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, reported its June 2024 preliminary traffic results. In June 2024, Volaris' ASM capacity decreased by 13.7% year-over-year due to the accelerated Pratt & Whitney engine inspections and the resulting aircraft groundings. Load factor in the month increased by 2.2 pp YoY to 85.6%, as RPMs only decreased by 11.4%. Mexican domestic RPMs decreased by 16.2%, while international RPMs decreased by 1.8%. Volaris transported 2.4 million passengers during the month. Enrique Beltranena, Volaris’ President and CEO said: "Our fleet mitigation plan is on track and yielding positive results. As part of this plan, we [...]

Source: United Airlines A 2Q pre-tax margin expected to be among industry leaders, despite excess industry capacity in the domestic market Expect best unit revenue performance among large peers Sees mid-August as inflection point when industry-wide oversupply eases and United is best positioned to benefit United Airlines (UAL) reported second-quarter 2024 financial results. The company had pre-tax earnings of $1.7 billion, with a pre-tax margin of 11.6%; adjusted pre-tax earnings1 of $1.8 billion, with an adjusted pre-tax margin1 of 12.1%. The company expects pre-tax margin to be near the top of the industry. The company also achieved diluted earnings per share of $3.96; adjusted diluted earnings per share1 of $4.14, in line with second-quarter 2024 guidance provided at the start [...]