Volaris Updates 2024 Guidance, Anticipates ASM Growth (YoY) Of About -14% And An EBITDAR Margin Of 32%-34%
Portfolio Pulse from Benzinga Newsdesk
Volaris has updated its 2024 guidance, anticipating a YoY ASM growth of about -14% and an EBITDAR margin of 32%-34%. The CAPEX remains at $400 million, while the average USD/MXN rate is adjusted to Ps.17.80 to 18.00.
July 23, 2024 | 6:00 am
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Volaris has updated its 2024 guidance, expecting a YoY ASM growth of about -14%, an EBITDAR margin of 32%-34%, and a CAPEX of $400 million. The average USD/MXN rate is adjusted to Ps.17.80 to 18.00.
The updated guidance shows a slight improvement in ASM growth expectations compared to prior guidance, but the EBITDAR margin and CAPEX remain unchanged. The adjustment in the average USD/MXN rate reflects currency fluctuations. Overall, the impact on the stock price is likely neutral in the short term as the changes are not significant enough to drive a strong market reaction.
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