Volaris A319-133 (c/n 2771) XA-VOA "Andrea" rotates from Rwy 25R at Las Vegas McCarran International Airport (LAS/KLAS) on December 14, 2012.
(Photo by Michael Carter)
Mexican ultra low-cost carrier (ULCC) Volaris posted a first-quarter net loss of MXP370 million ($28.3 million), widened from a MXP65 million net loss in the year-ago period.
“Market conditions were very difficult,” Volaris CEO Enrique Beltranena said in a statement, citing sluggish Mexican economic growth, weak demand and exchange rate volatility. “While I am disappointed in the quarter’s financial results, we responded well to the challenges,” he said. “We managed capacity and pricing in a responsible way, reaffirmed our cost control discipline and grew non-ticket revenues.”
Total operating revenue was MXP2.78 billion, down 9.3% from MXP3.06 billion in the 2013 first-quarter. Operating expenses were MXP3.26 billion, up 7.9% from MXP3.02 billion in the year-ago quarter.
Volaris’ first-quarter traffic grew 10.7% year-over-year to 2.2 billion RPMs on a 10.8% capacity rise to 2.7 billion ASMs, resulting in a passenger load factor of 80.7%, down 0.1 point from the 2013 first quarter. The carrier booked 2,161,000 passengers for the first quarter, up 10.2% from the 1,961,000 passengers carried in the year-ago quarter. Yield dropped 21% to 7.8 cents. CASM ex-fuel fell 2.3% to 5.5 cents.
(Mark Nensel - ATWOnline News)
No comments:
Post a Comment