Volaris reports 82.4% capacity decrease in April 2020

Mexican ultr-low-cost airline Volaris (NYSE: VLRS) (BMV: VOLAR) has reported an 82.4% April 2020 decrease in capacity, measured by ASMs (Available Seat Miles), the company said.

Demand measured by RPMs (Revenue Passenger Miles) decreased 81.8% year over year. Volaris transported a total of 307 thousand passengers during the month of April, a decrease of 83.4% year over year. Network-wide load factor for April 2020 was 87.4%.

These decreases were a result of the decline in demand of air travel services related to the virus SARS-CoV-2 (COVID-19) pandemic, which affected Volaris in the month of April, as announced in the capacity guidance issued by the Company.

On April 21st, 2020, the Mexican General Health Council announced Phase 3 of the spread of the COVID-19, the most serious stage in Mexico, extending governmental restrictions to contain the COVID-19 until May 31, 2020.

Volaris serves Mexico, the United States and Central America. Volaris offers low base fares to build its market, providing quality service and extensive customer choice. Since beginning operations in March 2006, Volaris has increased its routes from five to more than 32 and its fleet from four to 82 aircraft. Volaris offers more than 44 daily flight segments on routes that connect 21 cities in Mexico and 3 cities in the United States and Central America with one of the youngest fleet in The Americas.