RankAlpha logo
Back to Rankings

VLRS

Controladora Vuela Compania de Aviacion SAB de CVA
NYSE / Transportation
Last Price
Quote time unavailable
View Chart
Documents
58
Stored
Transcripts
1
Recent loaded
Latest report
2026-09-03
Investor release

Document history

Earnings documents stored for VLRS.

12 shown
Investor releaseQuarter not tagged2026-09-03

Volaris Reports August 2026 Traffic Results: Load Factor of 84%

GlobeNewswire
MEXICO CITY, Sept. 03, 2026 (GLOBE NEWSWIRE) -- Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE: VLRS and BMV: VOLAR) (“Volaris” or “the Company”), the ultra-low-cost carrier (ULCC) serving Mexico, the United States, Central and South America, reports its August 2026 preliminary traffic results. In August, Volaris’ ASM capacity increased 15.8%, while RPMs for the month grew 15.4%. Mexican domestic RPMs rose 13.2%, while international RPMs increased 18.9%. Consolidated load factor decreased by 0.3 percentage points year-over-year to 84.4%. During the month, Volaris transported 3.2 million passengers. Enrique Beltranena, Volaris’ President and CEO, said: “August capped a well-executed summer season for Volaris, with our peak capacity deployment successfully capturing robust demand across both domestic and cross-border markets. As we transition into the seasonally softer fall period, we are proactively moderating capacity to align supply with demand.” The information included in this report has not been audited and does not provide information on the Company’s future performance. Volaris’ future performance depends on several factors. It cannot be inferred that any period performance or its year-over-year comparison will indicate a similar performance in the future. Figures are rounded for convenience purposes. Glossary Revenue passenger miles (RPMs): Number of seats booked by passengers multiplied by the number of miles flown. Available seat miles (ASMs): Number of seats available for passengers multiplied by the number of miles flown. Load factor: RPMs divided by ASMs and expressed as a percentage. Passengers: The total number of passengers booked on all flight segments. Investor Relations ContactLiliana Juárez / [email protected] Media Contact Ricardo Flores / [email protected] About Volaris*Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (“Volaris” or “the Company”) (NYSE: VLRS and BMV: VOLAR) is an ultra-low-cost carrier, with point-to-point operations, serving Mexico, the United States, Central, and South America. Volaris offers low base fares to build its market, providing quality service and extensive customer choice. Since the beginning of operations in March 2006, Volaris has increased its routes from 5 to more than 250 and its fleet from 4 to 156 aircraft. Volaris offers around 600 daily flight segments on routes that connect 46 cit…Read full document

MEXICO CITY, Sept. 03, 2026 (GLOBE NEWSWIRE) -- Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE: VLRS and BMV: VOLAR) (“Volaris” or “the Company”), the ultra-low-cost carrier (ULCC) serving Mexico, the United States, Central and South America, reports its August 2026 preliminary traffic results. In August, Volaris’ ASM capacity increased 15.8%, while RPMs for the month grew 15.4%. Mexican domestic RPMs rose 13.2%, while international RPMs increased 18.9%. Consolidated load factor decreased by 0.3 percentage points year-over-year to 84.4%. During the month, Volaris transported 3.2 million passengers. Enrique Beltranena, Volaris’ President and CEO, said: “August capped a well-executed summer season for Volaris, with our peak capacity deployment successfully capturing robust demand across both domestic and cross-border markets. As we transition into the seasonally softer fall period, we are proactively moderating capacity to align supply with demand.” The information included in this report has not been audited and does not provide information on the Company’s future performance. Volaris’ future performance depends on several factors. It cannot be inferred that any period performance or its year-over-year comparison will indicate a similar performance in the future. Figures are rounded for convenience purposes. Glossary Revenue passenger miles (RPMs): Number of seats booked by passengers multiplied by the number of miles flown. Available seat miles (ASMs): Number of seats available for passengers multiplied by the number of miles flown. Load factor: RPMs divided by ASMs and expressed as a percentage. Passengers: The total number of passengers booked on all flight segments. Investor Relations ContactLiliana Juárez / [email protected] Media Contact Ricardo Flores / [email protected] About Volaris*Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (“Volaris” or “the Company”) (NYSE: VLRS and BMV: VOLAR) is an ultra-low-cost carrier, with point-to-point operations, serving Mexico, the United States, Central, and South America. Volaris offers low base fares to build its market, providing quality service and extensive customer choice. Since the beginning of operations in March 2006, Volaris has increased its routes from 5 to more than 250 and its fleet from 4 to 156 aircraft. Volaris offers around 600 daily flight segments on routes that connect 46 cities in Mexico and 38 cities in the United States, Central, and South America, with one of the youngest fleets in Mexico. Volaris targets passengers who are visiting friends and relatives, cost-conscious business and leisure travelers in Mexico, the United States, Central, and South America. For more information, please visit ir.volaris.com. Volaris routinely posts information that may be important to investors on its investor relations website. The Company encourages investors and potential investors to consult the Volaris website regularly for important information about Volaris.

Investor releaseQuarter not tagged2026-08-05

Volaris Reports July 2026 Traffic Results: Load Factor of 88%

GlobeNewswire
MEXICO CITY, Aug. 05, 2026 (GLOBE NEWSWIRE) -- Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE: VLRS and BMV: VOLAR) (“Volaris” or “the Company”), the ultra-low-cost carrier (ULCC) serving Mexico, the United States, Central and South America, reports its July 2026 preliminary traffic results. In July, Volaris’ ASM capacity increased 14.4%, while RPMs for the month grew 18.5%. Mexican domestic RPMs rose 16.0%, while international RPMs increased 22.4%. Consolidated load factor increased by 3.0 percentage points year-over-year to 87.9%. During the month, Volaris transported 3.3 million passengers. Enrique Beltranena, Volaris’ President and CEO, said: “July’s strong performance validates our decision to grow capacity to capture peak summer demand, delivering the economics we anticipated for the month. Load factors were robust in the month, reflecting healthy demand across both international and domestic markets as we continue to deploy capacity in a disciplined manner across our markets. As we transition out of the peak summer travel season, we will trim capacity growth going into the fall in an effort to match our supply of seats to current demand patterns.” The information included in this report has not been audited and does not provide information on the Company’s future performance. Volaris’ future performance depends on several factors. It cannot be inferred that any period performance or its year-over-year comparison will indicate a similar performance in the future. Figures are rounded for convenience purposes. Glossary Revenue passenger miles (RPMs): Number of seats booked by passengers multiplied by the number of miles flown. Available seat miles (ASMs): Number of seats available for passengers multiplied by the number of miles flown. Load factor: RPMs divided by ASMs and expressed as a percentage. Passengers: The total number of passengers booked on all flight segments. Investor Relations ContactLiliana Juárez / [email protected] Media Contact Ricardo Flores / [email protected] About Volaris*Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (“Volaris” or “the Company”) (NYSE: VLRS and BMV: VOLAR) is an ultra-low-cost carrier, with point-to-point operations, serving Mexico, the United States, Central, and South America. Volaris offers low base fares to build its market, providing quality service and extensive customer choice. Since the…Read full document

MEXICO CITY, Aug. 05, 2026 (GLOBE NEWSWIRE) -- Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE: VLRS and BMV: VOLAR) (“Volaris” or “the Company”), the ultra-low-cost carrier (ULCC) serving Mexico, the United States, Central and South America, reports its July 2026 preliminary traffic results. In July, Volaris’ ASM capacity increased 14.4%, while RPMs for the month grew 18.5%. Mexican domestic RPMs rose 16.0%, while international RPMs increased 22.4%. Consolidated load factor increased by 3.0 percentage points year-over-year to 87.9%. During the month, Volaris transported 3.3 million passengers. Enrique Beltranena, Volaris’ President and CEO, said: “July’s strong performance validates our decision to grow capacity to capture peak summer demand, delivering the economics we anticipated for the month. Load factors were robust in the month, reflecting healthy demand across both international and domestic markets as we continue to deploy capacity in a disciplined manner across our markets. As we transition out of the peak summer travel season, we will trim capacity growth going into the fall in an effort to match our supply of seats to current demand patterns.” The information included in this report has not been audited and does not provide information on the Company’s future performance. Volaris’ future performance depends on several factors. It cannot be inferred that any period performance or its year-over-year comparison will indicate a similar performance in the future. Figures are rounded for convenience purposes. Glossary Revenue passenger miles (RPMs): Number of seats booked by passengers multiplied by the number of miles flown. Available seat miles (ASMs): Number of seats available for passengers multiplied by the number of miles flown. Load factor: RPMs divided by ASMs and expressed as a percentage. Passengers: The total number of passengers booked on all flight segments. Investor Relations ContactLiliana Juárez / [email protected] Media Contact Ricardo Flores / [email protected] About Volaris*Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (“Volaris” or “the Company”) (NYSE: VLRS and BMV: VOLAR) is an ultra-low-cost carrier, with point-to-point operations, serving Mexico, the United States, Central, and South America. Volaris offers low base fares to build its market, providing quality service and extensive customer choice. Since the beginning of operations in March 2006, Volaris has increased its routes from 5 to more than 244 and its fleet from 4 to 153 aircraft. Volaris offers around 600 daily flight segments on routes that connect 46 cities in Mexico and 29 cities in the United States, Central, and South America, with one of the youngest fleets in Mexico. Volaris targets passengers who are visiting friends and relatives, cost-conscious business and leisure travelers in Mexico, the United States, Central, and South America. For more information, please visit ir.volaris.com. Volaris routinely posts information that may be important to investors on its investor relations website. The Company encourages investors and potential investors to consult the Volaris website regularly for important information about Volaris.

