Loading
23-Feb-2016 10:36 AM

Volaris reports strong operating profit growth in 4Q and FY2015

Volaris revenue up 29% - financial highlights:

  • Three months ended 31-Dec-2015:
    • Operating revenue: MXN5092 million (USD304.0 million), +28.7% year-on-year;
    • Operating costs: MXN4357 million (USD260.1 million), +23.4%;
      • Fuel: MXN1158 million (USD69.1 million), -9.2%;
      • Aircraft and engine rent: MXN1043 million (USD62.3 million), +54.5%;
    • Operating profit: MXN736 million (USD43.9 million), +72.5%;
    • Net profit: MXN654 million (USD39.0 million), -7.0%;
    • Passenger numbers: 3.3 million, +24.3%;
    • Passenger load factor: 82.7%, -0.1 ppt;
    • Total operating revenue per ASM: MXN 134.2 cents (USD 8.0 cents), +2.8%;
    • Passenger revenue per ASM: MXN 103.6 cents (USD 6.2 cents), stable;
    • Passenger yield: MXN 125.3 cents (USD 7.5 cents), +0.2%;
    • Operating cost per ASM MXN 114.8 cents (USD 6.9 cents), -1.4%;
    • Cost per ASM excl fuel: MXN 84.3 cents (USD 5.0 cents), +13.3%;
  • 12 months ended 31-Dec-2015:
    • Operating revenue: MXN18,180 million (USD1149 million), +29.5%;
    • Operating costs: MXN15,669 million (USD990.3 million), +13.3%;
      • Fuel: MXN4721 million (USD298.4 million), -12.0%;
      • Aircraft and engine rent: MXN3525 million (USD222.8 million), +39.1%;
    • Operating profit: MXN2510 million (USD158.6 million), +1130%;
    • Net profit: MXN2464 million (USD155.7 million), +307%;
    • Passenger numbers: 12.0 million, +22.2%;
    • Passenger load factor: 82.3%, +0.1 ppt;
    • Total operating revenue per ASM: MXN 129.4 cents (USD 8.2 cents), +9.0%;
    • Passenger revenue per ASM: MXN 100.6 cents (USD 6.4 cents), +5.2%;
    • Passenger yield: MXN122.2 cents (USD 7.7 cents), +5.1%;
    • Operating cost per ASM: MXN 111.5 cents (USD 7.1 cents), -4.6%;
    • Cost per ASM excl fuel: MXN 77.9 cents (USD 4.9 cents), +8.8%;
    • Total assets: MXN15,261 million (USD964.5 million);
    • Cash and cash equivalents: MXN5157 million (USD325.9 million);
    • Total liabilities: MXN8436 million (USD533.2 million). [more - original PR]

*Based on the average conversion rate at MXN1 = USD0.0597 for three months ended 31-Dec-2015
*Based on the average conversion rate at MXN1 = USD0.0632 for 12 months ended 31-Dec-2015

Want More News Like This?

CAPA Membership provides access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More