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Business Upturn
2 days ago
- Business
- Business Upturn
Volaris Reports May 2025 Traffic Results: Load Factor of 82%
By GlobeNewswire Published on June 5, 2025, 03:45 IST MEXICO CITY, June 04, 2025 (GLOBE NEWSWIRE) — Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE: VLRS and BMV: VOLAR) ('Volaris' or 'the Company'), the ultra-low-cost carrier (ULCC) serving Mexico, the United States, Central and South America, reports its May 2025 preliminary traffic results. In May, Volaris' ASM capacity increased by 9.0% year-over-year, while RPMs for the month grew by 3.5%. Mexican domestic RPMs increased 5.7%, while international RPMs were effectively flat. As a result, the load factor decreased by 4.3 percentage points year-over-year to 81.8%. During the month, Volaris transported 2.5 million passengers. Enrique Beltranena, Volaris' President and CEO, said: 'May's capacity growth aligns with the adjustments outlined during our earnings call, allowing us to better match customer demand. Tactically, our commercial team has focused its efforts to maximize unit revenue performance by prioritizing close-in fares over load factors. As we move through the second quarter, we remain aligned with our guidance for the quarter and are seeing encouraging booking trends heading into the summer high season.' May 2025 May 2024 Variance YTD May 2025 YTD May 2024 Variance RPMs (million, scheduled & charter) Domestic 1,553 1,469 5.7% 7,685 7,211 6.6% International 889 890 -0.2% 4,747 4,538 4.6% Total 2,442 2,360 3.5% 12,432 11,749 5.8% ASMs (million, scheduled & charter) Domestic 1,795 1,626 10.4% 8,739 7,962 9.8% International 1,190 1,114 6.8% 6,079 5,642 7.7% Total 2,985 2,739 9.0% 14,818 13,604 8.9% Load Factor (%, RPMs/ASMs) Domestic 86.5% 90.4% (3.8) pp 87.9% 90.6% (2.6) pp International 74.7% 79.9% (5.2) pp 78.1% 80.4% (2.3) pp Total 81.8% 86.1% (4.3) pp 83.9% 86.4% (2.5) pp Passengers (thousand, scheduled & charter) Domestic 1,894 1,797 5.4% 9,269 8,498 9.1% International 608 603 0.8% 3,267 3,104 5.2% Total 2,502 2,400 4.2% 12,536 11,602 8.0% The information included in this report has not been audited and does not provide information on the Company's future performance. Volaris' future performance depends on several factors. It cannot be inferred that any period's performance or its comparison year-over-year will indicate a similar performance in the future. Figures are rounded for convenience purposes. Glossary Revenue passenger miles (RPMs): Number of seats booked by passengers multiplied by the number of miles flown. Available seat miles (ASMs): Number of seats available for passengers multiplied by the number of miles flown. Load factor: RPMs divided by ASMs and expressed as a percentage. Passengers: The total number of passengers booked on all flight segments. Investor Relations Contact Ricardo Martínez / [email protected] Media Contact Israel Álvarez / [email protected] About Volaris *Controladora Vuela Compañía de Aviación, S.A.B. de C.V. ('Volaris' or 'the Company') (NYSE: VLRS and BMV: VOLAR) is an ultra-low-cost carrier, with point-to-point operations, serving Mexico, the United States, Central, and South America. Volaris offers low base fares to build its market, providing quality service and extensive customer choice. Since the beginning of operations in March 2006, Volaris has increased its routes from 5 to more than 229 and its fleet from 4 to 147 aircraft. Volaris offers around 500 daily flight segments on routes that connect 44 cities in Mexico and 29 cities in the United States, Central, and South America, with one of the youngest fleets in Mexico. Volaris targets passengers who are visiting friends and relatives, cost-conscious business and leisure travelers in Mexico, the United States, Central, and South America. For more information, please visit Volaris routinely posts information that may be important to investors on its investor relations website. The Company encourages investors and potential investors to consult the Volaris website regularly for important information about Volaris. Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. GlobeNewswire provides press release distribution services globally, with substantial operations in North America and Europe.
