VLRS

Controladora Vuela Compañía de Aviación
VLRS

$6.45

1.57%

Market Cap: 742M

About: Controladora Vuela Compania de Aviacion SAB de CV is a low-cost airline flying to Mexico, the United States, Central and South America. It currently operates up to 500 average daily flight segments on routes that connect 44 cities in Mexico as well as 22 cities in the United States, four in Central America and two in South America. It uses promotional fares to stimulate demand and the base fares are priced to compete with long-distance bus fares in Mexico. Revenues from the air transportation of passengers are recognized earlier when the service is provided or when the non-refundable ticket expires at the date of the scheduled travel. Non-passenger revenues include revenues generated from other non-passenger revenues and cargo services.

Employees: 7,198

0

Funds holding %

of 6,702 funds

0

Analysts bullish %

of 5 analysts

0

News positive %

of 9 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

1,679% more call options, than puts

Call options by funds: $694K | Put options by funds: $39K

0% more funds holding in top 10

Funds holding in top 10: 3 [Q4 2023] → 3 (+0) [Q1 2024]

0.08% less ownership

Funds ownership: 4.14% [Q4 2023] → 4.05% (-0.08%) [Q1 2024]

7% less funds holding

Funds holding: 83 [Q4 2023] → 77 (-6) [Q1 2024]

19% less capital invested

Capital invested by funds: $430M [Q4 2023] → $351M (-$79.7M) [Q1 2024]

19% less repeat investments, than reductions

Existing positions increased: 25 | Existing positions reduced: 31

60% less first-time investments, than exits

New positions opened: 4 | Existing positions closed: 10

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Research analyst outlook

5 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target

$10

55%

upside

Avg. target

$12.80

98%

upside

High target

$18

179%

upside

5 analyst ratings

5 positive

100%

0 neutral

0%

0 negative

0%

TD Cowen Helane Becker	55%upside $10	Buy Maintained	17 Jul 2024
Morgan Stanley Josh Milberg	86%upside $12	Overweight Initiated	24 May 2024
JP Morgan Fernando Abdalla	179%upside $18	Overweight Maintained	21 May 2024
Barclays Pablo Monsivais	86%upside $12	Overweight Maintained	24 Apr 2024
Deutsche Bank Michael Linenberg	86%upside $12	Buy Maintained	23 Apr 2024

See Analyst Rankings

Financial journalist opinion

Based on 9 articles about VLRS published over the past 30 days

Volaris: A Mispriced Airline Stock With Huge Potential

Volaris reported the highest EBITDAR for any second quarter, improving full year outlook. Capacity cut due to engine issues led to a decrease in revenues, but expenses decreased, pointing to margin expansion. Volaris is more positive on the balance of 2024, expecting improved capacity development and revenue in line with last year.

Volaris: A Mispriced Airline Stock With Huge Potential

Volaris Hardly Flying High Despite Healthy Margins And Progress On Aircraft Groundings

Good cost control allowed Volaris to report better-than-expected EBITDAR in Q2'24, with EBITDAR up 23% on a 7% revenue decline driven by 17% less capacity. Engine repair turnaround times are improving, but capacity is still likely to be down 14% in 2024, and prioritizing higher-profit routes can only offset a portion of that headwind. A weaker Mexican economy and weaker domestic travel is a risk for 2024, but over the longer term, Volaris still has an opportunity to benefit from growing air travel in Mexico.

Volaris Hardly Flying High Despite Healthy Margins And Progress On Aircraft Groundings

Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (VLRS) Q2 2024 Earnings Call Transcript

Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS ) Q2 2024 Earnings Conference Call July 23, 2024 11:00 AM ET Company Participants Ricardo Martinez - Investor Relations Director Enrique Javier Beltranena Mejicano - President and Chief Executive Officer Holger Blankenstein - Executive Vice President, Airline Commercial and Operations Jaime Esteban Pous Fernandez - Chief Financial Officer Conference Call Participants Duane Pfennigwerth - Evercore ISI Stephen Trent - Citi Michael Linenberg - Deutsche Bank Joao Frizo - Goldman Sachs Thomas Fitzgerald - TD Cowen Jens Spiess - Morgan Stanley Operator Good morning, everyone.

Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (VLRS) Q2 2024 Earnings Call Transcript

Zacks Investment Research

Controladora Vuela (VLRS) Reports Q2 Earnings: What Key Metrics Have to Say

While the top- and bottom-line numbers for Controladora Vuela (VLRS) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Controladora Vuela (VLRS) Reports Q2 Earnings: What Key Metrics Have to Say

Volaris Reports Financial Results for the Second Quarter 2024: Net Income of USD $10 million

MEXICO CITY, , July 22, 2024 (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, today reports its unaudited financial results for the second quarter of 20241.

Volaris Reports Financial Results for the Second Quarter 2024: Net Income of USD $10 million

Bullet Solutions acquired by Kinetic – a Volaris Group company

Kinetic expands global footprint in the higher education market with acquisition of Bullet Solutions, enabled by Volaris Group. Kinetic expands global footprint in the higher education market with acquisition of Bullet Solutions, enabled by Volaris Group.

Bullet Solutions acquired by Kinetic – a Volaris Group company

Volaris: A Low-Cost Carrier Trading At A Significant Discount

Volaris experienced revenue growth in Q1 despite a 13% capacity reduction, with TRASM up 21% due to market constraints. The company expects further capacity reductions in Q2 but anticipates improved EBITDAR margins and increased CapEx for engine procurement. Despite facing challenges and a lower stock price, Volaris remains undervalued due to efficient cost management and revenue optimization strategies.

Volaris: A Low-Cost Carrier Trading At A Significant Discount

Volaris Reports June 2024 Traffic Results: 86% Load Factor

MEXICO CITY, July 08, 2024 (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 June 2024 preliminary traffic results.

Volaris Reports June 2024 Traffic Results: 86% Load Factor

Aviation Capital Group Announces Delivery of One A321neo to Volaris

NEWPORT BEACH, Calif.--(BUSINESS WIRE)-- #acg--Aviation Capital Group LLC (ACG), a premier global full-service aircraft asset manager, announced the delivery of one A321neo aircraft on long-term lease to Volaris. Powered by the ultra-efficient Pratt & Whitney GTF engines, this is the third of four aircraft scheduled to deliver to the airline as part of a multiple-aircraft sale-leaseback transaction between ACG and Volaris. ACG specializes in commercial aircraft leasing and aviation finance. In add.

Aviation Capital Group Announces Delivery of One A321neo to Volaris

Volaris Reports May 2024 Traffic Results: 86% Load Factor

MEXICO CITY, June 06, 2024 (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 2024 preliminary traffic results.

Volaris Reports May 2024 Traffic Results: 86% Load Factor

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