Volaris* (NYSE: VLRS and BMV: VOLAR), the ultra-low-cost airline serving Mexico, the United States and Central America, reports May 2020 preliminary traffic results.
In May 2020, Volaris carefully managed its network in response to the decline in demand for air travel due to the SARS-CoV-2 (COVID-19) pandemic. As a result, and in line with prior capacity guidance issued by the Company, capacity measured by ASMs (Available Seat Miles) decreased by 88.1% vs the same period of last year, while demand measured by RPMs (Revenue Passenger Miles) decreased 88.1% year over year. Volaris transported a total of 213 thousand passengers during the month of May, a decrease of 88.9% year over year.
Network-wide booked load factor for May 2020 was 87.5%, with a 105% international booked load factor. The unusually high booked load factor on international flights was a result of the consolidation of flights due to the COVID-19 related itinerary reductions. Onboard load factor in the international market was 90%. Volaris continues to offer flexible change policies for its customers.
Volaris' President and Chief Executive Officer, Enrique Beltranena, commenting on the traffic results for May 2020, said: "Volaris priority continues to be safeguarding the health of our customers and ambassadors, while actively managing our operations to minimize the financial impacts in this challenging time and preserve capital. During June, we are implementing new biosecurity and preventive measures for the safety and well-being of Volaris' personnel and passengers, and are launching a parallel communication campaign entitled con Volaris SEGURO vuelas. May traffic was the most impacted month by COVID-19 to date. Nevertheless, for June 2020 Volaris announced it will operate approximately 33% of the originally planned schedule, responding to recent, stronger demand."
The following table summarizes Volaris traffic results for the month and year to date.
May | May | Variance | May YTD 2020 | May YTD 2019 | Variance | |
RPMs (in millions, scheduled & charter) | ||||||
Domestic | 187 | 1,309 | (85.7%) | 4,117 | 5,953 | (30.8%) |
International | 29 | 513 | (94.3%) | 1,584 | 2,365 | (33.0%) |
Total | 216 | 1,822 | (88.1%) | 5,701 | 8,318 | (31.5%) |
ASMs (in millions, scheduled & charter) | ||||||
Domestic | 219 | 1,443 | (84.8%) | 4,765 | 6,858 | (30.5%) |
International | 28 | 629 | (95.6%) | 1,943 | 2,990 | (35.0%) |
Total | 247 | 2,072 | (88.1%) | 6,708 | 9,848 | (31.9%) |
Load Factor (in %, scheduled, RPMs/ASMs) | ||||||
Domestic | 85.2% | 90.7% | (5.5) pp | 86.4% | 86.8% | (0.4) pp |
International | 105.4% | 81.8% | 23.6 pp | 81.5% | 79.3% | 2.2 pp |
Total | 87.5% | 88.0% | (0.5) pp | 85.0% | 84.5% | 0.5 pp |
Passengers (in thousands, scheduled & charter) | ||||||
Domestic | 194 | 1,569 | (87.6%) | 4,701 | 7,077 | (33.6%) |
International | 19 | 357 | (94.7%) | 1,096 | 1,662 | (34.1%) |
Total | 213 | 1,926 | (88.9%) | 5,797 | 8,739 | (33.7%) |
The information included in this report has not been audited and it does not provide information on the company's future performance. Volaris' future performance depends on many factors and it cannot be inferred that any period's performance or its comparison year over year will be an indicator of a similar performance in the future.
Investor Relations contact: Mara Elena Rodrguez & Andrea Gonz¡lez/ Investor Relations / ir@volaris.com / +52 55 5261 6444
Media contact: Gabriela Fern¡ndez / volaris@gcya.mx / +52 55 5246 0100
SOURCE
:https://www.prnewswire.com/news-releases/volaris-reports-may-2020-traffic-results-schedule-reductions-to-face-covid-19-301071159.html:
| Company Name | Contact Person | Contact Number | Email Id | Website | Address |
|---|---|---|---|---|---|
| Volaris |
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