Mexico · Delayed Price · Currency is MXN Controladora Vuela Compañía de Aviación Earnings Call Transcripts
Fiscal Year 2025
-
Q4 2025 saw 5.6% capacity growth, strong ancillary revenue, and a 37.2% EBITDA margin, despite engine-related disruptions. 2026 guidance targets 7% ASM growth, improved leverage, and continued international expansion, with merger plans underway with Viva.
-
A new airline group will be formed through a merger of equals, with both carriers retaining their brands and leadership while leveraging significant synergies in cost, scale, and network. The deal targets sustainable growth, improved financial stability, and expanded connectivity, pending regulatory and shareholder approvals.
-
Q3 2025 saw disciplined execution, with revenues of $784M and EBITDA margin of 33.6%. Ancillary revenues remained strong, and demand recovery, especially in cross-border markets, is driving improved outlook. Guidance for 2025 and 2026 remains positive, with prudent capacity and cost control.
-
Q2 2025 results exceeded guidance with a 28% EBITDA margin, strong ancillary revenue, and disciplined cost control. Full-year ASM growth is now expected at 7%, with EBITDA margin guidance reinstated at 32%-33%. Engine groundings and macro uncertainty persist, but demand and liquidity remain robust.
-
Q1 2025 results met guidance despite revenue and TRASM declines from peso depreciation and demand softness. Capacity growth was cut to 8%-9% for 2025, with strong liquidity and cost control supporting resilience. Ancillary revenue remained robust, and new partnerships and digital initiatives are underway.
Fiscal Year 2024
-
Delivered strong 2024 results with $126M net income and 36% EBITDA margin despite engine groundings and capacity cuts. 2025 guidance includes 13% ASM growth, 34-36% EBITDA margin, and continued focus on cost control and digital innovation.
-
Delivered strong Q3 results with net income, record EBITDAR, and improved margins despite capacity cuts and engine inspections. Raised full-year EBITDA margin guidance to 36% and expects capacity to return to 2023 levels by H2 2025.
-
Q2 2024 saw record EBITDA despite 17% lower capacity from engine groundings, with strong cost control and robust demand in both domestic and U.S. markets. Guidance improved for 2024, with gradual capacity restoration expected and continued focus on profitability and liquidity.