Yahoo
2 days ago
- Business
- Yahoo
Volaris Reports May 2025 Traffic Results: Load Factor of 82%
MEXICO CITY, June 04, 2025 (GLOBE NEWSWIRE) -- Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE: VLRS and BMV: VOLAR) ('Volaris' or 'the Company'), the ultra-low-cost carrier (ULCC) serving Mexico, the United States, Central and South America, reports its May 2025 preliminary traffic results. In May, Volaris' ASM capacity increased by 9.0% year-over-year, while RPMs for the month grew by 3.5%. Mexican domestic RPMs increased 5.7%, while international RPMs were effectively flat. As a result, the load factor decreased by 4.3 percentage points year-over-year to 81.8%. During the month, Volaris transported 2.5 million passengers. Enrique Beltranena, Volaris' President and CEO, said: 'May's capacity growth aligns with the adjustments outlined during our earnings call, allowing us to better match customer demand. Tactically, our commercial team has focused its efforts to maximize unit revenue performance by prioritizing close-in fares over load factors. As we move through the second quarter, we remain aligned with our guidance for the quarter and are seeing encouraging booking trends heading into the summer high season." May 2025 May 2024 Variance YTD May 2025 YTD May 2024 Variance RPMs (million, scheduled & charter) Domestic 1,553 1,469 5.7% 7,685 7,211 6.6% International 889 890 -0.2% 4,747 4,538 4.6% Total 2,442 2,360 3.5% 12,432 11,749 5.8% ASMs (million, scheduled & charter) Domestic 1,795 1,626 10.4% 8,739 7,962 9.8% International 1,190 1,114 6.8% 6,079 5,642 7.7% Total 2,985 2,739 9.0% 14,818 13,604 8.9% Load Factor (%, RPMs/ASMs) Domestic 86.5% 90.4% (3.8) pp 87.9% 90.6% (2.6) pp International 74.7% 79.9% (5.2) pp 78.1% 80.4% (2.3) pp Total 81.8% 86.1% (4.3) pp 83.9% 86.4% (2.5) pp Passengers (thousand, scheduled & charter) Domestic 1,894 1,797 5.4% 9,269 8,498 9.1% International 608 603 0.8% 3,267 3,104 5.2% Total 2,502 2,400 4.2% 12,536 11,602 8.0% The information included in this report has not been audited and does not provide information on the Company's future performance. Volaris' future performance depends on several factors. It cannot be inferred that any period's performance or its comparison year-over-year will indicate a similar performance in the future. Figures are rounded for convenience purposes. Glossary Revenue passenger miles (RPMs): Number of seats booked by passengers multiplied by the number of miles flown. Available seat miles (ASMs): Number of seats available for passengers multiplied by the number of miles flown. Load factor: RPMs divided by ASMs and expressed as a percentage. Passengers: The total number of passengers booked on all flight segments. Investor Relations ContactRicardo Martínez / ir@ Media ContactIsrael Álvarez / ialvarez@ About Volaris*Controladora Vuela Compañía de Aviación, S.A.B. de C.V. ('Volaris' or 'the Company') (NYSE: VLRS and BMV: VOLAR) is an ultra-low-cost carrier, with point-to-point operations, serving Mexico, the United States, Central, and South America. Volaris offers low base fares to build its market, providing quality service and extensive customer choice. Since the beginning of operations in March 2006, Volaris has increased its routes from 5 to more than 229 and its fleet from 4 to 147 aircraft. Volaris offers around 500 daily flight segments on routes that connect 44 cities in Mexico and 29 cities in the United States, Central, and South America, with one of the youngest fleets in Mexico. Volaris targets passengers who are visiting friends and relatives, cost-conscious business and leisure travelers in Mexico, the United States, Central, and South America. For more information, please visit Volaris routinely posts information that may be important to investors on its investor relations website. The Company encourages investors and potential investors to consult the Volaris website regularly for important information about in to access your portfolio
Business Upturn
7 days ago
- Business
- Business Upturn
Grupo Aeroportuario del Pacifico Announces Drawdown of Ps. 3,375 Million Credit Facility
By GlobeNewswire Published on May 31, 2025, 02:29 IST GUADALAJARA, Mexico, May 30, 2025 (GLOBE NEWSWIRE) — Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE: PAC; BMV: GAP) ('the Company' or 'GAP') announces that today it drew down a credit facility with Banco Nacional de México, S.A. ('Banamex') for Ps. 3,375 million, with a five-year term. Interest will be payable monthly at a variable rate of TIIE-28 (Funding) plus 54 basis points, without fees and principal payment on May 30, 2030, The proceeds from this credit will be used to repay existing bank loans currently held with Banamex of Ps. 2,500 million and BBVA of Ps. 875 million. Company Description Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (GAP) operates 12 airports throughout Mexico's Pacific region, including the major cities of Guadalajara and Tijuana, the four tourist destinations of Puerto Vallarta, Los Cabos, La Paz and Manzanillo, and six other mid-sized cities: Hermosillo, Guanajuato, Morelia, Aguascalientes, Mexicali, and Los Mochis. In February 2006, GAP's shares were listed on the New York Stock Exchange under the ticker symbol 'PAC' and on the Mexican Stock Exchange under the ticker symbol 'GAP'. In April 2015, GAP acquired 100% of Desarrollo de Concessioner Aeroportuarias, S.L., which owns a majority stake in MBJ Airports Limited, a company operating Sangster International Airport in Montego Bay, Jamaica. In October 2018, GAP entered into a concession agreement for the Norman Manley International Airport operation in Kingston, Jamaica, and took control of the operation in October 2019. This press release may contain forward-looking statements. These statements are statements that are not historical facts and are based on management's current view and estimates of future economic circumstances, industry conditions, company performance, and financial results. The words 'anticipates', 'believes', 'estimates', 'expects', 'plans' and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations, and the factors or trends affecting financial condition, liquidity, or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends, or results will occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations. In accordance with Section 806 of the Sarbanes-Oxley Act of 2002 and Article 42 of the 'Ley del Mercado de Valores', GAP has implemented a 'whistleblower' program, which allows complainants to anonymously and confidentially report suspected activities that involve criminal conduct or violations. The telephone number in Mexico, facilitated by a third party responsible for collecting these complaints, is 800 04 ETICA (38422) or WhatsApp +52 55 6538 5504. The website is or by email at [email protected]. GAP's Audit Committee will be notified of all complaints for immediate investigation. Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. GlobeNewswire provides press release distribution services globally, with substantial operations in North America and Europe.
