Volaris reports 5.6% decrease in March 2020 capacity

Volaris (NYSE: VLRS) (BMV: VOLAR) has reported a 5.6% decrease in March 2020 capacity, measured by available seat miles (ASMs), compared to the same period in 2019, the company said.

Demand measured by RPMs (Revenue Passenger Miles) decreased 10.3% year over year.

Volaris transported a total of 1.6 million passengers during the month of March, a decrease of 12.8% year over year. Network-wide load factor for March 2020 was 82.3%, a decrease of 4.3 pp versus last year.

These decreases were a result of the decline in demand related to the virus SARS-CoV-2 (COVID-19) pandemic, which affected Volaris at the end of March.

On March 24, 2020 the Company announced a decrease in capacity measured by available seat miles (ASMs) for the months of March and April 2020 of approximately 50% versus the scheduled originally published.

On March 30, 2020 the Mexican government through the General Health Council declared a health emergency due to force majeure, which will be in effect until April 30, 2020. As a result, on March 31, 2020 Volaris announced an additional capacity reduction for the month of April 2020, which results in a decrease of approximately 80% versus the originally scheduled capacity.

Volaris is an ultra-low-cost carrier (ULCC), with point-to-point operations, serving Mexico, the United States and Central America.