Volaris First Quarter and Full Year 2024 Guidance

MEXICO CITY, Jan. 11, 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 announced its guidance for the first quarter and full year 2024.

For 2024, Volaris remains focused on executing its business plan to serve robust demand in its domestic and international markets and drive profitable growth despite constraints due to accelerated GTF engine preventive inspections. The Company’s priorities for the year are: (i) ensuring the safety of our ambassadors and customers, (ii) driving profitability, and (iii) optimizing network reliability.

Additionally, we maintain the 2023 guidance provided to the market on October 10, 2023.

For the first quarter of 2024, the Company expects:

	1Q’24	1Q’23 (1)
1Q’24 Guidance
ASM growth (YoY)	-16% to -18%	+17.7%
TRASM	$8.5 to $8.7 cents	$7.71 cents
CASM ex fuel	$5.5 to $5.7 cents	$4.65 cents
EBITDAR margin	25% to 27%	16.8%
Average USD/MXN rate	Ps. $17.00 to $17.20	Ps. 18.70
Average U.S. Gulf Coast jet fuel price	$2.55 to $2.65	$3.06

^{(1) For convenience purposes, actual reported figures for 1Q'23 are included.}

For the full year 2024, the Company expects:

	2024	2023 (2)
Full Year Guidance
ASM growth (YoY)	-16% to -18%	+10%
EBITDAR margin	31% to 33%	~26%
CAPEX (3)	~$300 million	~$300 million
Average USD/MXN rate	Ps. $17.70 to $17.90	Ps.17.75
Average U.S. Gulf Coast jet fuel price	$2.50 to $2.60	$2.80

^{(2) For convenience purposes, 2023 guidance (as disclosed on October 10, 2023) is included.}