Volaris Reports October 2022 Traffic Results: 22% YoY Demand Growth with a 90% Load Factor

Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE: VLRS and BMV: VOLAR), the ultra-low-cost carrier (ULCC) serving Mexico, the United States, Central, and South America, reports its October 2022 preliminary traffic results.

In October 2022, Volaris' capacity (measured in ASMs) increased by 17.4% year-over-year, while demand (measured in RPMs) increased by 22.0%; the result was a load factor expansion of 3.4 pp, to 89.7%. Volaris transported 2.8 million passengers during the month, a 22.0% increase compared to October 2021. Demand in the domestic Mexican and international markets increased by 19.5% and 28.7%, respectively. Year-to-date, Volaris' demand increased 29.1% YoY, with load factor expanding 1.3 pp year-over-year, to 85.4%.

Enrique Beltranena, Volaris' President and CEO said: "Demand remains resilient and load factor in October reached another monthly record. We are encouraged by our revenue management strategy: i. Moderating base fares in certain price-sensitive domestic markets to deliver strong load factors; and ii. Raising base fares in the international market, including Central America, to offset the higher cost of fuel in our longer sectors. As a result of continuing demand strength across both domestic and international markets, our demand grew more than our capacity, delivering record load factors."