Investor releaseQuarter not tagged2026-07-22

Controladora Vuela Compania de Aviacion Q2 Earnings Call Highlights

MarketBeat
Interested in Controladora Vuela Compania de Aviacion, S.A.B. de C.V.? Here are five stocks we like better. Revenue surged 24% year over year to $859 million in Q2, even as capacity grew only 2%, as Volaris raised fares and shifted more traffic to higher-performing U.S.-Mexico routes. Ancillary revenue also remained a major contributor, making up 56% of quarterly revenue. Fuel costs heavily pressured earnings, with CASM rising 31% and the company posting a net loss of $127 million. Still, EBITDA came in above guidance at $141 million, helped by better-than-expected fuel prices and disciplined capacity management. Liquidity and fleet recovery remain priorities, with cash increasing to $824 million and grounded aircraft falling to 24 by quarter-end. Management reinstated full-year EBITDAR margin guidance of about 23% and said it will keep focusing on margins, cash flow and aircraft normalization rather than aggressive growth. Airline Stocks Off the Beaten Path: 3 Key Picks for Investors Controladora Vuela Compania de Aviacion (NYSE:VLRS), the parent company of Volaris, reported stronger revenue and liquidity in the second quarter of 2026 as management said it responded to sharply higher fuel costs with capacity cuts, fare adjustments and a heavier emphasis on U.S.-Mexico routes. President and CEO Enrique Beltranena said the airline faced “the most challenging fuel environment in our history” during the quarter but acted to preserve liquidity and keep routes cash positive. Volaris ended the quarter with $824 million in cash, up $58 million from the end of the first quarter. → Buyback Boom: These 3 Companies Are Betting Billions on Their Own Stocks “We proactively adjusted our network, aligned capacity with demand and economic contribution, and calibrated fares to market conditions,” Beltranena said. He added that every route operated cash positive during the quarter, which he described as evidence of the company’s disciplined network strategy. Total operating revenue reached $859 million in the second quarter, up 24% year over year, while capacity measured in available seat miles increased 2%, CFO Jaime Pous said. Total revenue per available seat mile, or TRASM, rose 22% to $0.0950, in line with management’s guidance. → 3 Photonics Companies Making Quantum Tech Possible Executive Vice President Holger Blankenstein said Volaris implemented phased fare increases…Read full document

Interested in Controladora Vuela Compania de Aviacion, S.A.B. de C.V.? Here are five stocks we like better. Revenue surged 24% year over year to $859 million in Q2, even as capacity grew only 2%, as Volaris raised fares and shifted more traffic to higher-performing U.S.-Mexico routes. Ancillary revenue also remained a major contributor, making up 56% of quarterly revenue. Fuel costs heavily pressured earnings, with CASM rising 31% and the company posting a net loss of $127 million. Still, EBITDA came in above guidance at $141 million, helped by better-than-expected fuel prices and disciplined capacity management. Liquidity and fleet recovery remain priorities, with cash increasing to $824 million and grounded aircraft falling to 24 by quarter-end. Management reinstated full-year EBITDAR margin guidance of about 23% and said it will keep focusing on margins, cash flow and aircraft normalization rather than aggressive growth. Airline Stocks Off the Beaten Path: 3 Key Picks for Investors Controladora Vuela Compania de Aviacion (NYSE:VLRS), the parent company of Volaris, reported stronger revenue and liquidity in the second quarter of 2026 as management said it responded to sharply higher fuel costs with capacity cuts, fare adjustments and a heavier emphasis on U.S.-Mexico routes. President and CEO Enrique Beltranena said the airline faced “the most challenging fuel environment in our history” during the quarter but acted to preserve liquidity and keep routes cash positive. Volaris ended the quarter with $824 million in cash, up $58 million from the end of the first quarter. → Buyback Boom: These 3 Companies Are Betting Billions on Their Own Stocks “We proactively adjusted our network, aligned capacity with demand and economic contribution, and calibrated fares to market conditions,” Beltranena said. He added that every route operated cash positive during the quarter, which he described as evidence of the company’s disciplined network strategy. Total operating revenue reached $859 million in the second quarter, up 24% year over year, while capacity measured in available seat miles increased 2%, CFO Jaime Pous said. Total revenue per available seat mile, or TRASM, rose 22% to $0.0950, in line with management’s guidance. → 3 Photonics Companies Making Quantum Tech Possible Executive Vice President Holger Blankenstein said Volaris implemented phased fare increases during the quarter to partially offset higher fuel costs. The effect was limited in April because of existing bookings tied to Semana Santa and spring break, but pricing absorption improved in May and June. Average base fares increased 25% year over year, driven primarily by the U.S.-Mexico cross-border market. Ancillary revenue per passenger rose 9% to $59, and ancillary sales accounted for 56% of total quarterly revenue. Blankenstein said the company’s Altitude loyalty program has more than 2.1 million active members and has been integrated with its co-branded INVEX credit card, which has more than 1 million cardholders. → AI Data Centers Need Power, and These 2 Industrials Are Cashing In Management highlighted the international network as a key driver of the quarter’s performance. International capacity reached 43% of total ASMs, compared with roughly 30% three years ago. In the second quarter, international ASMs rose 8%, while domestic capacity declined 2%. In the U.S.-Mexico transborder market, ASMs increased 12%, average base fares rose 25%, and traffic increased 21%, according to Blankenstein. Revenue in that market grew more than 30%, and international load factor reached 79.6%. By contrast, management said the Mexican domestic market remains more price-sensitive. Domestic load factor was 88.6%, and Volaris kept domestic capacity broadly flat while selectively adjusting fares. Beltranena said maintaining affordability is important in Mexico, where air travel penetration remains low and many consumers still use ground transportation. Blankenstein said Volaris recaptured about 86% of year-over-year fuel cost increases in the U.S.-Mexico market during the quarter, but overall fuel recapture was 28% under the company’s calculation. He said domestic fuel recapture was lower because of Volaris’ ultra-low-cost model and competition with subsidized ground transportation alternatives. CASM, or cost per available seat mile, rose 31% to $0.1058, primarily because economic fuel cost per gallon increased 70% year over year. CASM excluding fuel was $0.0675, slightly better than guidance, though up 19% year over year due to temporary and non-recurring items such as maintenance, redelivery expenses, merger-related costs and capacity reductions. Pous said the second quarter likely marked the peak CASM ex-fuel level for the year. He noted that maintenance and redelivery expenses were tied to four aircraft redeliveries and increased maintenance events as Volaris accelerated Pratt & Whitney engine inductions to reduce grounded aircraft. The company reported EBITDA of $141 million, representing a 16.3% margin and exceeding guidance of about 13%. Management said the variance was helped by U.S. Gulf Coast jet fuel prices averaging $3.70 per gallon, below the $4.00 per gallon assumed in guidance. EBIT was negative $99 million, and Volaris reported a net loss of $127 million, including a $137 million year-over-year impact from higher fuel expense. For the first half of 2026, total operating revenue was $1.6 billion, up 19% year over year, while capacity grew 2.1%. EBITDAR totaled $318 million, representing a 19.5% margin. The company recorded a first-half net loss of $199 million, reflecting a $175 million impact from higher fuel costs. Volaris said aircraft on ground declined from 41 at the beginning of the year to 24 at the end of the second quarter. Average aircraft on ground fell from 36 in the first quarter to 28 in the second quarter. Management expects grounded aircraft to remain in the low- to mid-20s during the second half as engines rotate through maintenance. The company ended June with 155 aircraft and an average fleet age of 6.8 years. Fuel-efficient NEO aircraft represented 68% of the fleet and 66.5% of the productive fleet during the quarter, up from an average of 56.6% in 2025. Beltranena said fleet recovery remains a major structural value driver, with normalization expected by the end of 2027. Scheduled lease returns are expected to reduce the contractual fleet to about 137 aircraft by year-end 2027. Management said that would generate roughly $50 million in annual lease savings and reduce lease liabilities by about $360 million. Pous said Volaris generated $272 million in cash flow from operating activities during the quarter. The company’s liquidity position of $824 million represented 25% of last-12-month operating revenue. Net debt to EBITDAR was 3.3 times, compared with 3.2 times at the end of the first quarter. Volaris also executed an engine financing facility that generated $78 million in net proceeds. Volaris reinstated full-year EBITDAR margin guidance, saying it now expects a margin of about 23% for 2026. For the third quarter, management expects: ASM growth of approximately 10% year over year, concentrated in July and August; RASM of about $0.0990; CASM excluding fuel of approximately $0.0635; EBITDAR margin of about 22%; Average foreign exchange rate of about 17.6 Mexican pesos per U.S. dollar; Average U.S. Gulf Coast jet fuel price of about $3.50 per gallon. For the full year, Volaris expects ASM growth of about 5%, capital expenditures of around $350 million and average U.S. Gulf Coast jet fuel of about $3.20 per gallon. Pous said more than 90% of planned capital expenditures are tied to maintenance events and aircraft redeliveries. Beltranena also said the proposed transaction with Viva continues to progress through regulatory review. Volaris received final regulatory approval from Colombia in late April and is working with the U.S. Department of Justice and Mexico’s National Antitrust Commission. He said the company continues to hope to receive the remaining approvals and complete the transaction by the end of the year. Management said Volaris will continue adjusting capacity based on fuel prices, demand and aircraft availability, with a focus on liquidity, margins and free cash flow rather than growth for its own sake. Controladora Vuela Compañia de Aviacion, SAB de CV (NYSE: VLRS) is a Mexico-based airline holding company whose primary business is the operation of low-cost scheduled air transportation services. Through its principal operating subsidiary, Volaris, the company provides passenger and cargo flights on domestic and international routes. Its business model emphasizes unbundled ancillary services and point-to-point operations designed to offer competitive fares across its network. Volaris serves more than 120 routes linking major metropolitan areas and secondary cities in Mexico, the United States and Central America. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "Controladora Vuela Compania de Aviacion Q2 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for July 2026.

TranscriptFY2026 Q22026-07-22

FY2026 Q2 earnings call transcript

Earnings source - 92 paragraphs
Operator

Good morning, everyone, and thank you for joining Volaris' second quarter 2026 financial results conference call. All lines are currently in listen-only mode. After the company's remarks, we will open the call for questions. Please note that today's event is being recorded and webcast live on the Volaris website. I would like to turn the call over to Liliana Juárez, Investor Relations Manager. Please go ahead, Liliana.

Liliana Juárez

Welcome to our second quarter 2026 earnings call. Joining us today are our President and CEO, Enrique Beltranena, our Executive Vice President, Holger Blankenstein, and our CFO, Jaime Pous. They will be discussing the company's results, followed by a Q&A session. This call is for investors and analysts only. Please note that this call may include forward-looking statements under applicable securities laws. These are subject to several factors that could cause the company's results to differ materially, as described in our filings with the U.S. SEC and Mexico CNBV. These statements speak only as of the date they are made, and Volaris undertakes no obligation to update or modify them. All figures are in US dollars compared to the second quarter of 2025, unless otherwise noted. With that, I will turn the call over to Enrique.

Enrique Beltranena

Good morning, everyone, and welcome to our second quarter 2026 earnings call. In the second quarter, we responded immediately and decisively, taking the actions needed to preserve liquidity, protect our value proposition, and maximize performance across our network, despite facing the most challenging fuel environment in our history. Through disciplined capacity management, commercial execution, and operational efficiency, we deployed aircraft where economic returns were strongest. We proactively adjusted our network, aligned capacity with demand and economic contribution, and calibrated fares to market conditions. We ensured that every route was operating cash positive during the quarter, a powerful proof point of our disciplined network strategy and our ability to protect liquidity and balance sheet flexibility despite the elevated fuel costs. As a result of our efforts, we ended the second quarter with $824 million in cash, an increase of $58 million from the end of the first quarter.

Enrique Beltranena

Multiple actions within the network and revenue generated strong operating cash, with our network strategy playing a central role to this performance. In the second quarter, TRASM was 22% above last year. Yes, 22%. Well above the growth reported by publicly traded legacy carriers in the U.S. and Latin America. That is a significant accomplishment for an ultra-low-cost carrier operating in an emerging market, where customers are highly price sensitive, and pricing actions must be carefully balanced with preserving demand. It reflects the strength of our commercial execution and the resilience and ever-growing attractiveness of the Volaris value proposition. A key part of that strategy has been the deliberate expansion of our international network. International capacity reached 43% of total ASMs during the quarter, up from roughly 30% three years ago. This deliberate expansion has strengthened our network diversification and established an unmatched U.S. footprint among Mexican carriers.

