Volaris ‘faced a challenging year’ in 2017: Enrique Beltranena

    Volaris CEO Enrique Beltranena commenting (21-Feb-2018) on 4Q2017 and FY2017 results, stated: “During 2017, Volaris faced a challenging year with factors ranging from the macroeconomic environment to softer demand environment… We are absolutely committed to continue driving unit costs down which enables us to offer the most competitive fares in the market”. The airline reported the following financial highlights for the 12 months ended 31-Dec-2017:

    • Operating revenue: MXN24,845 million (USD1317 million), +5.7%;
      • Passenger: MXN17,791 million (USD943.1 million), stable;
      • Non ticket: MXN7054 million (USD373.9 million), +23.3%;
    • Operating costs: MXN24,827 million (USD1316 million), +19.5%;
      • Fuel: MXN7256 million (USD384.6 million), +26.4%;
      • Aircraft and engine lease: MXN6073 million (USD321.9 million), +8.6%;
    • Operating profit: MXN19 million (USD1.0 million), -99.3%;
    • Net profit (loss): (MXN595 million) (USD31.5 million), compared to a profit of MXN3519 million in p-c-p;
    • Passenger: 16.4 million, +9.5%;
    • Passenger load factor: 84.4%, -1.4ppt;
    • Average fare: MXN1086 (USD57.6), -8.6%;
    • Operating revenue per ASM: MXN 131.7 cents (USD 7.0 cents), -6.4%;
    • Passenger revenue per ASM: MXN 94.3 cents (USD 5.0 cents), -11.4%;
    • Passenger yield: MXN 111.8 cents (USD 5.9 cents), -10.0%;
    • Operating cost per ASM: MXN 131.6 cents (USD 7.0 cents), +5.8%;
    • Cost per ASM excl fuel: MXN 93.2 cents (USD 4.9 cents), +3.5%;
    • Total assets: MXN22,666 million (USD1202 million);
    • Cash and cash equivalents: MXN6951 million (USD368.5 million);
    • Total liabilities: MXN12,503 million (USD662.8 million). [more – original PR]

    *Based on the average conversion rate at MX1 = USD0.053011 for CY2017