Volaris reports March traffic results

Volaris (VLRS) reported its March preliminary traffic results. In March, Volaris’ ASM capacity increased 1.5%, while RPMs for the month grew 1.9%. Mexican domestic RPMs declined 3.9%, while international RPMs increased 11.5%. Consolidated load factor increased by 0.3 percentage points year-over-year to 84.7%. During the month, Volaris transported 2.7 passengers. Enrique Beltranena, Volaris’ president and CEO, said: “During March, we continued to see solid demand across both domestic and international markets, including the shoulder season leading into Semana Santa and spring break travel periods. While demand for travel this Spring remains strong, we are closely monitoring the impact of higher jet fuel prices and will implement targeted capacity adjustments and gradual fare and ancillary increases as necessary. We will provide further details on these actions during our first-quarter earnings call.”