (6) Excludes Non-creditable VAT. | ||
| Controladora Vuela Compañía de Aviación, | |||
| Consolidated Statement of Operations | |||
| Unaudited (In millions of | Three months ended | Three months ended | Variance |
| Operating revenues: | |||
| Passenger revenues | 838 | 803 | 4.4 % |
| Fare revenues | 389 | 390 | (0.3%) |
| Other passenger revenues | 449 | 413 | 8.7% |
| Non-passenger revenues | 44 | 32 | 37.5 % |
| Cargo | 6 | 5 | 20.0% |
| Other non-passenger revenues | 38 | 27 | 40.7% |
| Total operating revenues | 882 | 835 | 5.6 % |
| Other operating income | (59) | (64) | (7.8%) |
| Fuel expense | 239 | 211 | 13.3% |
| Aircraft and engine variable lease expenses | 58 | 52 | 11.5% |
| Salaries and benefits | 119 | 112 | 6.3% |
| Landing, take-off and navigation expenses | 150 | 127 | 18.1% |
| Sales, marketing and distribution expenses | 41 | 36 | 13.9% |
| Maintenance expenses | 35 | 28 | 25.0% |
| Depreciation and amortization | 53 | 52 | 1.9% |
| Depreciation of right of use assets | 117 | 110 | 6.4% |
| Other operating expenses | 29 | 54 | (46.3%) |
| Total operating expenses | 782 | 718 | 8.9 % |
| Operating income | 100 | 117 | (14.5%) |
| Finance income | 13 | 13 | 0.0% |
| Finance cost | (82) | (86) | (4.7%) |
| Exchange gain (loss), net | 6 | (3) | N/A |
| Comprehensive financing result | (63) | (76) | (17.1%) |
| Income before income tax | 37 | 41 | (9.8%) |
| Income tax (expense) benefit | (33) | 5 | N/A |
| Net income | 4 | 46 | (91.3%) |
| Controladora Vuela Compañía de Aviación, | |||
| Consolidated Statement of Operations | |||
| (In millions of | Twelve months ended (Unaudited) | Twelve months ended (Audited) | Variance |
| Operating revenues: | |||
| Passenger revenues | 2,883 | 3,010 | (4.2%) |
| Fare revenues | 1,302 | 1,517 | (14.2%) |
| Other passenger revenues | 1,581 | 1,493 | 5.9% |
| Non-passenger revenues | 155 | 132 | 17.4 % |
| Cargo | 21 | 21 | 0.0% |
| Other non-passenger revenues | 134 | 111 | 20.7% |
| Total operating revenues | 3,038 | 3,142 | (3.3%) |
| Other operating income | (222) | (206) | 7.8% |
| Fuel expense | 886 | 894 | (0.9%) |
| Aircraft and engine variable lease expenses | 196 | 135 | 45.2% |
| Salaries and benefits | 451 | 411 | 9.7% |
| Landing, take-off and navigation expenses | 544 | 493 | 10.3% |
| Sales, marketing and distribution expenses | 144 | 169 | (14.8%) |
| Maintenance expenses | 130 | 100 | 30.0% |
| Depreciation and amortization | 208 | 183 | 13.7% |
| Depreciation of right of use assets | 449 | 410 | 9.5% |
| Other operating expenses | 117 | 140 | (16.4%) |
| Total operating expenses | 2,903 | 2,729 | 6.4 % |
| Operating income | 135 | 413 | (67.3%) |
| Finance income | 48 | 49 | (2.0%) |
| Finance cost | (314) | (294) | 6.8% |
| Exchange gain, net | 13 | 14 | (7.1%) |
| Comprehensive financing result | (253) | (231) | 9.5 % |
| (Loss) income before income tax | (118) | 182 | N/A |
| Income tax benefit (expense) | 14 | (56) | N/A |
| Net (loss) income | (104) | 126 | N/A |
| Controladora Vuela Compañía de Aviación, | ||||
| Reconciliation of Total Ancillary Revenue per Passenger | ||||
| The following table provides additional details about the components of total ancillary revenue for the quarter: | ||||
| Unaudited (In millions of | Three months ended | Three months ended | Variance | |
| Other passenger revenues | 449 | 413 | 8.7% | |
| Non-passenger revenues | 44 | 32 | 37.5% | |
| Total ancillary revenues | 493 | 445 | 10.8% | |
| Booked passengers (thousands) (1) | 8,191 | 7,848 | 4.4% | |
| Total ancillary revenue per passenger | 60 | 57 | 6.1% | |
| (1) Includes scheduled and charter. | ||||
| Controladora Vuela Compañía de Aviación, | |||
| Reconciliation of Total Ancillary Revenue per Passenger | |||
| The following table shows additional details about the components of total ancillary revenue for the full year: | |||