Enrique Beltranena

That strategic vision is bearing fruit. In the U.S.-Mexico transported market, we dynamically redeployed capacity to our markets with robust demand and strong fare absorption. The market absorbed both the additional capacity and higher base fares, driving revenue growth of more than 30% year-over-year and bringing load factor back to our historical average levels. In the emerging Mexican domestic market, we kept capacity broadly flat, aligning it with prevailing demand, protecting the accessibility of our product, and the strength of our core network, while selectively adjusting fares to market conditions. This approach supported domestic load factor of 89%, while preserving the competitiveness of air travel relative to ground transportation alternatives that benefit from subsidized gasoline and diesel prices. Maintaining this balance is particularly important in Mexico, where air travel penetration remains low and much of the population still does not fly.

Enrique Beltranena

We remain committed to stimulating demand across this large, underserved market, while preserving the low-fare value proposition that supports its long-term growth potential. Beyond our network actions, we continue to optimize fuel consumption through tactical efficiency initiatives, disciplined fleet assignment, and greater utilization of our available new aircraft, consistent with the recovery of our GTF engines. As a result, we achieved the highest fuel efficiency in Volaris history. Fuel efficiency measured as ASMs per gallon improved 3.3% year-over-year from 105.8 in the second quarter of 2025 to 109.2 in the second quarter of 2026. This improvement allowed us to avoid approximately 2 million gallons of fuel consumption and generated an estimated $7 million in savings during the quarter. Moving to our key financial metrics, as noted earlier, TRASM came in at $0.0950, consistent with our guidance, while CASM ex-fuel of $0.0675 was slightly better than expected.

Enrique Beltranena

We delivered an EBITDAR margin of 16.3%, above our guidance of approximately 13%. This result reflected strong execution across our network, revenue, cost levers, together with jet fuel prices that averaged approximately 8% below the assumption embedded in our guidance. The third quarter encompasses our peak summer season and is typically one of the most profitable periods of the year. Accordingly, we strategically planned ASM growth of approximately 10% year-over-year, concentrated in July and August. While this represents a meaningful step-up from our year-to-date growth rate, it is designed to capture strong summer demand at attractive fares and maximize cash and economic contribution. As we move into September and the lower-demand season, we will meaningfully trim ASM growth.

Enrique Beltranena

Consistent with this pace, we expect full-year ASM growth of approximately 5%, with continued emphasis on the U.S. transborder market, adjusting fleet utilization to maintain the right balance among unit revenues, margins, and cash generation. Supporting this capacity plan, our fleet recovery remains on track. Aircraft on ground, or AOGs, declined from 41 at the beginning of the year to 24 at the end of the second quarter, in line with our expectations. We expect AOGs to remain broadly around this level in the near term as individual aircraft rotate in and out of service through scheduled engine inductions, returns to service, and major maintenance events. Importantly, the overall recovery trajectory remains consistent with our plan. This increases our flexibility to deploy aircraft during periods of stronger demand and supports greater fleet efficiency, stronger earnings potential, and improved cash generation without requiring incremental aircraft investment.

Enrique Beltranena

Looking further ahead, fleet recovery remains one of the most important structural value creation levers. Aircraft availability is expected to progressively improve, with normalization anticipated by the end of the year of 2027. At the same time, schedule lease returns are expected to reduce our contractual fleet to approximately 137 aircraft. This combination will expand our revenue-generating capacity on a smaller contractual fleet base. Once fully realized, it is expected to generate approximately $50 million in annual lease savings and reduce lease liabilities by around $360 million, supporting higher utilization and stronger margins while creating a meaningful structural tailwind to earnings and free cash flow generation. This recovery does not change our approach to growth. Capacity will continue to be deployed with discipline, aligned with demand, and focused on sustained profitability and cash generation.

Enrique Beltranena

As we move through the second half of 2026, geopolitical developments continue to influence fuel prices. Against this backdrop, we have consistently demonstrated our ability to respond quickly, adapt our network, and protect performance. The actions taken during the first half are already producing tangible results. Based on the progress achieved to date and our conviction in our strategy and execution, we are reinstating our full-year EBITDAR margin guidance. We now expect a full-year EBITDAR margin of approximately 23%, which Jaime will discuss in greater detail. With that, I will turn the call over to Holger to discuss our commercial and operational performance and our outlook for the rest of the year.

Holger Blankenstein

Thank you, Enrique. As previewed on our first quarter call, we took targeted network actions to mitigate higher jet fuel prices. We optimized selected frequencies, suspended low-margin off-peak and weekend flights while preserving route service, and deployed capacity only where it supported positive margin contribution, cash generation, and route-level profitability. For the second quarter, total ASMs grew 2%, reflecting 8% growth internationally and a 2% reduction in the domestic market. We moderated capacity and fleet utilization deliberately, concentrating flying where economic returns were strongest. We implemented phased fare actions during the quarter to partially offset higher fuel costs while preserving load factors with targeted increases on high-performing routes. The impact was initially limited in April due to strong existing bookings for Semana Santa and spring break. As those bookings rolled off, pricing absorption strengthened in May and June.

Holger Blankenstein

Overall, our average base fare increased by 25% year-over-year in the second quarter, driven primarily by the U.S.-Mexico cross-border market. These results underscore the strength and adaptability of our commercial approach. At the network level, load factor was 84.8%, with international performance standing out. In the U.S.-Mexico transborder market, growth came with strong pricing power. ASMs increased by 12%, average base fares rose by 25%, and traffic grew by 21%, well above the industry average. This drove revenue growth of more than 30%, while international load factors reached 79.6%. This is the quality of growth we are targeting, deploying additional capacity at higher fares and translating it into stronger unit revenue and cash generation. This strong fare absorption enabled us to recapture approximately 86% of year-over-year increases in fuel costs in the international market during the second quarter, approaching the levels achieved by U.S. legacy carriers.

Holger Blankenstein

The domestic market follows a different dynamic. As a ULCC serving a more price-sensitive customer base in Mexico's emerging aviation market, we must calibrate fare actions carefully to preserve accessibility and demand. As our pricing actions become fully reflected in the revenue base, we expect to fully recapture the year-over-year increase in fuel costs in the international market by the fourth quarter, assuming current market conditions. In the domestic market, recapture should continue to improve progressively, consistent with our low-fare value proposition. Against this backdrop, domestic load factor remains strong at 88.6%, despite our selective fare actions. In June, we also adjusted pricing tactically to capture additional close-in demand during the FIFA World Cup period. Looking ahead, we will continue to preserve the accessibility of our product and the strength of our core network while selectively adjusting base fares where demand supports them.

Holger Blankenstein

Overall, we delivered record second quarter TRASM of $0.095, in line with our guidance. This represented a 22% increase year-over-year and a sequential 10% increase from the first quarter. This performance was supported by continued strength in the cross-border market and resilient domestic demand, reflecting disciplined commercial execution with strong ancillary performance and targeted capacity deployment across the network. As we move into the second half, we will continue to manage fares and capacity with discipline, optimizing for TRASM, load factor, and economic contribution. We have a clear playbook to respond to changes in fuel prices. We will calibrate these levers by market to protect margins and cash generation while preserving demand. We continue to see resilient demand across the network, even against a softer domestic consumer backdrop. Our segmentation and brand initiatives are enabling us to maintain pricing discipline and capture demand more effectively as competitive dynamics evolve.

Holger Blankenstein

On the ancillary front, ancillary revenues per passengers increased to $59, up 9% year-over-year, reflecting sustained adoption. Ancillary sales represented 56% of total quarterly revenues, underscoring the structural strength of our platform and its contribution to revenue resilience. Ancillary growth has been driven by ongoing customer segmentation initiatives. Our loyalty program, Altitude, now has more than 2.1 million active members, and we have officially integrated it with our co-branded INVEX credit card, which has more than 1 million credit card holders who can now earn and redeem Altitude points. We are also pleased to announce that we will roll out Starlink high-speed internet across our fleet, with onboard availability starting next year. This represents an upgrade to the customer experience that remains aligned with our ultra-low-cost model, and we believe it will support ancillary monetization over time. Our commercial efforts have also been reinforced by network initiatives.

Holger Blankenstein

The 33 domestic and international routes that began operating in June have performed especially well and are cash positive, even against the fuel and economic backdrop. Within this broader strategy, our segmentation approach in Guadalajara remains a standout, and we continue to successfully cater to higher-yielding leisure, small and medium-sized business, and multi-use passenger segments. The performance of these new routes reflects a more targeted approach to inaugurating capacity compared with our typical demand stimulation strategy. On these higher-yielding, diversified sectors, we can ramp profitability and cash generation more quickly while remaining committed to our core base of the pyramid passengers. Turning now to our third quarter outlook. Regarding capacity, as Enrique explained, we are planning ASM growth of approximately 10% for the third quarter.

Holger Blankenstein

This growth is intentionally front-loaded into July and August, with capacity deployed into the markets and travel windows where fare dynamics and economic contribution are strongest. As the lower demand season begins in September, we will meaningfully reduce the pace of ASM growth to protect TRASM, margins, and cash generation. Looking ahead to the peak summer period, booking trends remain healthy across the network, with particular strength in the U.S. cross-border market. Current booking curves support continued pricing strength and healthy demand in July and August, reinforcing our confidence in the capacity deployment planned for the quarter. The actions implemented in the first half provide a foundation for the second half of this year. We will continue to use this playbook as we move into the third quarter.

Holger Blankenstein

Supported by higher yields, continued gross broader strength, and the momentum from our segmentation initiatives, we expect third quarter TRASM of approximately $0.099, up 4% sequentially and 14% increase year-over-year. Our disciplined framework allows us to keep calibrating deployment as demand, network trends, and geopolitical conditions evolve. For the full year of 2026, we now expect ASM growth of approximately 5%, reflecting the capacity adjustments made to date. We will continue to retain flexibility to calibrate deployment as fuel prices, demand trends, and aircraft availability evolve. I will turn the call over to Jaime to cover our second quarter financial results and latest guidance.

Jaime Pous

Thank you. Good morning, everyone. As Enrique and Holger outlined, the actions implemented during the quarter are delivering tangible results. We strengthened our cash position and made continued progress in aircraft availability despite significant field pressure. This execution reinforces the resilience of our business, supports Volaris long-term earnings power, and positions us for sequential improvement in the second half. Turning to our results, total operating revenues reached $859 million, increasing 24% year-over-year on a 2% capacity growth. This performance was driven by healthy demand across our markets, disciplined capacity deployment, and a 16% increase in total revenue per passenger. The Mexican peso appreciated 11% on average against the U.S. dollar compared with the same period of last year, supporting a more favorable translation of domestic revenues. This benefit was partially offset on the cost side by a higher dollar translation of our peso-denominated expenses.

Jaime Pous

Moving to costs, CASM was $0.1058, increasing 31% year-over-year. This was primarily driven by a 70% year-over-year increase in economic fuel cost per gallon. CASM ex-fuel of $0.0675 came in below guidance. As anticipated, the 19% year-over-year increase primarily reflected temporary and non-recurring items, which represented $0.0061 of unit cost in the quarter. This included maintenance and re-delivery expenses, merger-related costs, and the impact of capacity reductions implemented during the period. The fleet-related expenses were primarily associated with four aircraft redeliveries and a significant increase in maintenance events as we accelerated Pratt & Whitney engine inductions to support our AOG reduction plan. These are deliberate investments to remove operational constraints and restore the earnings capacity of aircraft already within our fleet. Based on our current outlook, the second quarter marked the peak CASM ex-fuel level for this year.

