Volaris reports record 2Q results in 2016

Volaris revenue up 25% - financial highlights:

• Three months ended 30-Jun-2016:
• • Operating revenue: MXN5131 million (USD283.6 million), +25.2% year-on-year;
  • • Passenger: MXN3814 million (USD210.8 million), +22.2%;
    • Non-ticket: MXN1317 million (USD72.8 million), +34.8%;
  • Operating costs: MXN4743 million (USD262.2 million), +26.5%;
  • • Fuel: MXN1360 million (USD75.2 million), +12.5%;
    • Aircraft and engine lease: MXN1293 million (USD71.5 million), +60.2%;
  • Operating profit: USD388 million (USD21.4 million), +11.2%;
  • Net profit: MXN935 million (USD51.7 million), +166%;
  • Passenger numbers: 3.6 million, +26.4%;
  • Passenger load factor: 86.1%, +3.2 ppts;
  • Total operating revenue per ASM: MXN128.9 (USD 7.1 cents), +4.8%;
  • Passenger revenue per ASM: MXN95.8 (USD 5.3 cents), +2.3%;
  • Passenger yield: MXN111.3 (USD 6.2 cents), -1.5%;
  • Operating cost per ASM: MXN119.2 (USD 6.6 cents), +5.9%;
  • Cost per ASM excl fuel: MXN85.0 (USD 4.7 cents), +11.4%;
• Six months ended 30-Jun-2016:
• • Operating revenue: MXN10,313 million (USD571.2 million), +31.1%;
  • • Passenger: MXN7720 million (USD427.6 million), +27.7%;
    • Non-ticket: MXN2593 million (USD143.6 million), +42.2%;
  • Operating costs: MXN9089 million (USD503.4 million), +26.7%;
  • • Aircraft and engine lease: MXN2513 million (USD139.2 million), +60.9%;
    • Fuel: MXN2374 million (USD131.5 million), +5.0%;
  • Operating profit: MXN1224 million (USD67.8 million), +76.0%;
  • Net profit: MXN1536 million (USD85.1 million), +133%;
  • Passenger numbers: 7.1 million, +31.1%;
  • Passenger load factor: 85.6%, +4.1 ppts;
  • Total operating revenue per ASM: MXN131 (USD 7.3 cents), +6.2%;
  • Passenger revenue per ASM: MXN98.1 (USD 5.4 cents), +3.4%;
  • Passenger yield: MXN114.6 (USD 6.3 cents), -1.4%;
  • Operating cost per ASM: MXN115.5 (USD 6.4 cents), +2.6%;
  • Cost per ASM excl fuel: MXN85.3 (USD 4.7 cents), +10.7%;
  • Total assets: MXN18,380 million (USD1018 million);
  • Cash and cash equivalents: MXN6930 million (USD383.8 million);
  • Total liabilities: MXN9769 million (USD541.1 million). [more - original PR]

*Based on the average conversion rate at MXN1 = USD0.055281 for 2Q2016
*Based on the average conversion rate at MXN1 = USD0.055386 for 1H2016

Volaris: "Volaris' performance highlights the resilience of its ULCC model that combines high growth, expanding unit revenue, and managing unit costs down. These results reflect our ability to stimulate demand with low base fares, successfully switch bus passengers to air travel and further unbundle our product offering," Enrique Beltranena, CEO. Source: Company statement, 22-Jul-2016.