Volaris Reports Financial Results for the Fourth Quarter 2023: Net Income of USD $112 million
Controladora Vuela Compania de Aviacion, S.A.B. de C.V. American Depositary Shares, each representing ten (10) Ordinary Participation Certificates (VLRS)
Last controladora vuela compania de aviacion, s.a.b. de c.v. american depositary shares, each representing ten (10) ordinary participation certificates earnings: 4/23 07:15 pm
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US:NYSE Investor Relations:
ir.volaris.com/english/home/default.aspx
Company Research
Source: GlobeNewswire
MEXICO CITY, Feb. 26, 2024 (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, today announces its financial results for the fourth quarter and full year 20231. Fourth Quarter 2023 Highlights(All figures are reported in U.S. dollars and compared to 4Q 2022 unless otherwise noted) Net income of $112 million. Earnings per share of $0.10 and earnings per ADS of $0.97 cents.Total operating revenues of $899 million, a 10% increase.Total revenue per available seat mile (TRASM) increased 11% to $9.56 cents.Available seat miles (ASMs) decreased 1.1% to 9.4 billion.Total operating expenses of $735 million, representing 82% of total operating revenue.Total operating expenses per available seat mile (CASM) decreased 2.3% to $7.81 cents.Average economic fuel cost decreased 16% to $3.13 per gallon.CASM
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News
- Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE: VLRS) had its price target raised by analysts at Barclays PLC from $9.00 to $12.00. They now have an "overweight" rating on the stock.MarketBeat
- Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE: VLRS) had its price target raised by analysts at Deutsche Bank Aktiengesellschaft from $11.00 to $12.00. They now have a "buy" rating on the stock.MarketBeat
- Volaris Reports Financial Results for the First Quarter 2024: Net Income of USD $33 millionGlobeNewswire
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VLRS
Earnings
- 4/22/24 - Beat
VLRS
Sec Filings
- 4/26/24 - Form 144
- 4/23/24 - Form 6-K
- 4/23/24 - Form 6-K
- VLRS's page on the SEC website