Jaime Pous

While redeliveries and major maintenance events will continue during the second half, bringing grounded aircraft back into operation should support a lower unit cost trajectory and a stronger operating leverage over time. Second quarter, EBITDA reached $141 million, translating into a 16.3% margin above our 13% quarterly guidance. This variance was primarily driven by lower-than-forecasted U.S. Gulf Coast jet fuel prices, which averaged $3.70 per gallon versus the $4 per gallon assumed in our guidance. EBIT was negative $99 million with a negative 11.5% margin, while net loss for the quarter was $127 million, reflecting a $137 million impact from the year-over-year increase in fuel expense. As grounded new aircraft return to service, improved aircraft availability should support stronger margins and sequential profitability improvement across the income statement.

Jaime Pous

Moving briefly to our results in the first half of 2026, total operating revenues reached $1.6 billion, increasing 19% compared with the first half of 2025 on a 2.1% capacity growth. EBITA totaled $318 million, representing a 19.5% margin. Fuel remained the dominant headwind, with economic fuel cost per gallon increasing 42% year-over-year. Net loss for the period was $199 million, reflecting a $175 million impact from the year-over-year increase in the fuel bill. Turning to cash flow and balance sheet data, cash flow from operating activities reached $272 million during the quarter. The cash outflows used in investing and financing activities were $63 million and $156 million, respectively. CapEx, excluding fleet predelivery payments, was $148 million, primarily reflecting planned heavy maintenance events to prepare our grounded fleet for the return of Pratt & Whitney engines, together with the strategic engine purchases.

Jaime Pous

These investments enhance fleet flexibility, lower future redelivery costs, and reduce potential cash outflows during a period of elevated maintenance activity. Volaris closed the quarter with a liquidity position of $824 million, increasing $58 million sequentially despite elevated fuel cost pressure and representing 25% of last 12 months' total operating revenues. Net debt-to-EBITA ratio stood at 3.3x, compared with 3.2x at the end of the first quarter. Our ability to strengthen our cash position while maintaining broadly stable leverage in this environment demonstrates the effectiveness of the commercial, operational, and financial actions implemented. During the quarter, we executed an engine financing facility that generated $78 million in the net proceeds and further diversified our funding sources. Additionally, the rescheduling of Airbus deliveries originally planned for 2027 and certain deliveries in 2028 have reduced our pre-delivery payment requirements and related financing needs for 2026 and 2027.

Jaime Pous

Together with the full amortization of our 2021 Mexican bond, these actions support a more balanced debt profile and preserve meaningful financial flexibility. Now, turning to our fleet plan and engine availability. As of June 30th, our fleet consisted of 155 aircraft, with an average age of 6.8 years. Fuel-efficient NEO aircraft represented 68% of the fleet. We are also deliberately prioritizing the deployment of our most fuel-efficient aircraft in the current environment. As a result, NEOs represented an average of 66.5% of our productive fleet during the quarter, up from an average of 56.6% in 2025. This focus on fleet efficiency is being reinforced by continued progress in engine availability. As Enrique mentioned, AOGs declined from 41 at the beginning of the year to 24 at the end of June, while average AOGs decreased from 36 in the first quarter to 28 aircraft in the second quarter.

Jaime Pous

This progress was consistent with our plan and reinforces our confidence in the execution of our engine recovery strategy. Throughout the second half, we expect Aircraft on Ground to remain in the low to mid-20s, with individual aircraft rotating in and out of AOG status as engine center and return for maintenance shops. At the same time, we are actively rightsizing our contractual fleet. By rescheduling our 2027 and certain 2028 Airbus deliveries together with the scheduled lease returns, we are aligning fleet commitments with demand and the pace of our AOG recovery. This give us greater flexibility to return productive capacity to service while maintaining discipline control over growth and capital deployment. The objective is to maximize economic output of the fleet while reducing capital intensity and strengthening cash generation.

Jaime Pous

To put this in context, by year-end 2027, scheduled lease returns are expected to reduce our contractual fleet to approximately 137 aircraft and lower lease liabilities from about $3.2 billion today to approximately $2.8 billion. This will allow us to unlock more revenue-generating capacity from a smaller contractual fleet base, further strengthening our balance sheet and supporting free cash flow generation. Looking to the second half of the year, our priority is to convert this progress into stronger earnings. We will continue actively managing fuel exposure, deploying capacity according to route level economics, and maintaining a strong balance sheet. A key component of this strategy is aircraft deployment. High asset productivity is fundamental pillar of the ultra-low-cost carrier model and a key driver of our low unit cost structure. However, productivity must be balanced with demand, pricing, and economic contribution.

Jaime Pous

In the second quarter, we deliberately moderated capacity in response to the elevated fuel environment. This brought to utilization, measuring ASMs per productive aircraft per day, to approximately 10% below both last year's level and our budget. It was the right call. This was a deliberate economic decision that allow us to concentrate capacity, where flying generating positive margin and cash contribution. Consistent with this approach, utilization is expected to increase in the months of July and August as we concentrate flying during the peak summer period, before declining in September as we enter the lower-demand season. Greater aircraft availability give us the flexibility to calibrate deployment by market and season, maximizing the economic output of the fleet rather than pursuing capacity growth as an objective in itself.

Jaime Pous

Supported by this disciplined deployment strategy and healthy peak summer demand, for the third quarter of 2026, we expect ASM growth of approximately 10% year-over-year, RASM of around $0.0990, CASM ex fuel of approximately $0.0635, and an EBITDAR margin of around 22%. Our third quarter outlook assumes an average foreign exchange rate of around MXN 17.6 per US dollar and an average U.S. Gulf Coast jet fuel price of approximately $3.50 per gallon. For full year 2026, this translates into ASM growth of approximately 5% year-over-year, an EBITDAR margin of around 23%, and CapEx of around $350 million. Our full year outlook assumes an average foreign exchange rate of around MXN 17.6 per US dollar and an average U.S. Gulf Coast jet fuel price of approximately $3.20 per gallon.

Jaime Pous

Taking together these factors position us for clear sequential earnings improvement through the second half, while preserving the flexibility to adapt as market conditions evolve. I will turn the call back to Enrique for closing remarks.

Enrique Beltranena

Thank you, Jaime. Our team has worked together for decades and has successfully navigated multiple industry cycles and unexpected disruptions. At Volaris, we have built a resilient culture and a proven ability to act decisively. That strength supported our solid operating performance in the second quarter and positions us to continue managing through the elevated fuel environment. Before we start Q&A, I'd like to highlight the latest developments in our proposed transaction with Viva. The regulatory process continues to move forward as expected. We have reached significant milestones. In late April, we received final regulatory approval from the government of Colombia. We are closely working with the United States Department of Justice to comply with their request for information. In Mexico, we have fully complied with, and closed at least two-thirds of the requests of information from the National Antitrust Commission.

Enrique Beltranena

We continue to hope to receive the remaining regulatory approvals to complete the transaction by the end of this year. We remain confident that the transaction will create meaningful value for customers, communities, the Mexican aviation industry, our investors, and the investors. The second quarter, now to finish, demonstrated the resilience of our model and the strength of our execution. Our priorities remain clear: maintain a strong liquidity position, expand margins, and translate the recovery of our fleet into sustainable earnings and free cash flow. We enter the second half with stronger commercial momentum, improving fleet productivity, and confidence in our ability to continue delivering against these priorities. I'll now turn the call over for Q&A.

Operator

Thank you. The floor is now open for questions. If you have a question, please press star one one on your phone at this time or any time. If at any point your question is answered, you may remove yourself from the queue by pressing star one one again. Questions will be taken in the order that they are received. Please hold while we compile a Q&A roster. Our first question comes from Duane Pfennigwerth with Evercore ISI. You may proceed.

Duane Pfennigwerth

Hey, thank you. Good morning. I wanted to ask you about the factors influencing your CASM Ex outlook, which you touched on for the second quarter, but I wonder if you can maybe quantify the impact of these in the third quarter outlook. If we think about currency, if we think about lease return expense, and potential changes in the GTF reimbursement, how should we think about the underlying core trend excluding those factors?

Jaime Pous

Hello, Duane. This is Jaime. For the Q3 and the rest of the year, Duane, I think the CASM is going to be in the level as we guided for the Q3, which is $0.0635. The factors influencing it obviously continue to be the foreign exchange. Remember that a stronger peso has an impact on the cost. It has some impact on the increase of capacity to the U.S. U.S. operations cost a little bit more than the domestic operation, which is strategic because of the benefit of the revenue. We will continue to have maintenance events related to the engines with delivery of six more aircraft during the second half of the year. In addition, one-time transactional fees related to the merger regulatory process and closing.

Jaime Pous

In addition, you will note that since we are lowering the number of AOGs, we closed the quarter from 41 to 24 at the end of the quarter. We are receiving lower compensation by Pratt that you will see it in the other operating income line at the expense lines.

Duane Pfennigwerth

Okay, that's helpful. Then I just wanted to check with where your fleet is headed. I think you said, what was a year-end 2027 number of 135 or 137. I just want to check that compares with where you sit at 155 today. Maybe you could just clarify where the total fleet sits today and just reiterate where you think that'll be exiting next year. Thanks for taking the questions.

Jaime Pous

Sorry, I turned off the mic. Total fleet today is 155 aircraft. By the end of 2027, we expect to be at 137 aircraft. This year, for the remaining of the year, the AOGs will be in the mid-20s to low 20s. It moves every day. Engines are going to the shops. We are receiving engines. You're going to see different planes. Think about the year is as planned, as we executed, to close the year in the low 20s number. The rest of the year, 2027, we expect to be back to normality to only a few AOGs by the end of 2027. As you can see, that's an important reduction in lease liabilities. As mentioned in the call, we expect to reduce this liability from $3.2 billion to $2.8 billion.

Jaime Pous

The annual savings in rents on 2027 compared to 2026 should be around $50 million.

Duane Pfennigwerth

Okay, I'll leave it there. Thank you.

Operator

Thank you. Our next question comes from Michael Linenberg with Deutsche Bank. You may proceed

Michael Linenberg

Oh, yeah. Hey. Good morning, everyone. One of your primary competitors highlighted the fact that in the June quarter, they were able to achieve a 75% recapture rate of the higher fuel expense, and the forecast was to get to at least 50%. We've seen other airlines at 50%. Maybe what were you expecting, and where did you come out in the June quarter? Can you just give us a sense of that trajectory in that recapture rate as we move through the year?

Holger Blankenstein

Hi, Michael. This is Holger.

Michael Linenberg

Oh, hey Holger.

Holger Blankenstein

Good morning. In terms of our fuel recapture calculation, it is based on the TRASM and jet fuel assumptions embedded in our February guidance. On the 25 levels as many other airlines calculate fuel recapture.

Michael Linenberg

Okay.

Holger Blankenstein

In the second quarter, we achieved a 28% recapture based on that calculation, and that was on the high end of what we guided in the previous call. If you look at the fuel recapture broken down by geography, the cross-border U.S.-Mexico market remains the highest contributor to the fuel recapture. It currently represents about 40% of our total capacity, and it continues to deliver strong pricing and revenue quality. If you look at the second quarter, the fuel recapture from the U.S.-Mexico transporter market was about 86%.

