In addition, earnings before financial income, taxes, depreciation, amortization and rents (EBITDAR) was 212 million dollars, 98% more than in the same period last year.
“The company’s second-quarter results are in line with our full-year expectations, driven by lower fuel costs and a stronger Mexican peso,” said Enrique Beltranena, Volaris president and CEO, quoted in the company’s financial report. “We will continue to focus on achieving total operating income between $3.2 and $3.4 billion and an EBITDAR margin of 29% to 31%.”
The airline also closed the period with 10 more aircraft in its fleet of A320neo and A321neo models, and removed three A319ceo teams from operations. In the passenger category, the company registered 12.2% more reservations and reached more than 8.3 million users, which grew more strongly in the international segment, which rebounded 34%.
With an eye on the United States
After the issuance of its financial report, Volaris reported that it plans to modify its offer to the United States as soon as the US aviation authorities return Mexico its rating of Category 1 in aviation security.
The airline is ready to redeploy about 5% of its capacity from the Mexican market to the United States in the fourth quarter if the country’s expected rating upgrade occurs, Beltranena said on a call with analysts to discuss second-quarter results.
The US Federal Aviation Administration (FAA) downgraded Mexico’s aviation safety rating in May 2021, preventing national airlines from adding new flights to and from the neighboring nation.
“For the second half of the year, the seasonally strongest semester, we expect several favorable conditions for our revenues, including solid reservations, stable international rates, the return of Category 1, strong growth in Central America, a stronger national network, and increased revenues from additional services,” the manager explained in the financial report.