Volaris Reports Q4 and Full Year 2024 Financial Results
Mexico City, Mexico – Volaris, a leading ultra-low-cost carrier (ULCC) operating in Mexico, the United States, Central America, and South America, has announced its unaudited financial results for the fourth quarter and full year of 2024. The Company, whose shares are traded on the New York Stock Exchange (NYSE) under the ticker symbol “VLRS” and on the Bolsa de Valores de México (BMV) under the ticker symbol “VOLAR,” reported significant growth in key financial metrics.
Fourth Quarter 2024 Highlights
During the fourth quarter, Volaris achieved the following results:
- Total revenue increased by 21.4% year-over-year, reaching MXN 10.6 billion (approximately USD 538 million).
- Passenger traffic grew by 18.6%, with 5.8 million passengers carried during the quarter.
- Available seat miles (ASMs) increased by 20.2%, and load factor stood at 81.3%.
- Operating income reached MXN 1.1 billion (approximately USD 56 million), representing a 10.5% margin.
Full Year 2024 Highlights
Throughout the year, Volaris reported the following achievements:
- Total revenue amounted to MXN 37.3 billion (approximately USD 1.9 billion), marking a 19.2% year-over-year increase.
- Passenger traffic grew by 16.5%, with 17.3 million passengers carried throughout the year.
- ASMs expanded by 17.9%, and load factor was 81.1%.
- Operating income reached MXN 2.4 billion (approximately USD 120 million), representing a 6.4% margin.
Impact on Consumers
The strong financial performance of Volaris in 2024 is expected to result in continued low fares and increased route offerings for consumers. The ULCC’s expansion in the Americas will lead to more competition in the airline market, potentially driving down prices and making air travel more accessible to a larger audience.
Impact on the World
Volaris’s success in 2024 is a positive sign for the global airline industry, which has been significantly affected by the COVID-19 pandemic. The ULCC’s growth indicates a robust rebound in air travel demand and the industry’s ability to adapt to the new normal. Furthermore, Volaris’s expansion in Central and South America will strengthen economic ties between the regions and promote tourism, contributing to the overall growth and development of these countries.
Conclusion
Volaris’s financial results for the fourth quarter and full year of 2024 demonstrate the ULCC’s strong position in the Americas airline market. The Company’s continued growth, coupled with its commitment to offering affordable fares, will benefit consumers and contribute to the revitalization of the airline industry. As Volaris expands its presence in Central and South America, it will foster economic growth and promote tourism in the region. Overall, these developments are a positive sign for the future of air travel and the global economy.
Additional Information
For more information about Volaris and its financial performance, please visit the Company’s Investor Relations website at
