Volaris reports operating profit decline in 4Q2016, full year profit increase

Volaris revenue up 27% - financial highlights:

• Three months ended 31-Dec-2016:
• • Total operating revenue: MXN6469 million (USD326 million), +27.0% year-on-year;
  • • Passenger: MXN4864 million (USD245.1 million), +23.8%;
    • Non-ticket: MXN1604 million (USD80.8 million), +38.0%;
  • Total operating costs: MXN5995 million (USD302.1 million), +37.6%;
  • • Fuel: MXN1794 million (USD90.4 million), +54.9%;
    • Aircraft and engine lease: MXN1592 million (USD80.2 million), +52.6%;
  • Operating profit: MXN473 million (USD23.8 million), -35.7%;
  • Net profit: MXN973 million (USD49.0 million), +48.8%;
  • Passengers: 4.0 million, +21.9%;
  • Passenger load factor: 84.1%, +1.4 ppt;
  • Yield: MXN 128.9 cents (USD 6.5 cents), +2.9%;
  • Total revenue per ASM: MXN 144.1 cents (USD 7.3 cents), +7.4%;
  • Passenger revenue per ASM: MXN 108.3 cents (USD 5.5 cents), +4.6%;
  • Operating cost per ASM: MXN 133.5 cents (USD 6.7 cents), +16.3%;
  • Cost per ASM excl fuel: MXN 93.6 cents (USD 4.7 cents), +11.0%;
• 12 months ended 31-Dec-2016:
• • Total operating revenue: MXN23,512 million (USD1261 million), +29.3%;
  • • Passenger: MXN17,790 million (USD953.9 million), +25.9%;
    • Non-ticket: MXN5722 million (USD306.8 million), +41.3%;
  • Total operating costs: MXN20,773 million (USD1114 million), +32.6%;
  • • Fuel: MXN5741 million (USD307.8 million), +21.6%;
    • Aircraft and engine lease: MXN5590 million (USD299.7 million), +58.6%;
  • Operating profit: MXN2740 million (USD146.9 million), +9.1%;
  • Net profit: MXN3519 million (USD188.7 million), +42.8%;
  • Passengers: 15.0 million, +25.2%;
  • Passenger load factor: 85.8%, +3.5 ppts;
  • Yield: MXN 124.2 cents (USD 6.7 cents), +1.6%;
  • Total revenue per ASM: MXN 140.8 cents (USD 7.5 cents), +8.8%;
  • Passenger revenue per ASM: MXN 106.5 cents (USD 5.7 cents), +5.9%;
  • Operating cost per ASM: MXN 124.4 cents (USD 6.7 cents), +11.5%;
  • Cost per ASM excl fuel: MXN 90.0 cents (USD 4.8 cents), +15.5%;
  • Total assets: MXN22,285 million (USD1195 million);
  • Cash and cash equivalents: MXN7071 million (USD379.1 million);
  • Total liabilities: MXN11,490 million (USD616.1 million). [more - original PR]

*Based on the average conversion rate at MXN1 = USD0.050391 for 4Q2016
*Based on the average conversion rate at MXN1 = USD0.053619 for 2016