Volaris published its operating and financial results for the second quarter of 2021, in which the return to positive numbers stands out, after achieving a net profit of MXN 1,538 million (USD 77 million).
The strengthening of demand brought total operating income to 11,501 million pesos (MXN), an increase of 38% compared to the second quarter of 2019.
Operating expenses totaled 8,850 million, an increase of 15% compared to the same period of 2019, but in terms of seats per available mile (CASM) they decreased by 3%, standing at 6.31 cents. CASM, excluding fuel, grew 8%, reaching 4.22 US cents.
The airline obtained a positive cash flow of MXN 2,072 million, reaching a position in cash and equivalents of MXN 10,534 million (USD 532 million), which represents 44% of the operating income of the last twelve months.
“I am proud of what our team was able to achieve in the second quarter of 2021, significantly improving almost all of the Company’s financial and operating metrics. Additionally, we were able to significantly increase capacity, while improving TRASM and maintaining our cost control discipline. This efficient growth allowed us to double our EBITDA compared to the second quarter of 2019,” said Enrique Beltranena, President and CEO.
“We have shown once again that the Volaris business model is strong and can deliver superior results in various market conditions. Our team has taken advantage of the opportunities that arose from the CoVID-19 pandemic, coming out stronger in the market,” he added.
In operating terms, Volaris registered 6.2 million passengers in the second quarter, 10% more than in 2019, with the national and international segment increasing 9% and 11% respectively. Total capacity (ASM) grew 14%, with the load factor reaching 86.6%, the same level as in the pre-pandemic.
The company’s fleet added 5 A320neo aircraft during the second quarter, totaling 92 aircraft as of June 30 (6 A319s, 70 A320s and 16 A321s) with an average age of 5.4 years. In the next 18 months, Volaris will incorporate another 25 A320neo aircraft, expecting to close 2021 with 101 aircraft and 2022 with 113.
