MEXICO CITY, April 7, 2020 /PRNewswire/ -- Volaris*
(NYSE: VLRS and BMV: VOLAR), the ultra-low-cost
airline serving Mexico,
the United States and Central America, reported March
2020 preliminary traffic results.
In March 2020, capacity
measured by ASMs (Available Seat Miles) decreased by 5.6% vs the
same period of last year, while demand measured by RPMs
(Revenue Passenger Miles) decreased 10.3% year over year.
Volaris transported a total of 1.6 million passengers
during the month of March, a decrease of 12.8% year over year.
Network-wide load factor for March
2020 was 82.3%, a decrease of 4.3 pp versus last
year.
These decreases were a result of the decline in demand related
to the virus SARS-CoV-2 (COVID-19) pandemic, which affected Volaris
at the end of March.
On March 24, 2020 the Company
announced a decrease in capacity measured by available seat miles
(ASMs) for the months of March and April
2020 of approximately 50% versus the scheduled originally
published.
On March 30, 2020 the Mexican
government through the General Health Council declared a health
emergency due to force majeure, which will be in effect until
April 30, 2020. As a result, on
March 31, 2020 Volaris announced an
additional capacity reduction for the month of April 2020, which results in a decrease of
approximately 80% versus the originally scheduled capacity.
Volaris' President and Chief Executive Officer, Enrique Beltranena, commenting on the traffic
results for March 2020, said: "At the
end of March 2020, the Company began
to experience a significant drop in the demand for air travel which
has seriously affected the entire aviation industry as a result of
the pandemic caused by the COVID-19. Despite this, March passenger
demand delivered a load factor of 82.3%."
The following table summarizes Volaris traffic results for the
month and year to date.
|
March
2020
|
March
2019
|
Variance
|
March
YTD 2020
|
March
YTD
2019
|
Variance
|
RPMs (in
millions, scheduled & charter)
|
|
|
|
|
|
|
Domestic
|
1,123
|
1,234
|
(9.0%)
|
3,660
|
3,386
|
8.1%
|
International
|
404
|
468
|
(13.8%)
|
1,506
|
1,358
|
10.9%
|
Total
|
1,527
|
1,702
|
(10.3%)
|
5,166
|
4,744
|
8.9%
|
ASMs (in
millions, scheduled & charter)
|
|
|
|
|
|
|
Domestic
|
1,309
|
1,381
|
(5.2%)
|
4,253
|
3,971
|
7.1%
|
International
|
546
|
584
|
(6.5%)
|
1,842
|
1,733
|
6.3%
|
Total
|
1,855
|
1,965
|
(5.6%)
|
6,095
|
5,704
|
6.9%
|
Load Factor
(in %, scheduled)
|
|
|
|
|
|
|
Domestic
|
85.8%
|
89.4%
|
(3.6)
pp
|
86.1%
|
85.3%
|
0.8 pp
|
International
|
73.9%
|
80.1%
|
(6.2)
pp
|
81.7%
|
78.6%
|
3.1 pp
|
Total
|
82.3%
|
86.6%
|
(4.3)
pp
|
84.7%
|
83.2%
|
1.5 pp
|
Passengers (in
thousands, scheduled & charter)
|
|
|
|
|
|
|
Domestic
|
1,292
|
1,469
|
(12.1%)
|
4,229
|
4,004
|
5.6%
|
International
|
276
|
329
|
(16.1%)
|
1,048
|
958
|
9.3%
|
Total
|
1,568
|
1,798
|
(12.8%)
|
5,277
|
4,962
|
6.3%
|
The information included in this report has not been audited
and it does not provide information on the company's future
performance. Volaris' future performance depends on many factors
and it cannot be inferred that any period's performance or its
comparison year over year will be an indicator of a similar
performance in the future.
About Volaris:
*("Volaris" or the "Company") (NYSE:
VLRS and BMV: VOLAR), is an ultra-low-cost carrier (ULCC), with
point-to-point operations, serving Mexico, the United
States and Central America.
Volaris offers low base fares to build its market, providing
quality service and extensive customer choice. Since beginning
operations in March 2006, Volaris has
increased its routes from five to more than 98 and its fleet from
four to 82 aircraft. Volaris offers more than 133 daily flight
segments on routes that connect 40 cities in Mexico and 6 cities in the United States and Central America with one of the youngest fleet
in The Americas. Volaris targets passengers who are visiting
friends and relatives, cost-conscious business people and leisure
travelers in Mexico and in
selected destinations in the United
States and Central America.
Volaris has received the ESR Award for Social Corporate
Responsibility for ten consecutive years. For more information,
please visit: www.volaris.com.
Investor Relations contact: María Elena Rodríguez
& Andrea González/ Investor Relations / ir@volaris.com / +52 55
5261 6444
Media contact: Gabriela Fernández / volaris@gcya.mx / +52 55
5246 0100
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SOURCE Volaris