Volaris expects to double revenue, EBITDAR, FCF over 3 years vs. 2019

Over the next three years, Volaris aims to double its revenue, EBITDAR, and free cash flow generation versus pre-pandemic levels – 2019 -. Speaking before the company’s Investor Day presentation, CEO Enrique Beltranena stated, "Despite significant disruptions during the past three years, Volaris has successfully navigated Covid-related challenges to capture market share, manage costs and solidify our position as one of the largest foreign operators in terms of flights in the U.S., all while advancing our mission to enable more people to travel well. Mexico’s favorable demographic and economic trends, together with recent consolidation in the Mexican airline industry, has enabled Volaris to achieve one of the healthiest EBITDAR margins in the airline industry globally and create significant opportunities for continued growth both domestically in Mexico and abroad. Reaching 10 million first-time fliers is clear evidence of the way discretionary travel spend is now allocated, shifting from bus to air travel. Additionally, Volaris is well-positioned to benefit from the likely return to FAA Category 1 status in 2023, which we expect to enable additional routes to the U.S. and drive further opportunities. Looking ahead, we will continue to deepen our engagement with our passengers, expand our routes into new markets, maintain our strong balance sheet and competitive cost advantage, and lean on our experienced team to continue driving our strategies forward."