Yahoo
30-05-2025
- Business
- Yahoo
Grupo Aeroportuario del Pacifico Announces Drawdown of Ps. 3,375 Million Credit Facility
GUADALAJARA, Mexico, May 30, 2025 (GLOBE NEWSWIRE) -- Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE: PAC; BMV: GAP) ('the Company' or 'GAP') announces that today it drew down a credit facility with Banco Nacional de México, S.A. ('Banamex') for Ps. 3,375 million, with a five-year term. Interest will be payable monthly at a variable rate of TIIE-28 (Funding) plus 54 basis points, without fees and principal payment on May 30, 2030, The proceeds from this credit will be used to repay existing bank loans currently held with Banamex of Ps. 2,500 million and BBVA of Ps. 875 million. Company Description Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (GAP) operates 12 airports throughout Mexico's Pacific region, including the major cities of Guadalajara and Tijuana, the four tourist destinations of Puerto Vallarta, Los Cabos, La Paz and Manzanillo, and six other mid-sized cities: Hermosillo, Guanajuato, Morelia, Aguascalientes, Mexicali, and Los Mochis. In February 2006, GAP's shares were listed on the New York Stock Exchange under the ticker symbol 'PAC' and on the Mexican Stock Exchange under the ticker symbol 'GAP'. In April 2015, GAP acquired 100% of Desarrollo de Concessioner Aeroportuarias, S.L., which owns a majority stake in MBJ Airports Limited, a company operating Sangster International Airport in Montego Bay, Jamaica. In October 2018, GAP entered into a concession agreement for the Norman Manley International Airport operation in Kingston, Jamaica, and took control of the operation in October 2019. This press release may contain forward-looking statements. These statements are statements that are not historical facts and are based on management's current view and estimates of future economic circumstances, industry conditions, company performance, and financial results. The words 'anticipates', 'believes', 'estimates', 'expects', 'plans' and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations, and the factors or trends affecting financial condition, liquidity, or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends, or results will occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations. In accordance with Section 806 of the Sarbanes-Oxley Act of 2002 and Article 42 of the 'Ley del Mercado de Valores', GAP has implemented a 'whistleblower' program, which allows complainants to anonymously and confidentially report suspected activities that involve criminal conduct or violations. The telephone number in Mexico, facilitated by a third party responsible for collecting these complaints, is 800 04 ETICA (38422) or WhatsApp +52 55 6538 5504. The website is or by email at denuncia@ GAP's Audit Committee will be notified of all complaints for immediate investigation. Alejandra Soto, Investor Relations and Social Responsibility Officer asoto@ Gisela Murillo, Investor Relations gmurillo@ 33 3880 1100 ext. 20294 Sign in to access your portfolio
Yahoo
27-05-2025
- Business
- Yahoo
Barclays Maintains Buy Rating on CEMEX (CX) Stock
On May 27, Barclays analyst Benjamin Theurer maintained a Buy rating on CEMEX, S.A.B. de C.V. (NYSE:CX) and maintained a price target of $8.00. The company's fiscal Q1 2025 earnings reported record first-quarter net income of $734 million. This growth was supported by higher consolidated prices and the divestment of its Dominican Republic operations, which offset the effects of lower volumes in Mexico. A pile of cement on the top of the wheelbarrow in construction site. CEMEX, S.A.B. de C.V. (NYSE:CX) reported EBITDA in line with its expectations at $601 million, aligning with flat EBITDA projections for the full year. Management attributed the EBITDA performance to various factors, including its Mexican operations which resulted in a $65 million headwind because of peso depreciation. Its EBITDA margin was supported by higher prices and lower energy and freight costs, factors that helped offset higher labor costs, volume impact, and maintenance work in the US. The company expects more favorable dynamics in the second half of 2025. Headquartered in San Pedro Garza Garcia, Mexico, CEMEX, S.A.B. de C.V. (NYSE:CX) is a global construction materials company that offers cement, aggregates, ready-mix concrete, and urbanization solutions. Its operations are spread across the following geographical segments: Mexico, United States, Europe, Middle East, Africa and Asia (EMEAA), and South, Central America and the Caribbean (SCA&C). While we acknowledge the potential of CX as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than CX and that has 100x upside potential, check out our report about the . READ NEXT: and . Disclosure: None. Sign in to access your portfolio