Holger Blankenstein

In the domestic market, it was lower because the domestic market follows a different dynamic. As a ULCC carrier, we are serving more price-sensitive customers in Mexico. As you know, Mexico is an emerging aviation market, and stimulate demand, looking at the price-sensitive customer base. We calibrated fares carefully in the domestic market and improved our revenues, while also preserving accessibility, and volumes, and demand in the Mexican domestic market.

Holger Blankenstein

If we look at the second half of the year, we expect that our commercial actions will continue to offset, in a meaningful way, the fuel price pressures. Our focus will remain on improving TRASM through disciplined pricing and capacity allocation. That obviously will support earnings in the second quarter. Also remember, Michael, that in the Mexican market, there is fuel and diesel subsidies in the domestic market for other means of transportation, and we compete, obviously, against other means of transportations more than in the transport market, and that's why the fuel recapture rate is lower.

Holger Blankenstein

One final point, in terms of the recent unit revenue improvements that you saw in the second quarter and that we project for the second half. It reflects more than just fuel pass-through. It reflects a stronger network mix, better segmentation, growing customer affinity, and a more developed ancillary platform.

Michael Linenberg

Okay. That's helpful. Super helpful, Holger. just one quick follow-up here. I saw the headlines out that you are going to be introducing the Starlink product on your airplanes. Based on what we know about that, there is obviously a CapEx impact. There is a cost of installing on every single airplane, and then there's also an ongoing, call it a service fee, as well as the fact that we've seen carriers that have signed up for Starlink that they have to offer it for free. I think about your bundling or unbundling model. Are you in a position where you will be able to charge for Starlink? Can you also talk about the potential CapEx impact of installing that, or maybe that's going to be borne by or shared with Starlink. Thanks for taking my question.

Holger Blankenstein

Thanks, Michael. This is Holger again. The Starlink contract was negotiated as part of Indigo Partners deal. We negotiated together with the other Indigo airlines, and we achieved a very good deal with Starlink. We believe that the rollout is going to be in 2027 on our entire fleet.

Michael Linenberg

Okay

Holger Blankenstein

We believe that this is going to meaningfully enhance our ancillary platform. The commercials of how much we're going to charge exactly is not defined yet, we're working on that.

Michael Linenberg

Okay.

Holger Blankenstein

We do believe it will meaningfully improve our ancillary revenues.

Michael Linenberg

Absolutely. Great. Thanks, Holger.

Holger Blankenstein

On the CapEx side, what we are seeing is that the benefit that we are going to get in the cost from data that we are going to get for operation will fully amortize the investment in CapEx that we will need to make in order to install the equipment on the planes.

Operator

Thank you. Our next question comes from Gabriel Frazão with Bank of America. You may proceed.

Gabriel Frazão

Good morning, gentlemen. Thanks for taking my questions. Regarding the third quarter TRASM guidance, could you provide some color on how much of the booking curve has already been sold for this quarter? Also, if based on what you are seeing today, if fares are tracking in line with your expectations, do you believe there could still be some room for upside in relation to this TRASM guidance?

Holger Blankenstein

Thank you. This is Holger again. In terms of the third quarter, what we are seeing right now is that demand remains resilient. We are proactively managing capacity and the fares in both the international and domestic markets based on what the booking trends are and what we're seeing, and obviously the volumes and load factors as well. If we look at the capacity, we have allocated capacity based on the highest economic opportunities across our network. For summer specifically, that means that we're adding capacity both in the domestic and international markets, obviously where demand and pricing supports attractive returns. However, if you look into the September month, which is low season, we will trim capacity in line with seasonality and demand patterns. As I mentioned earlier, the international fare absorption, the pass-through that we are achieving in the international market, is particularly strong.

Holger Blankenstein

We continue to have an important gap in terms of fares versus our international competitors and the legacy carriers. We have allocated more capacity into the international markets as we are seeing stronger demand and fare absorption there. In Mexico, where we serve that price-sensitive customer base that I was mentioning, we are carefully calibrating fares to improve TRASM while preserving volumes and affordability. We are seeing strong demands in the domestic market. We are looking at load factors of 89% in the second quarter. As July and August are high seasons, we are optimistic about what we're seeing in the high season. As a note, we are already three weeks into July. We have three weeks under our belt in July. The load factors and TRASM performance has been strong.

Holger Blankenstein

In August, we have also good visibility on our booking curves and the trend for August continues. Obviously those two months have the highest execution risk for the third quarter, and we are optimistic of achieving the TRASM guidance of 9.9 for the third quarter.

Gabriel Frazão

Okay, that's very clear. Thank you.

Operator

Thank you. Our next question comes from Filipe Nielsen with Citi. You may proceed.

Filipe Nielsen

Hey. Hi, everyone. Thanks for taking the questions. I have a follow-up on the ex-Q costs. I just wanted to understand, you explained a little bit the dynamics behind the guidance and how are you expecting the multiple effects into the second half. Just wondering how fleet utilization factors in. You're deploying a lot of capacity in the summer, but pulling back after September, and at the same time, you're receiving AOGs and changing the fleet. Just wondering how the fleet utilization is evolving in the second half, and how should we understand this to be factored in your expectations for the CASM ex-Q in the second half? Thank you.

Jaime Pous

This is Jaime. As we explained, you are going to see utilization lower in the months of September and October, then improving in November and going to the standard above 13 hours, 14 hours for the month of December. Obviously, it has an impact on the cost, but considering current fuel environment is an investment decision to do that. If you look at the $0.0635 guidance, you can think that around 20% of that additional cost is coming from the lower utilization versus historical level of above 13%. It's contributing in liquidity and cash for the company.

Filipe Nielsen

Great. This is clear. Thank you. Just, if I may, one follow-up on the fleet plans. Just wondering how the redeliveries and the deliveries pace are evolving in the second half. Have you received all or most of the new NEOs for the year, or is there any remaining deliveries in the second half? Just wondering how the fleet mix and delivery space is evolving. Thank you.

Jaime Pous

Of course. We are going to be redelivering six aircrafts in the second half of the year. At the same period of time, we are going to get deliveries of a similar number of aircrafts. The total deliveries were around eight, but we already sold four of them. In terms of total aircraft, we are going to be lowering the number from the start of the year to the end of the year, even in 2026.

Operator

Thank you. Our next question comes from Jens Spiess with Morgan Stanley. You may proceed

Jens Spiess

Yes. Hello guys. I have a question on the fuel recapture guide of 100% by the end of the year. What is implied in terms of TRASM there and jet fuel? You are guiding for a lower jet fuel for the year versus third quarter. Is it around $3 per gallon? Is TRASM around the level we will see for the third quarter? Is that about right?

Jaime Pous

How are you? This is Jaime. The guidance that we are providing assumes a third Q Gulf Coast jet fuel price of $3.50 and a fourth Q of 2026 of $3.08.

Jens Spiess

Zero eight. Okay. More or less TRASM, could we assume that you will keep it at the $0.099$ level, or are further increases expected or even some declines? How should we think about it?

Jaime Pous

Seasonality, you know the fourth Q is stronger than the third Q. TRASM for the fourth Q is going to be higher, we expect, than the guidance that we provided on the $0.099$ for the third Q.

Jens Spiess

Oh, nice. Okay. If I may, just one additional question on the redelivery. For the full year, assuming you redeliver six in the second half, to what number will you get for the full year? Is it around 14?

Jaime Pous

Less

Jens Spiess

Also, how does this translate into the redelivery provisions? I want to understand how it will change in 2027 versus 2026, because I think you will have a similar amount of redeliveries in 2027, right?

Jaime Pous

Correct. For the full year, we are redelivering in 2026, 11 aircraft. Three redeliveries, instead of redelivering the plane because it was financially more attractive, we bought the planes. We already sold the frames and kept the engines to do the staggering program in order to reduce maintenance on redelivery on the engines. Next year is a similar number. Currently, we have 12 aircraft that we are going to be redelivering in 2027.

Jens Spiess

Okay, perfect. Thank you.

Operator

Thank you. Our next question comes from Julia Orsi with JPMorgan. You may proceed.

Julia Orsi

Yes. Hello, everyone. Good morning. We have two questions on our side. The first one, can you comment on more details on the 2027 capacity outlook? I know it's still early, but considering this fleet optimization plan that you just mentioned and the brand new normalization, what is, let's say, the base case so far for next year? The second, can you provide a breakdown for the CapEx in 2026, based on the guidance? Thank you.

Jaime Pous

As you know, normally the way that we plan in our five-year plan, we have a base capacity role of around 5% in terms of ASMs, with the ability to increase three or to reduce three points depending on how we see demand and market demand. That's the standard, that's the way we built in the flexibility on the fleet with that base increase of 5% year-over-year. Turning out in the CapEx, I will say that most of the CapEx is related to the number of maintenance events related to the engines, the number of inductions and heavy maintenance events. With some of those expenses, we are accelerating the depreciation because they were going to happen later on, but we want to get the durability on the engine once we get the engine back.

Jaime Pous

The other part of the CapEx is also related to maintenance, but to the redelivery of the planes. I will say that that's more than 90% of the CapEx involving the $350 million guidance.

Julia Orsi

Super clear. Thank you.

Operator

Thank you. Our next question comes from Alberto Valerio with UBS. You may proceed.

Alberto Valerio

Hi, good morning, gentlemen. Thanks for taking my questions. I have one about the results. If you could provide more details on the split on revenues. We see ancillary revenues with a lower share from the total revenues. Also on the cost side, if you could provide some details on the expansion cost for the air traffic, whether it's a pass-through from the airports or whether it's a mix of international and domestic airports. If you could provide details on these two lines from the results of the second quarter, we would appreciate. Thank you very much.

Holger Blankenstein

Our ancillary platform is maturing. We achieved $59 per passenger in the second quarter in ancillary revenues per passenger, about 56% of total operating revenues. Most improvements come from dynamic pricing of the ancillaries, especially the fare combos that we offer to our customers. We are approaching one year anniversary of our loyalty program, Altitude, which is picking up nicely. Obviously we have our vacation package business as well, which is ramping as expected. We continue on a positive trajectory for ancillaries also going into the second half of the year.

Alberto Valerio

Thank you.

Jaime Pous

Just adding up on Holger's comment, the landing and navigations are increasing because of two factor: greater flying to the U.S. cross-border market, and the second, we are having the increase in operations in terms of volume.

Alberto Valerio

Fantastic. Thank you so much.

Operator

Excuse me. That is all the time we have for questions. This concludes today's question and answer session. I would like to invite management to proceed with his closing remarks. Please go ahead, sir.

Jaime Pous

Just thank you to our ambassadors as well as our board of directors, investors, bankers, lessors and suppliers for all their support in this very difficult quarter, okay? I think we have stated good numbers. We keep on working very hard in the middle of the fuel crisis. We look forward to entering the third quarter with a continuous momentum and continuous discipline. I look forward to speaking to you on our next call. Thank you very much to everybody again.

Operator

Thank you. This concludes the Volaris conference call for today. Thank you very much for your participation. Have a nice day.

