Volaris Reports Financial Results for the Second Quarter 2023
Source: Volaris Controladora Vuela Compañía de Aviación, S.A.B. de C.V., (“Volaris” or “The Company”), the ultra-low-cost airline serving Mexico, the United States, Central and South America, announced its financial results for the second quarter 20231. Second Quarter 2023 Highlights (All figures are reported in U.S. dollars and compared to 2Q 2022 unless otherwise noted) Total operating revenues of $782 million, a 13% increase. Total revenue per available seat mile (TRASM) decreased 4.2% to $7.92 cents. Available seat miles (ASMs) increased 18% to 9.9 billion. Total operating expenses of $731 million, representing 93% of total operating revenue, a decrease of 9.3 percentage points. Total operating expenses per available seat mile (CASM) decreased 13% to $7.40 cents. Average economic fuel cost decreased [...]