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Stock impact report

Volaris Reports Financial Results for the First Quarter 2024: Net Income of USD $33 million [Yahoo! Finance]

RTX Corporation (RTX) 
Company Research Source: Yahoo! Finance
Company”), the ultra-low-cost carrier (ULCC) serving Mexico, the United States, Central, and South America, today announces its financial results for the first quarter 2024 First Quarter 2024 Highlights (All figures are reported in U.S. dollars and compared to 1Q 2023 unless otherwise noted) Net income of $33 million. Earnings per ADS of $0.29 cents. Total operating revenues of $768 million, a 5.1% increase. Total revenue per available seat mile (TRASM) increased 21% to $9.34 cents. Available seat miles (ASMs) decreased by 13% to 8.2 billion. Total operating expenses of $664 million, representing 86% of total operating revenue. Total operating expenses per available seat mile (CASM) remained relatively flat at $8.08 cents. Average economic fuel cost decreased 13% to $3.01 per gallon. CASM ex-fuel increased 11% to $5.16 cents. EBITDAR of $235 million, a 91% increase. EBITDAR margin was 30.6%, an increase of 14 percentage points. Total cash, cash equivalents, r Show less Read more
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