Volaris reports February 2024 preliminary traffic results. ASM capacity decreased by 13.7% year-over-year due to the extraordinary Pratt & Whitney engine accelerated inspections and the resulting aircraft groundings. RPMs decreased by 10.9%, resulting in a load factor increase of 2.8 pp YoY to 85.9%. Volaris transported 2.1 million passengers during the month, a 15.2% decrease compared to February 2023. Mexican domestic RPMs decreased by 21.5%, while international RPMs increased by 13.2%.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on VLRS:
- Volaris price target lowered to $11 from $16 at TD Cowen
- Citi opens ‘positive catalyst watch’ on Volaris post earnings
- Volaris Reports Financial Results for the Fourth Quarter 2023: Net Income of USD $112 million
- Volaris reports Q4 EPS 97c, consensus 38c
- VLRS Earnings this Week: How Will it Perform?