Volaris Maintains Solid Load Factor Amid Challenges
Company Announcements

Volaris Maintains Solid Load Factor Amid Challenges

Controladora Vuela Compania de Aviacion SAB de CV (VLRS) has released an update.

Controladora Vuela Compañía de Aviación, S.A.B. de C.V., known as Volaris, reported a steady load factor of 87% for August 2024, despite a 15.1% year-over-year decrease in ASM capacity due to Pratt & Whitney engine inspections and aircraft groundings. The airline transported 2.6 million passengers and maintained operational performance with 30% of its fleet grounded. Volaris reaffirmed its annual capacity guidance, projecting around a 14% reduction.

For further insights into VLRS stock, check out TipRanks’ Stock Analysis page.

Related Articles
TheFlyVolaris reports August ASM capacity down 15.1% y/y
GlobeNewswireVolaris Reports August 2024 Traffic Results: 87% Load Factor
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App