Volaris sees Q2 TRASM $9.10-$9.20

Sees Q2 ASM up 18%. Sees Q2 CASM excluding fuel. Sees Q2 EBITDAR margin 31%-33%. Sees Q2 average jet fuel price $2.60-$2.70. The company said, “Despite the ongoing industry challenges, we continue to execute well and remain focused on delivering shareholder value. The company produced strong results that exceeded expectations. We generated a remarkable increase in TRASM and ancillaries while costs remained controlled. Moreover, Volaris achieved net profitability in the first quarter, posting a net income of $33 million dollars. This marks a significant achievement, as historically, due to seasonality, our first quarters have resulted in net losses; the last time we recorded a net profit in the first quarter was in 2019.”