Investor releaseQuarter not tagged2026-07-21

Controladora Vuela: Q2 Earnings Snapshot

Associated Press

SANTA FE, Mexico (AP) — SANTA FE, Mexico (AP) — Controladora Vuela Compania de Aviacion SAB. de CV (VLRS) on Tuesday reported a loss of $127 million in its second quarter. The Santa Fe, Mexico-based company said it had a loss of $1.11 per share. The operator of low-cost airline Volaris posted revenue of $859 million in the period. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on VLRS at https://www.zacks.com/ap/VLRS

Investor releaseQuarter not tagged2026-07-21

Compared to Estimates, Controladora Vuela (VLRS) Q2 Earnings: A Look at Key Metrics

Zacks
Controladora Vuela (VLRS) reported $859 million in revenue for the quarter ended June 2026, representing a year-over-year increase of 24%. EPS of -$1.11 for the same period compares to -$0.54 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $849.63 million, representing a surprise of +1.1%. The company delivered an EPS surprise of -2.78%, with the consensus EPS estimate being -$1.08. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health. As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately. Here is how Controladora Vuela performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Available Seat Miles (ASMs) - Total: $9.06 billion compared to the $8.99 billion average estimate based on two analysts. CASM ex fuel (cents): 6.75 Cents versus the two-analyst average estimate of 6.79 Cents. Load factor - Total: 84.8% versus 84.3% estimated by two analysts on average. Average economic fuel cost per gallon: $4.18 compared to the $3.92 average estimate based on two analysts. Total operating revenue per ASM (TRASM): 9.49 Cents versus the two-analyst average estimate of 9.45 Cents. Operating expenses per ASM (CASM) (cents): 10.58 Cents versus the two-analyst average estimate of 10.54 Cents. Fuel gallons accrued: 82.43 Mgal versus 82.40 Mgal estimated by two analysts on average. Revenue Passenger Miles (RPMs) - Total: $7.68 billion compared to the $7.57 billion average estimate based on two analysts. Operating revenues- Passenger revenues- Fare: $382 million versus $356.11 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +34% change. View all Key Company Metrics for Controladora Vuela here>>> Shares of Controladora Vuela have returned -14.4% over the past month versus the Zacks S&P 500 composite's -0.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term. Want the latest recommendations from Zacks Investment Research? T…Read full document

Controladora Vuela (VLRS) reported $859 million in revenue for the quarter ended June 2026, representing a year-over-year increase of 24%. EPS of -$1.11 for the same period compares to -$0.54 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $849.63 million, representing a surprise of +1.1%. The company delivered an EPS surprise of -2.78%, with the consensus EPS estimate being -$1.08. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health. As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately. Here is how Controladora Vuela performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Available Seat Miles (ASMs) - Total: $9.06 billion compared to the $8.99 billion average estimate based on two analysts. CASM ex fuel (cents): 6.75 Cents versus the two-analyst average estimate of 6.79 Cents. Load factor - Total: 84.8% versus 84.3% estimated by two analysts on average. Average economic fuel cost per gallon: $4.18 compared to the $3.92 average estimate based on two analysts. Total operating revenue per ASM (TRASM): 9.49 Cents versus the two-analyst average estimate of 9.45 Cents. Operating expenses per ASM (CASM) (cents): 10.58 Cents versus the two-analyst average estimate of 10.54 Cents. Fuel gallons accrued: 82.43 Mgal versus 82.40 Mgal estimated by two analysts on average. Revenue Passenger Miles (RPMs) - Total: $7.68 billion compared to the $7.57 billion average estimate based on two analysts. Operating revenues- Passenger revenues- Fare: $382 million versus $356.11 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +34% change. View all Key Company Metrics for Controladora Vuela here>>> Shares of Controladora Vuela have returned -14.4% over the past month versus the Zacks S&P 500 composite's -0.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (VLRS) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Investor releaseQuarter not tagged2026-07-14

Earnings Preview: Alaska Air Group (ALK) Q2 Earnings Expected to Decline

Zacks
The market expects Alaska Air Group (ALK) to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended June 2026. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. The earnings report, which is expected to be released on July 21, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower. While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise. This airline is expected to post quarterly loss of $0.97 per share in its upcoming report, which represents a year-over-year change of -154.5%. Revenues are expected to be $4.09 billion, up 10.6% from the year-ago quarter. The consensus EPS estimate for the quarter has been revised 76.07% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period. Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts. Price, Consensus and EPS Surprise Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction). The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significan…Read full document

The market expects Alaska Air Group (ALK) to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended June 2026. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. The earnings report, which is expected to be released on July 21, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower. While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise. This airline is expected to post quarterly loss of $0.97 per share in its upcoming report, which represents a year-over-year change of -154.5%. Revenues are expected to be $4.09 billion, up 10.6% from the year-ago quarter. The consensus EPS estimate for the quarter has been revised 76.07% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period. Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts. Price, Consensus and EPS Surprise Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction). The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only. A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP. Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell). For Alaska Air, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -0.88%. On the other hand, the stock currently carries a Zacks Rank of #3. So, this combination makes it difficult to conclusively predict that Alaska Air will beat the consensus EPS estimate. While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number. For the last reported quarter, it was expected that Alaska Air would post a loss of$1.61 per share when it actually produced a loss of -$1.68, delivering a surprise of -4.35%. Over the last four quarters, the company has beaten consensus EPS estimates two times. An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss. That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported. Alaska Air doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release. Among the stocks in the Zacks Transportation - Airline industry, Controladora Vuela (VLRS), is soon expected to post loss of $0.97 per share for the quarter ended June 2026. This estimate indicates a year-over-year change of -79.6%. This quarter's revenue is expected to be $849.63 million, up 22.6% from the year-ago quarter. Over the last 30 days, the consensus EPS estimate for Controladora Vuela has been revised 51.4% up to the current level. Nevertheless, the company now has an Earnings ESP of 0.00%, reflecting an equal Most Accurate Estimate. This Earnings ESP, combined with its Zacks Rank #3 (Hold), makes it difficult to conclusively predict that Controladora Vuela will beat the consensus EPS estimate. Over the last four quarters, the company surpassed consensus EPS estimates three times. Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Alaska Air Group, Inc. (ALK) : Free Stock Analysis Report Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (VLRS) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Investor releaseQuarter not tagged2026-07-13

Earnings Preview: Controladora Vuela (VLRS) Q2 Earnings Expected to Decline

Zacks
Controladora Vuela (VLRS) is expected to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended June 2026. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. The stock might move higher if these key numbers top expectations in the upcoming earnings report. On the other hand, if they miss, the stock may move lower. While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise. This operator of low-cost airline Volaris is expected to post quarterly loss of $0.97 per share in its upcoming report, which represents a year-over-year change of -79.6%. Revenues are expected to be $849.63 million, up 22.6% from the year-ago quarter. The consensus EPS estimate for the quarter has been revised 51.43% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period. Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts. Price, Consensus and EPS Surprise Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction). The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only…Read full document

Controladora Vuela (VLRS) is expected to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended June 2026. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. The stock might move higher if these key numbers top expectations in the upcoming earnings report. On the other hand, if they miss, the stock may move lower. While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise. This operator of low-cost airline Volaris is expected to post quarterly loss of $0.97 per share in its upcoming report, which represents a year-over-year change of -79.6%. Revenues are expected to be $849.63 million, up 22.6% from the year-ago quarter. The consensus EPS estimate for the quarter has been revised 51.43% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period. Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts. Price, Consensus and EPS Surprise Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction). The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only. A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP. Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell). For Controladora Vuela, the Most Accurate Estimate is the same as the Zacks Consensus Estimate, suggesting that there are no recent analyst views which differ from what have been considered to derive the consensus estimate. This has resulted in an Earnings ESP of 0%. On the other hand, the stock currently carries a Zacks Rank of #3. So, this combination makes it difficult to conclusively predict that Controladora Vuela will beat the consensus EPS estimate. Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number. For the last reported quarter, it was expected that Controladora Vuela would post a loss of$0.91 per share when it actually produced a loss of -$0.62, delivering a surprise of +31.87%. Over the last four quarters, the company has beaten consensus EPS estimates three times. An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss. That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported. Controladora Vuela doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release. United Airlines (UAL), another stock in the Zacks Transportation - Airline industry, is expected to report earnings per share of $1.89 for the quarter ended June 2026. This estimate points to a year-over-year change of -51.2%. Revenues for the quarter are expected to be $17.68 billion, up 16% from the year-ago quarter. The consensus EPS estimate for United has been revised 24.6% higher over the last 30 days to the current level. However, a higher Most Accurate Estimate has resulted in an Earnings ESP of +1.26%. This Earnings ESP, combined with its Zacks Rank #3 (Hold), suggests that United will most likely beat the consensus EPS estimate. The company beat consensus EPS estimates in each of the trailing four quarters. Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (VLRS) : Free Stock Analysis Report United Airlines Holdings Inc (UAL) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Investor releaseQuarter not tagged2026-07-07

Volaris Reports June 2026 Traffic Results: Load Factor of 84%

GlobeNewswire
MEXICO CITY, July 07, 2026 (GLOBE NEWSWIRE) -- Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE: VLRS and BMV: VOLAR) (“Volaris” or “the Company”), the ultra-low-cost carrier (ULCC) serving Mexico, the United States, Central and South America, reports its June 2026 preliminary traffic results. In June, Volaris’ ASM capacity increased 8.7%, while RPMs for the month grew 8.4%. Mexican domestic RPMs increased 2.4%, while international RPMs increased 18.4%. Consolidated load factor decreased by 0.3 percentage points year-over-year to 83.6%. During the month, Volaris transported 2.7 million passengers. Enrique Beltranena, Volaris’ President and CEO, said: “June reflected strong execution in an elevated fuel environment. We sustained transborder strength with capacity growth, while managing domestic capacity with discipline to preserve our core network and to continue serving our price-sensitive customers. We continue to see healthy demand in domestic and cross-border travel, reinforcing confidence in our network strategy." The information included in this report has not been audited and does not provide information on the Company’s future performance. Volaris’ future performance depends on several factors. It cannot be inferred that any period performance or its year-over-year comparison will indicate a similar performance in the future. Figures are rounded for convenience purposes. Glossary Revenue passenger miles (RPMs): Number of seats booked by passengers multiplied by the number of miles flown. Available seat miles (ASMs): Number of seats available for passengers multiplied by the number of miles flown. Load factor: RPMs divided by ASMs and expressed as a percentage. Passengers: The total number of passengers booked on all flight segments. Investor Relations ContactLiliana Juárez / [email protected] Media ContactRicardo Flores / [email protected] About Volaris*Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (“Volaris” or “the Company”) (NYSE: VLRS and BMV: VOLAR) is an ultra-low-cost carrier, with point-to-point operations, serving Mexico, the United States, Central, and South America. Volaris offers low base fares to build its market, providing quality service and extensive customer choice. Since the beginning of operations in March 2006, Volaris has increased its routes from 5 to more than 244 and its fleet from 4 to 155 aircraft. Volaris…Read full document

