Volaris Reports Financial Results for the First Quarter 2023
Source: Volaris Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE: VLRS and BMV: VOLAR) (“Volaris” or “The Company”), the ultra-low-cost airline serving Mexico, the United States, Central and South America, today announces its financial results for the first quarter 20231. First Quarter 2023 Highlights (All figures are reported in U.S. dollars and compared to 1Q 2022 unless otherwise noted) Total operating revenues of $731 million, a 29% increase Total revenue per available seat mile (TRASM) increased 9.5% to $7.71 cents Available seat miles (ASMs) increased 18% to 9.5 billion Total operating expenses of $762 million, representing 104% of total operating revenue Total operating expenses per available seat mile (CASM) increased 8.2% to $8.03 cents Average economic fuel cost increased 12% [...]