Volaris airline yesterday reported fairly positive financial results for its second-quarter performance in 2019. The company declared its total operating revenue for the period to be Ps. 8,329 million. The earnings have shown an increase of 33.7% year over year.
Volaris is an extremely low-cost airline that currently operates services in Mexico, the US, and Central America. The company’s ancillary revenues also witnessed a rise of 38.9% year over year, reaching Ps. 2,909 million during the second quarter of this year. Even the total ancillary revenue earned per passenger was quite commendable, denoting nearly 34.9% of the airline’s total operating revenue.
Meanwhile, the airline’s operating expenses per available seat mile (CASM) also took a downward trend, dropping by 1.2% year over year at Ps. 124.9 cents during the second quarter.
In terms of the foreign exchange rate too, Volaris’ current market value against the US dollar gained 1.1% by the end of the second quarter to stand at Ps. 19.38 per US dollar. Besides that, the company’s net cash flows coming in through operating activities as well as investing activities were reported at Ps. 1,527 million and Ps. 171 million, respectively.
Further reporting its year over year growth in terms of passenger bookings, Volaris announced an increase of 25.9%. The airline managed to earn nearly 5.7 million passenger bookings in the second quarter of this year. In addition, traffic measured in terms of revenue passenger miles (RPMs) also displayed growth of 23.8% year over year.
The airline also announced that it had started services in 5 new domestic routes from Chihuahua, Durango, and Queretaro, and four new international routes from Chicago, Dallas, and Phoenix. Furthermore, in the second quarter of 2019, Volaris included two new aircraft (A320 neo) to its existing fleet.
The company reported that its fleet comprised 78 aircraft, having an average age of 4.8 years, as on June 30, 2019. Of the fleet of 78 aircraft, eight have been reported to be A319s, 55 are A320s, and 15 are A321s.