Volaris reports Q1 EPS (45c), consensus (34c)

Reports Q1 revenue $678M vs. $768M last year. Total revenue per available seat mile decreased 17% to $7.76 cents. Available seat miles increased by 6% to 8.7 billion. Enrique Beltranena, President & CEO, said: “Volaris (VLRS) remains focused, as always, on disciplined execution as we navigate a period of geopolitical and economic uncertainty. Our tactical capacity decisions will continue to be grounded in two guiding priorities: customer demand and sustained profitability. We can operate and execute changes in our network with flexibility, agility, and resilience, leveraging our cost structure and financial strength. We will continue delivering on our value proposition: offering low fares, maintaining an attractive and reliable schedule, and providing relevant ancillary options that enhance the travel experience. We are confident in our ability to prepare for a fast recovery once uncertainty eases. As we have demonstrated in the past, we are preparing for a strong comeback.”