Volaris operating profit doubles in 1Q2016

Volaris revenue up 38% - financial highlights for three months ended 31-Mar-2016:

• Operating revenue: MXN5182 million (USD287.7 million), +37.5% year-on-year;
• • Passenger: MXN3906 million (USD216.8 million), +33.7%;
  • Non-ticket: MXN1276 million (USD70.8 million), +50.8%;
• Operating costs: MXN4346 million (USD241.3 million), +27.0%;
• • Aircraft and engine lease: MXN1219 million (USD67.7 million), +61.5%;
  • Fuel: MXN1013 million (USD56.2 million), -3.6%;
• Operating profit: MXN836 million (USD46.4 million), +142%;
• Net profit: MXN602 million (USD33.4 million), +96.4%;
• Passenger numbers: 3.4 million, +36.6%;
• Load factor: 85.0%, +5.0 ppts;
• Average fare: MXN1141 (USD63.3), -2.0%;
• Total operating revenue per ASM: MXN133.2 (USD 7.4 cents), +7.5%;
• Passenger revenue per ASM: MXN100.4 (USD 5.6 cents), +4.5%;
• Passenger yield: MXN118.1 (USD 6.6 cents), -1.6%;
• Operating cost per ASM: MXN111.7 (USD 6.2 cents), -0.7%;
• Cost per ASM excl fuel: MXN85.6 (USD 4.8 cents), +9.9%;
• Total assets: MXN16,604 million (USD921.7 million);
• Cash and cash equivalents: MXN6366 million (USD353.4 million);
• Total liabilities: MXN9120 million (USD506.3 million). [more - original PR]

*Based on the average conversion rate at MXN1 = USD0.055512

Volaris: "The strong passenger demand environment in the first quarter of 2016, supported by seasonality, continued fueling Volaris' financial results and achieving record first quarter margins. Our low base fares and bus switching campaign strategy continue to be the cornerstone of our unbundled business model to stimulate demand for both domestic and international travel in Mexico and the United States," Enrique Beltranena, CEO. Source: Company statement, 25-Apr-2016.