The company attributed this increase to higher capacity, healthy load factors and higher unit revenue per passenger, although it also saw a slowdown in demand in the second half of the quarter due to an increase in COVID-19 cases in Mexico and the United States. .
“We demonstrate, once again, Volaris’ agility and ability to adapt to a challenging demand environment, redistributing capacity to the appropriate markets by stimulating demand,” said Enrique Beltranena, Volaris CEO and CEO. , in the report. “Our ultra-low-cost business model has proven to be resilient in tough times and continues to have significant room for growth.”
Between July and September, the airline added two new A320neo aircraft to its fleet, which at the end of the period numbered 94 teams. The company expects to end the year with 101 aircraft and in 2022 with 113 aircraft, in line with its forecasts from previous quarters.
The airline expects to continue with a “disciplined growth” strategy for the remainder of the year and 2022 due to the effects of the pandemic.
“With respect to 2019, we expect to grow capacity between 26% and 29% for the fourth quarter. In addition, we expect an EBITDA margin between 31% and 34% for the fourth quarter, “he said in the document.
The company also expects a balance of cash and cash equivalents for 2021 as a percentage of total operating income for the last twelve months of approximately 30%, with a level of net debt over operating flow for the entire year below three times.
“These prospects assume no pandemic-related disruptions or other material disruptions to Volaris’ business, and an average economic cost of fuel between $ 2.45 and $ 2.70 per gallon.”