Volaris Reports September 2023 Traffic Results: 3% YoY Demand Growth With An 84% Load Factor; Updating Full-Year 2023 Guidance; Lowers FY23 Revenue Guidance From $3.2B-$3.4B To ~$3.2Bs Vs $3.28B Est.
Portfolio Pulse from Benzinga Newsdesk
Volaris (NYSE: VLRS) has reported its September 2023 preliminary traffic results, showing a 3.1% YoY demand growth and an 84% load factor. The company has also updated its full-year 2023 guidance, raising its revenue guidance from ~$3.2B to $3.2B-$3.4B. The update comes in light of aircraft groundings and higher expected jet fuel prices. The company's CEO mentioned that the growth rate might slow down due to the accelerated inspections of GTF engines requested by RTX Corporation.
October 10, 2023 | 1:40 pm
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Volaris has reported a 3.1% YoY demand growth and updated its FY23 revenue guidance to $3.2B-$3.4B. However, the company's growth rate might slow down due to the accelerated inspections of GTF engines requested by RTX Corporation.
The news is directly related to Volaris and its operations. The updated revenue guidance is a positive sign, indicating that the company is expecting higher revenues. However, the mention of potential slowdown in growth rate due to engine inspections introduces uncertainty, which might impact the stock price in the short term.
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