Volaris (NYSE:VLRS and BMV:VOLAR), the ultra-low-cost airline serving Mexico, the United States and Central America, has announced its financial results for the third quarter 2017, the company said.
Total operating revenues were Ps.6,582 million for the third quarter, a decrease of 2.2% year over year, notwithstanding the negative impact of the natural disasters and a soft fare environment during the quarter.
Non-ticket revenues now represent 27% of the total operating revenues, increasing 5 percentage points year over year, partially compensating the average fare decline. Non-ticket revenues were Ps.1,809 million for the third quarter, an increase of 18.6% year over year. Non-ticket revenues per passenger were Ps.434 for the third quarter, increasing 12.8% year over year.
Total operating revenues per available seat mile (TRASM), had a sequential improvement of 6.8% quarter over quarter, reaching Ps.137.7 cents for the third quarter, and a decrease of 11.2% year over year.
Operating expenses per available seat mile (CASM) decreased 5.0% year over year, to Ps.124.4 cents for the third quarter; with an average exchange rate of Ps.17.82, a year over year decrease of 4.8%, and despite an average economic fuel cost per gallon of Ps.31.8, representing an increase of 3.0% year over year.
Operating expenses excluding fuel, per available seat mile (CASM ex fuel) decreased 6.2% year over year, to Ps.88.9 cents for the third quarter.
Operating income was Ps.634 million, representing 9.6% of operating margin for the third quarter, a 9.0 percentage points higher than the previous quarter, and 5.9 percentage points lower year over year.
Net income was Ps.731 million (Ps.0.72 per share / USUSD 0.40 per ADS) for the third quarter, with a net margin of 11.1%.
Controladora Vuela CompaÃ±Ãa de AviaciÃ³n, S.A.B. de C.V. (“Volaris”) (NYSE: VLRS and BMV: VOLAR), is an ultra-low-cost carrier, with point-to-point operations, serving Mexico, the United States and Central America. It offers low base fares to build its market, providing quality service and extensive customer choice. For more information, visit: www.volaris.com