Volaris Reports Financial Results for the Fourth Quarter 2024
Source: Volaris Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (“Volaris” or “the Company”), the ultra-low-cost carrier (ULCC) serving Mexico, the United States, Central and South America, today reports its unaudited financial results for the fourth quarter and full year of 2024 ( Fourth Quarter 2024 Highlights (All figures are reported in U.S. dollars and compared to 4Q 2023 unless otherwise noted) Net income of $46 million. Earnings per American Depositary Shares (ADS) of $40 cents. Total operating revenues of $835 million, a 7% decrease. Total revenue per available seat mile (TRASM) decreased 2% to $9.35 cents. Available seat miles (ASMs) decreased by 5% to 8.9 billion. Total operating expenses of $718 million, representing 86% of total operating revenue. Total operating [...]