Featured Company News – Volaris Reports June 2017 Results and YTD June Traffic Results; Observes Load Factor of 88.9% and net Available Seat Miles Growth of 7.8%
LONDON, UK / ACCESSWIRE / July 12, 2017 / Pro-Trader Daily takes a look at the latest corporate events and news making the headlines for Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE: VLRS) ("Volaris"), following which we have published a free report that can be viewed by signing up at http://protraderdaily.com/optin/?symbol=VLRS. The Company announced on July 10, 2017, its June 2017 and year-to-date preliminary traffic results. Volaris, as the Company is all known, is an ultra-low-cost airline serving Mexico, the United States, and Central America. The Company reported net Available Seat Miles (ASMs) increased by 7.8% YOY in June 2017, while the Revenue Passenger Miles (RPMs) advanced by 8.0% YOY in June 2017. For immediate access to our complimentary reports, including today's coverage, register for free now at:
http://protraderdaily.com/register/
At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on VLRS. Go directly to your stock of interest and access today's free coverage at:
http://protraderdaily.com/optin/?symbol=VLRS
Revenue Passenger Miles
For the month of June 2017, Volaris reported 895 million RPMs in the domestic segment, which was 6.3% greater than the 842 million RPMs in June 2016. Under international operations, the Company observed an 11.8% surge YOY from 373 million RPMs in June 2016, to 416 million RPMs in June 2017.
The Company additionally reported its YTD results for the six-month period ended June 2017, where it reported net RPMs of 5.31 billion under domestic operations, which was 12.1% higher than the performance for YTD June 2016. Under the international operations, Volaris observed a 22.4% advance in the net RPMs for YTD June 2017, i.e., from 1.996 billion RPMs for YTD June 2016 to 2.443 billion RPMs for YTD June 2017.
Net Available Seat Miles
Volaris reported net ASMs in June 2017 of 988 million, which was 3.5% higher than the ASMs for June 2016. In the International segment, net ASMs advanced by 17.7% from 411 million ASMs for June 2016 to 484 million ASMs for June 2017. The Company reported an increase of 10.6% in net ASMs for the domestic segment from 5.55 billion for YTD June 2016 to 6.14 billion for YTD June 2017. Also, in the International segment, the Company observed net ASMs surge by 31.2% from 2.32 billion ASMs for YTD June 2016 to 3.05 billion ASMs for YTD June 2017.
Load Factor
In the month of June 2017, Volaris reported a load factor of 90.6% in the domestic segment, which was 2.3% higher than the Load Factor for June 2016. Under the international segment, net load factor dipped by 4.7% to 85.8% for June 2017. Under the YTD June 2017 results, Volaris observed net load factor advance by 1.1% to 86.5% for YTD June 2017 in the domestic segment. On the other hand, in the international segment, the net load factor tumbled by 5.7% for YTD June 2017.
Passengers Travelled
Volaris observed an increase in the number of passengers by 2.1% in June 2017, YOY, from about 1.02 million passengers in June 2016 to 1.04 million passengers in June 2017. In the International segment, the Company reported a 9.9% advance from 259 thousand passengers for June 2016 to 285 thousand passengers for June 2017. For the six month period ended June 2017, Volaris observed a massive 11.5% surge in a number of passengers from 5.68 million passengers for YTD June 2016 to 6.34 million passengers for YTD June 2017. Under international operations, Volaris observed net passengers traveled advance by 21.8% from 1.39 million passengers for YTD June 2016 to 1.69 million for YTD June 2016.
Last Close Stock Review
On Tuesday, July 11, 2017, the stock closed the trading session at $15.47, dropping 1.09% from its previous closing price of $15.64. A total volume of 359.56 thousand shares has exchanged hands. Volaris' stock price rallied 11.21% in the last one month, 8.03% in the past three months, and 8.94% in the previous six months. Furthermore, since the start of the year, shares of the Company have gained 2.86%. The stock is trading at a PE ratio of 18.39 and currently, has a market cap of $1.35 billion.
Pro-Trader Daily:
Pro-Trader Daily (Pro-TD) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. PRO-TD has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles, and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.
PRO-TD has not been compensated; directly or indirectly; for producing or publishing this document.
PRESS RELEASE PROCEDURES:
The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third-party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email contact@protraderdaily.com. Rohit Tuli, a CFA® charter holder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by PRO-TD. PRO-TD is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.
NO WARRANTY
PRO-TD, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. PRO-TD, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, PRO-TD, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
NOT AN OFFERING
This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither PRO-TD nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://protraderdaily.com/disclaimer/.
CONTACT
For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:
Email: contact@protraderdaily.com
Phone number: (917) 341.4653
Office Address: Mainzer Landstrasse 50 Frankfurt am Main, Germany 60325
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE: Pro-Trader Daily