MEXICO CITY, July 07, 2026 (GLOBE NEWSWIRE) -- Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE: VLRS and BMV: VOLAR) (“Volaris” or “the Company”), the ultra-low-cost carrier (ULCC) serving Mexico, the United States, Central and South America, reports its June 2026 preliminary traffic results. In June, Volaris’ ASM capacity increased 8.7%, while RPMs for the month grew 8.4%. Mexican domestic RPMs increased 2.4%, while international RPMs increased 18.4%. Consolidated load factor decreased by 0.3 percentage points year-over-year to 83.6%. During the month, Volaris transported 2.7 million passengers. Enrique Beltranena, Volaris’ President and CEO, said: “June reflected strong execution in an elevated fuel environment. We sustained transborder strength with capacity growth, while managing domestic capacity with discipline to preserve our core network and to continue serving our price-sensitive customers. We continue to see healthy demand in domestic and cross-border travel, reinforcing confidence in our network strategy." The information included in this report has not been audited and does not provide information on the Company’s future performance. Volaris’ future performance depends on several factors. It cannot be inferred that any period performance or its year-over-year comparison will indicate a similar performance in the future. Figures are rounded for convenience purposes. Glossary Revenue passenger miles (RPMs): Number of seats booked by passengers multiplied by the number of miles flown. Available seat miles (ASMs): Number of seats available for passengers multiplied by the number of miles flown. Load factor: RPMs divided by ASMs and expressed as a percentage. Passengers: The total number of passengers booked on all flight segments. Investor Relations ContactLiliana Juárez / [email protected] Media ContactRicardo Flores / [email protected] About Volaris*Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (“Volaris” or “the Company”) (NYSE: VLRS and BMV: VOLAR) is an ultra-low-cost carrier, with point-to-point operations, serving Mexico, the United States, Central, and South America. Volaris offers low base fares to build its market, providing quality service and extensive customer choice. Since the beginning of operations in March 2006, Volaris has increased its routes from 5 to more than 244 and its fleet from 4 to 155 aircraft. Volaris offers around 600 daily flight segments on routes that connect 46 cities in Mexico and 29 cities in the United States, Central, and South America, with one of the youngest fleets in Mexico. Volaris targets passengers who are visiting friends and relatives, cost-conscious business and leisure travelers in Mexico, the United States, Central, and South America. For more information, please visit ir.volaris.com. Volaris routinely posts information that may be important to investors on its investor relations website. The Company encourages investors and potential investors to consult the Volaris website regularly for important information about Volaris.

Investor releaseQuarter not tagged2026-06-03

Volaris Reports May 2026 Traffic Results: Load Factor of 86%

GlobeNewswire
MEXICO CITY, June 03, 2026 (GLOBE NEWSWIRE) -- Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE: VLRS and BMV: VOLAR) (“Volaris” or “the Company”), the ultra-low-cost carrier (ULCC) serving Mexico, the United States, Central and South America, reports its May 2026 preliminary traffic results. In May, Volaris’ ASM capacity decreased by 0.4%, while RPMs for the month grew 4.9%. Mexican domestic RPMs declined by 1.4%, while international RPMs increased 15.9%. Consolidated load factor increased by 4.3 percentage points year-over-year to 86.2%. During the month, Volaris transported 2.7 million passengers. Enrique Beltranena, Volaris’ President and CEO, said: “May traffic results reflect our continued disciplined execution across the network. Our performance remains in line with the guidance and we remain focused on optimizing capacity deployment, enhancing revenue quality, and leveraging the flexibility of our business model. As we proactively aligned capacity with the current environment, demand trends remained healthy, supported by strong close-in bookings during the month, particularly in the cross-border market.” The information included in this report has not been audited and does not provide information on the Company’s future performance. Volaris’ future performance depends on several factors. It cannot be inferred that any period performance or its year-over-year comparison will indicate a similar performance in the future. Figures are rounded for convenience purposes. Glossary Revenue passenger miles (RPMs): Number of seats booked by passengers multiplied by the number of miles flown. Available seat miles (ASMs): Number of seats available for passengers multiplied by the number of miles flown. Load factor: RPMs divided by ASMs and expressed as a percentage. Passengers: The total number of passengers booked on all flight segments. VFR: Visiting friends and relatives. Investor Relations ContactLiliana Juárez / [email protected] Media ContactRicardo Flores / [email protected] About Volaris*Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (“Volaris” or “the Company”) (NYSE: VLRS and BMV: VOLAR) is an ultra-low-cost carrier, with point-to-point operations, serving Mexico, the United States, Central, and South America. Volaris offers low base fares to build its market, providing quality service and extensive customer choice. Since the beginning…Read full document

MEXICO CITY, June 03, 2026 (GLOBE NEWSWIRE) -- Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE: VLRS and BMV: VOLAR) (“Volaris” or “the Company”), the ultra-low-cost carrier (ULCC) serving Mexico, the United States, Central and South America, reports its May 2026 preliminary traffic results. In May, Volaris’ ASM capacity decreased by 0.4%, while RPMs for the month grew 4.9%. Mexican domestic RPMs declined by 1.4%, while international RPMs increased 15.9%. Consolidated load factor increased by 4.3 percentage points year-over-year to 86.2%. During the month, Volaris transported 2.7 million passengers. Enrique Beltranena, Volaris’ President and CEO, said: “May traffic results reflect our continued disciplined execution across the network. Our performance remains in line with the guidance and we remain focused on optimizing capacity deployment, enhancing revenue quality, and leveraging the flexibility of our business model. As we proactively aligned capacity with the current environment, demand trends remained healthy, supported by strong close-in bookings during the month, particularly in the cross-border market.” The information included in this report has not been audited and does not provide information on the Company’s future performance. Volaris’ future performance depends on several factors. It cannot be inferred that any period performance or its year-over-year comparison will indicate a similar performance in the future. Figures are rounded for convenience purposes. Glossary Revenue passenger miles (RPMs): Number of seats booked by passengers multiplied by the number of miles flown. Available seat miles (ASMs): Number of seats available for passengers multiplied by the number of miles flown. Load factor: RPMs divided by ASMs and expressed as a percentage. Passengers: The total number of passengers booked on all flight segments. VFR: Visiting friends and relatives. Investor Relations ContactLiliana Juárez / [email protected] Media ContactRicardo Flores / [email protected] About Volaris*Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (“Volaris” or “the Company”) (NYSE: VLRS and BMV: VOLAR) is an ultra-low-cost carrier, with point-to-point operations, serving Mexico, the United States, Central, and South America. Volaris offers low base fares to build its market, providing quality service and extensive customer choice. Since the beginning of operations in March 2006, Volaris has increased its routes from 5 to more than 244 and its fleet from 4 to 157 aircraft. Volaris offers around 500 daily flight segments on routes that connect 46 cities in Mexico and 29 cities in the United States, Central, and South America, with one of the youngest fleets in Mexico. Volaris targets passengers who are visiting friends and relatives, cost-conscious business and leisure travelers in Mexico, the United States, Central, and South America. For more information, please visit ir.volaris.com. Volaris routinely posts information that may be important to investors on its investor relations website. The Company encourages investors and potential investors to consult the Volaris website regularly for important information about Volaris.

Investor releaseQuarter not tagged2026-05-07

Volaris Reports April 2026 Traffic Results: Load Factor of 85%

GlobeNewswire
MEXICO CITY, May 06, 2026 (GLOBE NEWSWIRE) -- Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE: VLRS and BMV: VOLAR) (“Volaris” or “the Company”), the ultra-low-cost carrier (ULCC) serving Mexico, the United States, Central and South America, reports its April 2026 preliminary traffic results. In April, Volaris’ ASM capacity decreased by 1.9%, while RPMs for the month grew 1.6%. Mexican domestic RPMs declined by 2.7%, while international RPMs increased 8.9%. Consolidated load factor increased by 2.9 percentage points year-over-year to 84.6%. During the month, Volaris transported 2.7 million passengers. Enrique Beltranena, Volaris’ President and CEO, said: “In April, demand remained resilient across both domestic and international markets, supported by strong Semana Santa and Spring Break travel periods. Amid elevated global jet fuel prices and as discussed during our first-quarter earnings call, we implemented targeted capacity reductions during the month—mostly in the domestic market, while prioritizing the higher-yielding transborder segment. We continue to execute our long-term strategy, while remaining disciplined and flexible in our capacity deployment.” The information included in this report has not been audited and does not provide information on the Company’s future performance. Volaris’ future performance depends on several factors. It cannot be inferred that any period performance or its year-over-year comparison will indicate a similar performance in the future. Figures are rounded for convenience purposes. Glossary Revenue passenger miles (RPMs): Number of seats booked by passengers multiplied by the number of miles flown. Available seat miles (ASMs): Number of seats available for passengers multiplied by the number of miles flown. Load factor: RPMs divided by ASMs and expressed as a percentage. Passengers: The total number of passengers booked on all flight segments. VFR: Visiting friends and relatives. Investor Relations Contact Liliana Juárez / [email protected] Media Contact Ricardo Flores / [email protected] About Volaris *Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (“Volaris” or “the Company”) (NYSE: VLRS and BMV: VOLAR) is an ultra-low-cost carrier, with point-to-point operations, serving Mexico, the United States, Central, and South America. Volaris offers low base fares to build its market, providing quality service…Read full document

MEXICO CITY, May 06, 2026 (GLOBE NEWSWIRE) -- Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE: VLRS and BMV: VOLAR) (“Volaris” or “the Company”), the ultra-low-cost carrier (ULCC) serving Mexico, the United States, Central and South America, reports its April 2026 preliminary traffic results. In April, Volaris’ ASM capacity decreased by 1.9%, while RPMs for the month grew 1.6%. Mexican domestic RPMs declined by 2.7%, while international RPMs increased 8.9%. Consolidated load factor increased by 2.9 percentage points year-over-year to 84.6%. During the month, Volaris transported 2.7 million passengers. Enrique Beltranena, Volaris’ President and CEO, said: “In April, demand remained resilient across both domestic and international markets, supported by strong Semana Santa and Spring Break travel periods. Amid elevated global jet fuel prices and as discussed during our first-quarter earnings call, we implemented targeted capacity reductions during the month—mostly in the domestic market, while prioritizing the higher-yielding transborder segment. We continue to execute our long-term strategy, while remaining disciplined and flexible in our capacity deployment.” The information included in this report has not been audited and does not provide information on the Company’s future performance. Volaris’ future performance depends on several factors. It cannot be inferred that any period performance or its year-over-year comparison will indicate a similar performance in the future. Figures are rounded for convenience purposes. Glossary Revenue passenger miles (RPMs): Number of seats booked by passengers multiplied by the number of miles flown. Available seat miles (ASMs): Number of seats available for passengers multiplied by the number of miles flown. Load factor: RPMs divided by ASMs and expressed as a percentage. Passengers: The total number of passengers booked on all flight segments. VFR: Visiting friends and relatives. Investor Relations Contact Liliana Juárez / [email protected] Media Contact Ricardo Flores / [email protected] About Volaris *Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (“Volaris” or “the Company”) (NYSE: VLRS and BMV: VOLAR) is an ultra-low-cost carrier, with point-to-point operations, serving Mexico, the United States, Central, and South America. Volaris offers low base fares to build its market, providing quality service and extensive customer choice. Since the beginning of operations in March 2006, Volaris has increased its routes from 5 to more than 244 and its fleet from 4 to 157 aircraft. Volaris offers around 500 daily flight segments on routes that connect 46 cities in Mexico and 29 cities in the United States, Central, and South America, with one of the youngest fleets in Mexico. Volaris targets passengers who are visiting friends and relatives, cost-conscious business and leisure travelers in Mexico, the United States, Central, and South America. For more information, please visit ir.volaris.com. Volaris routinely posts information that may be important to investors on its investor relations website. The Company encourages investors and potential investors to consult the Volaris website regularly for important information about Volaris.

