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VLRS

Controladora Vuela Compañía de Aviación, S.A.B. de C.V.

VLRS

Controladora Vuela Compañía de Aviación, S.A.B. de C.V. • NYSE
$7.29 ▲ 0.76% (+0.06)
Market Cap $838.47 M
52w High $9.00
52w Low $3.49
Dividend Yield 0%
P/E -13.26
Volume 97.38K
Outstanding Shares 114.94M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $784M ▲ $9M ▼ $6M ▲ 0.765% ▲ $0.052 ▲ $85M ▼
Q2-2025 $693M ▲ $29M ▲ $-63M ▼ -9.091% ▼ $-0.55 ▼ $150M ▼
Q1-2025 $678M ▼ $4M ▼ $-51M ▼ -7.522% ▼ $-0.44 ▼ $163M ▼
Q4-2024 $835M ▲ $188M ▲ $46M ▲ 5.509% ▲ $0.39 ▲ $169M ▲
Q3-2024 $813M $36M $37M 4.551% $0.32 $153M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $785.575M ▼ $5.703B ▲ $5.441B ▲ $262M ▲
Q2-2025 $788M ▼ $5.609B ▼ $5.355B ▼ $254M ▼
Q1-2025 $862.368M ▼ $5.687B ▼ $5.372B ▲ $314.973M ▼
Q4-2024 $945.184M ▲ $5.704B ▲ $5.339B ▲ $364.813M ▲
Q3-2024 $821.22M $5.492B $5.172B $320M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $6.009M ▲ $188.556M ▲ $-69.614M ▼ $-77.588M ▲ $6.558M ▲ $84.191M ▲
Q2-2025 $0 ▲ $118.657M ▼ $-15.784M ▼ $-215.851M ▼ $-74.921M ▼ $76.637M ▲
Q1-2025 $-51M ▼ $140.061M ▼ $-6.283M ▲ $-194.394M ▼ $-60.979M ▼ $62.19M ▼
Q4-2024 $46M ▲ $308M ▲ $-85M ▲ $-98M ▼ $123.634M ▲ $308M ▲
Q3-2024 $0 $233M $-149M $-53.967M $26M $233M

Five-Year Company Overview

Income Statement

Income Statement Volaris shows a clear recovery story with improving profitability, but still with some bumps along the way. Sales have grown strongly over the last five years from a very weak pandemic base, though they slipped slightly most recently after peaking the year before. The big improvement is in profitability: gross profit and operating profit have both risen meaningfully, showing better cost control and scale. Earnings have swung from sizable losses during the pandemic to roughly breakeven and then to a modest profit in the latest year. Overall, the income statement reflects a maturing ultra‑low‑cost model that is now consistently generating operating profits, but with earnings that are still sensitive to demand, fuel costs, and pricing pressure.

Balance Sheet

Balance Sheet The balance sheet is typical of a fast‑growing, capital‑intensive airline: asset‑heavy and debt‑loaded, with a relatively thin equity base. Total assets have steadily expanded as the fleet and operations have grown. Debt has also increased over time and now represents a large share of the capital structure, which raises financial risk if conditions worsen. Cash balances have grown but remain modest compared with total obligations. Equity has improved from a very low level, helped by recent profits, yet it is still small relative to total assets and debt. In simple terms, the company is building scale and value, but it is doing so with considerable leverage, which makes disciplined execution and stable cash generation especially important.

Cash Flow

Cash Flow Cash generation is a relative bright spot. Operating cash flow has strengthened consistently since the pandemic, showing that the core business is bringing in solid cash even when accounting profits were volatile. The company has been investing heavily in its fleet and operations, as seen in sizable capital spending each year. Despite this, free cash flow has stayed positive and improved over time, suggesting that Volaris is generally able to fund growth from its own cash generation rather than relying entirely on new borrowing. This pattern points to a business model that is more robust in cash terms than the income statement alone might suggest, though continued high investment needs remain a reality.

Competitive Edge

Competitive Edge Volaris holds a strong competitive position as a leading ultra‑low‑cost carrier in Mexico, with a clear focus on converting long‑distance bus travelers into first‑time fliers. Its cost base is among the lowest in the region, helped by a young, fuel‑efficient Airbus fleet, high aircraft utilization, and a simple point‑to‑point route structure. The airline has also built a powerful ancillary revenue engine, earning meaningful income from add‑on services rather than relying solely on ticket prices. It has taken advantage of competitors’ challenges to secure valuable airport positions and market share. However, it still faces intense competition from both traditional and low‑cost rivals, exposure to fuel prices and currency swings, and regulatory and safety oversight that can quickly shift market dynamics. Even so, its entrenched cost leadership and strong domestic footprint give it a durable edge.

Innovation and R&D

Innovation and R&D Innovation at Volaris is focused on operations, customer experience, and commercial strategy rather than traditional lab‑style research. The company is modernizing its fleet toward next‑generation aircraft, which should enhance fuel efficiency, reduce emissions, and support its cost advantage. On the customer side, Volaris is pushing a digital‑first approach, including AI‑powered chatbots and WhatsApp‑based service that cut support costs and allow it to handle large volumes of interactions with lean staffing. Its subscription products, like v.pass and v.club, are unusual for the airline industry and create recurring revenue and customer loyalty. The airline also invests in data‑driven marketing and revenue management, and it is exploring sustainable aviation fuel and broader ESG initiatives. Taken together, these efforts suggest a carrier that tries to innovate within its business model to stay ahead on cost, loyalty, and efficiency, even if overall industry disruption risk remains high.

Summary

Volaris has transitioned from a crisis‑hit airline during the pandemic to a more stable, profitable ultra‑low‑cost carrier with growing scale. Revenues have recovered strongly, margins have improved, and the business is now consistently cash‑generative. At the same time, the company carries a heavy debt load and operates with a relatively thin equity cushion, which increases its sensitivity to shocks in demand, fuel prices, or currency movements. Its competitive strengths lie in very low operating costs, a focused bus‑to‑air strategy, strong ancillary revenues, and meaningful digital and fleet innovation. Going forward, the key issues to watch are its ability to manage leverage, sustain cost leadership, execute on fleet modernization and digital initiatives, and navigate competitive and regulatory pressures in Mexico and the broader region.

NEWS

November 29, 2025 · 9:05 PM UTC

Volaris Completed EASA-Mandated A320 Inspections and Repairs with No Cancellations and Minimal Delays

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November 5, 2025 · 9:00 AM UTC

Volaris Reports October 2025 Traffic Results: Load Factor of 86%

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November 3, 2025 · 9:55 AM UTC

CDB Aviation Completes Mandate for Five A320neo Family Aircraft with Volaris

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October 27, 2025 · 6:06 PM UTC

Volaris Reports Financial Results for the Third Quarter 2025: EBITDAR Margin of 33.6%

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October 7, 2025 · 6:01 PM UTC

Volaris Announces the Release of the 2024 Integrated Annual Report

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