| (In millions of | Twelve months ended (Unaudited) | Twelve months ended (Audited) | Variance |
| Other passenger revenues | 1,581 | 1,493 | 5.9% |
| Non-passenger revenues | 155 | 132 | 17.4% |
| Total ancillary revenues | 1,736 | 1,625 | 6.8 % |
| Booked passengers (thousands) (1) | 30,995 | 29,473 | 5.2% |
| Total ancillary revenue per passenger | 56 | 55 | 1.6 % |
| (1) Includes scheduled and charter. | |||
| Controladora Vuela Compañía de Aviación, | ||
| Consolidated Statement of Financial Position | ||
| (In millions of | As of (Unaudited) | As of (Audited) |
| Assets | ||
| Cash and cash equivalents | 754 | 908 |
| Short-term investments | 20 | 46 |
| Total cash, cash equivalents, and short-term investments (1) | 774 | 954 |
| Accounts receivable, net | 262 | 139 |
| Inventories | 17 | 17 |
| Guarantee deposits | 278 | 227 |
| Derivative financial instruments | - | - |
| Prepaid expenses and other current assets | 63 | 45 |
| Total current assets | 1,394 | 1,382 |
| Right of use assets | 2,531 | 2,470 |
| Rotable spare parts, furniture and equipment, net | 948 | 1,070 |
| Intangible assets, net | 38 | 26 |
| Derivatives financial instruments | - | - |
| Deferred income taxes | 360 | 286 |
| Guarantee deposits | 341 | 426 |
| Other long-term assets | 25 | 43 |
| Total non-current assets | 4,243 | 4,321 |
| Total assets | 5,637 | 5,703 |
| Liabilities and equity | ||
| Unearned transportation revenue | 361 | 343 |
| Accounts payable | 192 | 164 |
| Accrued liabilities | 269 | 222 |
| Other taxes and fees payable | 269 | 274 |
| Income taxes payable | 12 | 29 |
| Financial debt | 262 | 284 |
| Lease liabilities | 409 | 391 |
| Other liabilities | 143 | 63 |
| Total short-term liabilities | 1,917 | 1,770 |
| Financial debt | 441 | 526 |
| Accrued liabilities | 7 | 8 |
| Employee benefits | 15 | 13 |
| Deferred income taxes | 12 | 18 |
| Lease liabilities | 2,744 | 2,670 |
| Other liabilities | 238 | 333 |
| Total long-term liabilities | 3,457 | 3,568 |
| Total liabilities | 5,374 | 5,338 |
| Equity | ||
| Capital stock | 248 | 248 |
| (13) | (13) | |
| Contributions for future capital increases | - | - |
| Legal reserve | 17 | 17 |
| Additional paid-in capital | 283 | 283 |
| Accumulated deficit | (126) | (22) |
| Accumulated other comprehensive loss | (146) | (148) |
| Total equity | 263 | 365 |
| Total liabilities and equity | 5,637 | 5,703 |
| (1) Unaudited non-GAAP measure. | ||
| Controladora Vuela Compañía de Aviación, | ||
| Consolidated Statement of Cash Flows – Cash Flow Data Summary | ||
| Unaudited (In millions of | Three months ended | Three months ended |
| Net cash flow provided by operating activities | 252 | 308 |
| Net cash flow provided by (used in) investing activities | 2 | (85) |
| Net cash flow used in financing activities* | (280) | (98) |
| (Decrease) increase in cash and cash equivalents | (26) | 125 |
| Net foreign exchange differences | 1 | (1) |
| Cash and cash equivalents at beginning of period | 779 | 784 |
| Cash and cash equivalents at end of period | 754 | 908 |
| *Includes aircraft rental payments of | ||
| Controladora Vuela Compañía de Aviación, | ||
| Consolidated Statement of Cash Flows – Cash Flow Data Summary | ||
| (In millions of | Twelve months ended (Unaudited) | Twelve months ended (Audited) |
| Net cash flow provided by operating activities | 750 | 1,090 |
| Net cash flow used in investing activities | (89) | (472) |
| Net cash flow used in financing activities* | (819) | (472) |
| (Decrease) increase in cash and cash equivalents | (158) | 146 |
| Net foreign exchange differences | 4 | (12) |
| Cash and cash equivalents at beginning of year | 908 | 774 |
| Cash and cash equivalents at end of year | 754 | 908 |
| *Includes aircraft rental payments of | ||
