translated from Spanish: Volaris recovers quickly from Covid-19 pandemic

Mexico City.- Mexico’s low-cost airline Volaris is on track for one of the fastest recoveries in the industry, even though the coronavirus continued to drag the results in the fourth quarter of 2020, the airline said on February 19. In December, Volaris’ capacity (in available miles per seat) increased by 102% year on year.
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Its occupancy factor during the fourth quarter for domestic flights was 83.5% and for international flights it was 72%, which raises that number overall to 80%.

“Capacity and load factor represent one of the fastest recoveries of any airline worldwide,” says Holger Blankenstein, executive vice president of the airline responsible for commercial operations.

Many airlines lost millions of dollars to the pandemic. Afp

Read more: Cancel 72% of flights on Interjet and AeromexicoThe airline says revenue for the last quarter of the year was $8 billion ($392 million), compared to $9.7 billion the previous year, a decrease of 16.7%. Revenue for the year was 22.2 billion pesos, 36% less than in 2019. Profit in the quarter fell to 897 million pesos, 30% less than 1.3 billion pesos in 2019.By the full year 2020, the airline recorded a net loss of 4.3 billion pesos. During the quarter that ended in December, Volaris says it began operating two new national routes and seven new international routes. The airline carried a total of 14.7 million passengers by 2020.

The company in the country is known for its low-cost offerings. Twitter

Read more: Plane departing from Cancun to Houston loses engine over the Gulf of MexicoDuring the first three months of the new year 2021, the airline says it is being “conservative” as new travel restrictions, especially the U.S. coronavirus testing requirement. 

United Airlines Flight 228 Turbine Fire

“This uncertainty has softened demand for the first quarter,” Says Blankenstein.

Original source in Spanish