Volaris has reported a fourth quarter 2024 net profit of $46 million or $0.40 per American Depositary Share (ADS) on a year-over-year decline in revenue of 7.0 percent to $835 million.
On Monday (February 24, 2025), Volaris reported their fourth quarter financial results for the period ending December 31, 2024. The carrier reported a fourth quarter net profit of $46 million or $0.40 per ADS share on a year-over-year decline in revenue to $835 million. Volaris’ Q4 2024 total revenue per available seat mile (TRASM) decreased 2.0 percent compared to the same period last year to 9.35 cents, while cost per available seat mile (CASM) increased 3.0 percent to 8.04 cents. Costs excluding fuel (CASM-ex) increased 17.0 percent versus Q4 2023 to 5.68 cents. At December 31, 2024, Volaris had cash, cash equivalents and restricted cash totaling $908 million.
In Monday’s announcement, Volaris’ President and Chief Executive Officer, Enrique Beltranena, said,
“2024 was a remarkable year for Volaris. Despite continuous adversity from GTF engine inspections and aircraft groundings, we generated some of our best top and bottom-line results. Thanks to the work of our management team and Ambassadors, we posted a net profit each quarter and achieved a full-year EBITDAR margin of 36%. Throughout the year, we remained focused on reshaping the company, increasing profitability, and upholding our commitment to schedule integrity, customer preference and operational excellence.
“Looking ahead, we anticipate the ongoing engine inspections to affect a significant portion of our fleet not only in 2025, but also in 2026 and 2027. In response, we remain focused on harmonizing three critical areas to maximize return on investment: 1) balancing unscheduled engine removals, inspections, and GTF engine returns; 2) managing new aircraft arrivals from Airbus; and 3) optimizing aircraft returns and lease extensions.
“For 2025, considering these three elements, our strategic approach will continue to prioritize profitability while reinforcing our position as the preferred airline in our core markets. We will maintain a rational and prudent approach to capacity growth in 2025, targeting an expansion of around 13%. Despite this growth, Volaris’ total capacity will remain below 2023 levels, with approximately 40% now allocated to the international market.”
Based in Mexico City, Volaris (NYSE:VLRS/BMV:VOLAR) is an ultra-low-cost carrier (ULCC) and Indigo Partners affiliate serving Mexico the U.S., Central and South America. The carrier was the first North American airline to operate the Airbus A320neo and currently operates one of the youngest fleets in the Americas. Since launching operations in March 2006, Volaris has increased their network from five to over 197 routes and the company’s fleet has grown from four to more than 134 aircraft. Volaris offers over 460 daily flight segments connecting 44 cities in Mexico and 29 cities in the U.S., Central and South America. The company targets customers visiting friends and relatives, as well as cost-conscious business and leisure travelers.
Source: Volaris