MEXICO CITY--(BUSINESS WIRE)--
Volaris (VLRS) and (BMV:VOLAR), the ultra low-cost Mexican airline that operates in Mexico, the United States and Central America celebrates 2016 as a year of business achievements and important milestones. With the inauguration of new routes to Chicago, IL, Portland, OR, San Francisco, CA, Dallas, TX, Houston, TX and New York, NY - Volaris continues its growth into key U.S. markets.
“2016 was a very important business and financial year with exceptional growth for Volaris. We increased our passenger traffic by 21.9% year over year in the Fourth Quarter of 2016. This increased our load factor by 3.5%. Our revenues for the year totaled $1.14 billion USD. This solid business performance is a testament to our business model of being a low-cost airline, offering convenient travel times to friends, families and leisure travelers and to key destinations,” said Enrique Beltranena, CEO of Volaris.
With more than 68 destinations in Mexico, the United States, Guatemala, El Salvador, Costa Rica and Puerto Rico, Volaris by all accounts is recognized as Mexico’s #1 ultra low-cost airline. Volaris has been in business for just over 10 years and has experienced exceptional growth by disrupting the traditional airline industry in Mexico and significantly achieving new demand and growth. Volaris now offers a faster, more efficient and safer travel option to many markets as compared to ground transportation – i.e. by bus. Volaris continues to focus on the travel needs of its customers and their travel experience.
"Our customers are vitally important to the success of Volaris,” said Holger Blankenstein, Chief Commercial Officer of Volaris. “We understand that our passengers care most about low fares. At Volaris, we have a razor sharp focus on offering low fares with a good customer experience and direct flights between cities in the U.S. and Mexico. With this winning strategy we achieved important milestones in 2016 – such as our 10th anniversary celebration and the flight of our 65th million passenger – this includes considerable company growth and expansion. We are also recognized as one of the safest airlines with the newest fleet of aircraft in the industry. We work hard every day to deliver low fares and connect friends and families between both countries.”
Highlights from Fourth Quarter and Full Year 2016:
- Volaris is now positioned among the top-5 low cost airlines in the world with a cost per available seat mile (CASM) of ¢4.4 (USD)
- Volaris is one of the fastest growing airlines in the world, and has added 18 new routes in 2016
- Average fare in 2016 was $58 (USD) and non-ticket revenue for 2016 was $277 million (USD)
For more information on Volaris’ financials please view the Investor Relations Press Release for 2016 Results: http://bit.ly/2lrr1M8
Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE: VLRS and BMV: VOLAR) is an ultra-low cost airline providing point to point services and operating between Mexico, US, and Central America. The ultra-low cost highly efficient business model offered by Volaris provides low base fares to develop its market, coupled with outstanding levels of quality services and a wide array of products. Since beginning their operations in March 2006, Volaris has increased its routes from an initial 5 to a current 166 and its fleet from 4 to 69 aircraft. Volaris currently operates over 300 daily flight segments on routes connecting 40 cities in Mexico and 28 cities internationally. Volaris targets passengers visiting friends and family, price sensitive business travelers, and leisure travelers in Mexico and to select destinations. Proudly Mexican, Volaris is regarded as one of the new leading companies in the country. Among other recognitions, Volaris has received the prestigious ESR Award for Social Corporate Responsibility for seven consecutive years. For more information, please visit: www.volaris.com