Volaris reports Q1 EPS 3c, consensus (14c)

Reports Q1 revenue $768M, consensus $694.63M. Total revenue per available seat mile increased 21% to $9.34. Available seat miles decreased by 13% to 8.2B. Enrique Beltranena, president and CEO, said: “We are pleased with our business performance as our Volaris team delivered strong first quarter 2024 results. Over the last six months, our primary focus has been directing operations to enhance our customer service and continuing our emphasis on obsessive cost control.”