Reported Earlier, Volaris Reports March 2024 Traffic Results: ASM Capacity Declined 15.8% YoY, RPMs Down 14.5% And Load Factor 86.8%
Portfolio Pulse from Benzinga Newsdesk
Volaris reported a decrease in ASM capacity by 15.8% YoY in March 2024, attributed to Pratt & Whitney engine inspections causing aircraft groundings. Despite this, the load factor increased to 86.8% due to a lesser decline in RPMs. Domestic RPMs in Mexico fell by 24.2%, whereas international RPMs rose by 7.1%. The airline transported 2.3 million passengers.
April 04, 2024 | 6:53 am
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NEUTRAL IMPACT
Volaris experienced a significant decrease in ASM capacity by 15.8% due to Pratt & Whitney engine inspections, but saw an increase in load factor to 86.8%.
The decrease in ASM capacity is a negative factor as it indicates reduced operational capacity. However, the increase in load factor mitigates this impact somewhat, suggesting efficient utilization of available capacity. The mixed results make the short-term impact neutral, as investors may weigh the operational challenges against the efficient capacity utilization.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 90