Investor releaseQuarter not tagged2026-04-29

Controladora Vuela Compania de Aviacion Q1 Earnings Call Highlights

MarketBeat
Volaris posted higher traffic and revenue (TRASM +11%, operating revenue +14% to $770M) but a Q1 net loss of $71M and an EBITDA margin about two percentage points below guidance due to steeply higher fuel costs. Management has accelerated pricing and ancillaries—about a 10% base fare increase and ancillaries now roughly 57% of total operating revenues—and expects to recapture ~20–30% of incremental fuel costs in Q2 with TRASM seen up ~22% YoY. Volaris cut capacity and trimmed full-year ASM guidance to ~4% from 7% (Q2 ASM 0–2%), is actively managing grounded aircraft amid Pratt & Whitney GTF repairs, and holds about $767M of liquidity while pursuing a smaller, more fuel‑efficient fleet to lower lease liabilities. Interested in Controladora Vuela Compania de Aviacion, S.A.B. de C.V.? Here are five stocks we like better. Airline Stocks Off the Beaten Path: 3 Key Picks for Investors Controladora Vuela Compania de Aviacion (NYSE:VLRS) executives told investors the company is entering 2026 focused on “disciplined growth,” revenue quality improvements, and active fleet management during peak Pratt & Whitney GTF engine repairs, while preserving its low-cost operating model. Management emphasized flexibility in both capacity and costs as fuel prices rose and geopolitical uncertainty increased late in the quarter. CEO Enrique Beltranena said Volaris delivered “a resilient performance supported by disciplined capacity deployment, improving yields and mix, and cost control,” despite “steeply higher fuel prices.” → Homebuilder Earnings: D.R. Horton Sticks Out as Pulte & NVR Sales Tank For the first quarter, Beltranena reported TRASM of $0.0862, up 11% year-over-year, supported by a 10% increase in base fare and improving revenue mix. He also said ancillary revenue represented 57% of total operating revenues. CFO Jaime Pous said total operating revenues rose 14% to $770 million, achieved with 2.3% ASM growth (below the company’s earlier 3% capacity growth expectation). He attributed some of the year-over-year revenue performance to a strengthened peso, which appreciated 14% and benefited the translation of domestic revenues into U.S. dollars, while also creating a headwind on peso-denominated costs. → Meta Platforms Earnings Preview: What to Watch in Q1 2026 Report On profitability, Beltranena said EBITDA margin was 22.9%, which came “two percentage points below” the comp…Read full document

Volaris posted higher traffic and revenue (TRASM +11%, operating revenue +14% to $770M) but a Q1 net loss of $71M and an EBITDA margin about two percentage points below guidance due to steeply higher fuel costs. Management has accelerated pricing and ancillaries—about a 10% base fare increase and ancillaries now roughly 57% of total operating revenues—and expects to recapture ~20–30% of incremental fuel costs in Q2 with TRASM seen up ~22% YoY. Volaris cut capacity and trimmed full-year ASM guidance to ~4% from 7% (Q2 ASM 0–2%), is actively managing grounded aircraft amid Pratt & Whitney GTF repairs, and holds about $767M of liquidity while pursuing a smaller, more fuel‑efficient fleet to lower lease liabilities. Interested in Controladora Vuela Compania de Aviacion, S.A.B. de C.V.? Here are five stocks we like better. Airline Stocks Off the Beaten Path: 3 Key Picks for Investors Controladora Vuela Compania de Aviacion (NYSE:VLRS) executives told investors the company is entering 2026 focused on “disciplined growth,” revenue quality improvements, and active fleet management during peak Pratt & Whitney GTF engine repairs, while preserving its low-cost operating model. Management emphasized flexibility in both capacity and costs as fuel prices rose and geopolitical uncertainty increased late in the quarter. CEO Enrique Beltranena said Volaris delivered “a resilient performance supported by disciplined capacity deployment, improving yields and mix, and cost control,” despite “steeply higher fuel prices.” → Homebuilder Earnings: D.R. Horton Sticks Out as Pulte & NVR Sales Tank For the first quarter, Beltranena reported TRASM of $0.0862, up 11% year-over-year, supported by a 10% increase in base fare and improving revenue mix. He also said ancillary revenue represented 57% of total operating revenues. CFO Jaime Pous said total operating revenues rose 14% to $770 million, achieved with 2.3% ASM growth (below the company’s earlier 3% capacity growth expectation). He attributed some of the year-over-year revenue performance to a strengthened peso, which appreciated 14% and benefited the translation of domestic revenues into U.S. dollars, while also creating a headwind on peso-denominated costs. → Meta Platforms Earnings Preview: What to Watch in Q1 2026 Report On profitability, Beltranena said EBITDA margin was 22.9%, which came “two percentage points below” the company’s first-quarter guidance due to fuel. Pous said average economic fuel costs rose 16% year-over-year to $3.06 per gallon, while realized Gulf Coast jet fuel averaged $2.56 per gallon versus the $2.20 assumption embedded in guidance. Pous reported EBITDAR of $177 million with a 22.9% margin, while EBIT was negative $21 million (a -2.8% margin). Net loss for the quarter was $71 million, or a loss per ADS of $0.62. → Palantir Is Down 30%: Noise? Or a Signal to Accumulate? Beltranena said the company has been “actively accelerating pricing actions,” producing about 10% fare improvement across the network and “about 20% increases in selected ancillary products.” He said Volaris expects TRASM to increase about 22% year-over-year in the second quarter. Beltranena added that the company expects to recapture, on average, approximately 20% to 30% of incremental fuel costs in the second quarter, noting that demand has remained resilient and that the airline is seeing a “faster than historical ability to recapture fuel through pricing, supported by a more disciplined industry environment.” During Q&A, Airline EVP Holger Blankenstein said demand remained strong in both domestic and international markets “despite a $4 fuel per gallon and price adjustments,” and that fuel recapture has been “a little bit better in the international market.” He also cited a “trade down effect” in transborder markets, with customers shifting from higher-fare carriers toward Volaris’ lower base fare and unbundled model. Blankenstein highlighted continued ancillary momentum, saying ancillary revenue per passenger rose 8% year-over-year and that ancillary revenue was 57% of total revenues. He cited customer segmentation, credit card revenue, and the Ya Vas vacation package business as drivers. Blankenstein also said the Altitude loyalty program has more than one million active members and remains on track to integrate with the co-branded credit card by the end of the quarter. Management described active capacity adjustments aimed at preserving cash and aligning flying with demand and fuel conditions. Beltranena said the company is prioritizing “profitable flying” and maintaining flexibility to adjust capacity, with actions “primarily focused on the domestic market as international markets continue to demonstrate stronger pricing absorption.” He said schedules are being managed through a rolling six- to eight-week planning horizon. For full-year 2026, Beltranena said Volaris now expects ASM growth of approximately 4%, reduced from prior guidance of around 7%. Blankenstein said the company has made tactical reductions mainly through frequency optimizations in off-peak periods without canceling routes. He said Volaris reduced schedules for April and May, implementing approximately two percentage points of reductions in April and nine percentage points in May, and that the airline is prepared to implement further reductions for June and the second half if needed. In response to an analyst question, Blankenstein provided a second-quarter split: domestic capacity down about 3% year-over-year and international capacity up mid- to high-single digits. Pous said Volaris is suspending its full-year 2026 guidance due to jet fuel price volatility and limited visibility tied to geopolitics, and will provide an update when conditions stabilize. However, he provided directional commentary on ASM growth (now ~4%) and said the company is implementing deferrals of non-critical investments to preserve cash. For the second quarter of 2026, Pous guided to: ASM growth of 0% to 2% year-over-year TRASM of around $0.095 CASM ex-fuel of approximately $0.068 EBITDA margin of around 13% Pous said the second quarter should represent the “peak” in CASM ex-fuel for the year, driven by non-recurring items and capacity reductions. He cited major fleet-related expenses, including major maintenance events on four aircraft and an increase in engine shop visits to 43 events in the second quarter compared to 15 last year, reflecting accelerated engine inductions into Pratt & Whitney shops to reduce aircraft-on-ground levels. Volaris ended the quarter with cash and liquidity around $767 million, which management said represented roughly 24% of the last twelve months’ revenues. Beltranena said cash was $766 million, “only $8 million below the prior quarter,” and net leverage was 3.2 times. Pous said the company has no material near-term debt maturities and has financed all predelivery payments for aircraft scheduled through mid-2028. On fleet and engines, Pous said the fleet totaled 155 aircraft as of March 31, with an average age of 6.8 years and 66% classified as fuel-efficient new models. The airline averaged 36 aircraft grounded during the quarter due to engine-related issues, reducing AOGs by nine aircraft, peaking at 41 and ending the quarter at 32. Beltranena and Pous both referenced fuel efficiency benefits from a higher proportion of neo aircraft. Beltranena said shifting 10 aircraft from ceo to neo generates roughly $2 million in monthly fuel savings at current fuel prices. In Q&A, Pous said the $2 million figure is based on current fuel prices, and added there is “no effect on rent” from the shift because the company is paying lease costs on the full fleet even with grounded aircraft. Beltranena also outlined a longer-term fleet strategy, saying contractual fleet size is expected to decline from 155 aircraft in December 2025 to roughly 137 by year-end 2027, while the productive revenue-generating fleet is expected to rise to about 125 aircraft from 112 at the end of 2025. He said this transition is expected to generate about $50 million in annual lease savings and reduce lease liabilities by roughly $360 million by 2027. Pous separately referenced liabilities expected to decrease by around $340 million in 2027 as the contractual fleet declines. Beltranena provided an update on the company’s proposed transaction with Viva, saying the regulatory process “continues to move forward as expected.” He said the company has filed with Mexico’s National Antitrust Commission, responded to and closed the first round of information requests, and recently received a second request of information. Beltranena said an extraordinary shareholders meeting on March 25 showed strong support, with 94% quorum and 92% approval of total outstanding shares. He said the company continues to expect the overall regulatory review process to take up to 12 months from the transaction announcement date. In response to analyst questions, Beltranena said there are no adjustment mechanisms in the transaction based on relative profitability. He also said the structure would allow both airlines to maintain independent operations while capturing scale benefits, though he emphasized approvals are still required. Controladora Vuela Compañia de Aviacion, SAB de CV (NYSE: VLRS) is a Mexico-based airline holding company whose primary business is the operation of low-cost scheduled air transportation services. Through its principal operating subsidiary, Volaris, the company provides passenger and cargo flights on domestic and international routes. Its business model emphasizes unbundled ancillary services and point-to-point operations designed to offer competitive fares across its network. Volaris serves more than 120 routes linking major metropolitan areas and secondary cities in Mexico, the United States and Central America. The article "Controladora Vuela Compania de Aviacion Q1 Earnings Call Highlights" was originally published by MarketBeat.

As of 2026-09-05 • Updated weeklySource: Earnings sourceIngestion runbook