{"id":3411,"date":"2021-02-19T20:33:27","date_gmt":"2021-02-20T02:33:27","guid":{"rendered":"http:\/\/accesstomexico.mx\/blog\/?p=3411"},"modified":"2021-02-19T20:33:27","modified_gmt":"2021-02-20T02:33:27","slug":"mexicos-low-cost-volaris-tracks-strongest-recovery-in-the-industry","status":"publish","type":"post","link":"https:\/\/accesstomexico.mx\/blog\/mexicos-low-cost-volaris-tracks-strongest-recovery-in-the-industry\/","title":{"rendered":"Mexico\u2019s low-cost Volaris tracks \u2018strongest recovery\u2019 in the industry."},"content":{"rendered":"\n
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FLIGHT GLOBAL<\/a><\/p>\n\n\n\n

Mexican ultra-low-cost carrier Volaris is on track for one of the fastest recoveries in the industry even though the coronavirus continued to drag on results in the fourth quarter 2020, the airline says on 19 February.<\/p>\n\n\n\n

In December, Volaris\u2019 capacity (in available seat miles) was up 102% year-on-year. Its load factor during the fourth quarter for domestic flights was 83.5%, and for international flights was 72%, bringing that number overall to 80%.<\/p>\n\n\n\n

\u201cThe capacity and load factor represents one of the fastest recoveries of any airline worldwide,\u201d says Holger Blankenstein, the airline\u2019s executive vice-president responsible for commercial operations.<\/p>\n\n\n\n

The carrier says revenue for the final quarter of the year was Ps8 billion ($392 million), compared to Ps9.7 billion a year earlier, a decline of 16.7%. Revenue for the year was Ps22.2 billion, down 36% from 2019.<\/p>\n\n\n\n

Profit in the quarter fell to Ps897 million, down about 30% from Ps1.3 billion in 2019. For the full year 2020, the airline posted a net loss of Ps4.3 billion.<\/p>\n\n\n\n

During the quarter that ended in December, Volaris says it began operating two new domestic and seven new international routes. The airline transported a total of 14.7 million passengers in 2020.<\/p>\n\n\n\n

For the first three months of the new year 2021, the carrier says it is being \u201cconservative\u201d as new travel restrictions, especially the US coronavirus testing requirement that went into effect on 26 January, is once again dragging on demand. \u201cThis uncertainty has softened first-quarter demand,\u201d Blankenstein says.<\/p>\n\n\n\n

\u201cVolaris operates approximately 30% of its network from Mexico to the USA and expects a short-term reduction in demand for cross-border flights as a result of recent USA regulations requiring international passengers arriving to the USA to have completed a negative Covid-19 test not more than 72h prior to departure.\u201d<\/p>\n\n\n\n

The leisure-focused airline is looking forward to the spring break period, which begins at the end of this month, and the Easter holiday travel season, though ticket sales have been slow.<\/p>\n\n\n\n

\u201cWe are still seeing low booking curves and the shortening of the booking window,\u201d Blankenstein says. \u201cWe are closely observing Easter high season, which should kick in in late March and early April, and we expect to see some stabilisation around that time.\u201d<\/p>\n\n\n\n

With the Easter holiday falling on 4 April this year, related traffic and revenue will be split between the first and second quarters.<\/p>\n\n\n\n

Blankenstein says bookings are still \u201cbelow regular patterns\u201d. But the USA\u2019s ongoing vaccination campaign may improve customer confidence and release pent-up demand, giving Volaris \u201ccautious optimism\u201d for the holiday.<\/p>\n\n\n\n

The airline ended 2020 with 86 aircraft in its all-Airbus fleet, including six A319s, 64 A3420s and 16 A321s. Of those, 35% are the more-efficient Neo variants. According to Cirium fleets data, the airline has another 99 aircraft on order from the Toulouse-based airframer. <\/p>\n\n\n\n

Pilar Wolfsteller. (2021). Mexico\u2019s low-cost Volaris tracks \u2018strongest recovery\u2019 in the industry. USA. Flight Global<\/em>. Recuperado de <\/strong><\/p>\n\n\n\n

https:\/\/www.flightglobal.com\/strategy\/mexicos-low-cost-volaris-tracks-strongest-recovery-in-the-industry\/142513.article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

FLIGHT GLOBAL Mexican ultra-low-cost carrier Volaris is on track for one of the fastest recoveries in the industry even though the coronavirus continued to drag on results in the fourth quarter 2020, the airline says on 19 February. In December, […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-3411","post","type-post","status-publish","format-standard","hentry","category-uncategorized","clearfix"],"_links":{"self":[{"href":"https:\/\/accesstomexico.mx\/blog\/wp-json\/wp\/v2\/posts\/3411","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/accesstomexico.mx\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/accesstomexico.mx\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/accesstomexico.mx\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/accesstomexico.mx\/blog\/wp-json\/wp\/v2\/comments?post=3411"}],"version-history":[{"count":1,"href":"https:\/\/accesstomexico.mx\/blog\/wp-json\/wp\/v2\/posts\/3411\/revisions"}],"predecessor-version":[{"id":3413,"href":"https:\/\/accesstomexico.mx\/blog\/wp-json\/wp\/v2\/posts\/3411\/revisions\/3413"}],"wp:attachment":[{"href":"https:\/\/accesstomexico.mx\/blog\/wp-json\/wp\/v2\/media?parent=3411"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/accesstomexico.mx\/blog\/wp-json\/wp\/v2\/categories?post=3411"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/accesstomexico.mx\/blog\/wp-json\/wp\/v2\/tags?post=3411"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}