Reported Earlier, Volaris Reports February 2024 Traffic Results: ASM Capacity Declined 13.7% YoY, RPMs Down 10.9% And Load Factor 85.9%
Portfolio Pulse from Benzinga Newsdesk
Volaris reported a decrease in ASM capacity by 13.7% YoY in February 2024, attributed to Pratt & Whitney engine inspections causing aircraft groundings. RPMs fell by 10.9%, while the load factor increased to 85.9%. Passenger numbers dropped by 15.2% to 2.1 million. Domestic RPMs in Mexico decreased by 21.5%, but international RPMs rose by 13.2%.
March 07, 2024 | 6:46 am
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NEGATIVE IMPACT
Volaris experienced a significant decrease in ASM capacity and RPMs in February 2024, with a notable drop in passenger numbers, although there was an increase in international RPMs.
The decrease in ASM capacity and RPMs, along with a significant drop in passenger numbers, indicates operational challenges that could negatively impact Volaris' financial performance in the short term. The increase in international RPMs provides a slight positive aspect, but the overall impact is likely negative due to the scale of the operational downturn.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100