VivaAerobus Q3 net profit up 33% as passengers, load factor surge
Grupo VivaAerobus, holding company of Mexican LCC VivaAerobus, posted a MXN409m (US$22.5m) net profit for Q3 2017, up 33.1% over MXN307.5m net income in Q3 2016. The company attributed the results to increased Q3 load factor and capacity, driven by competitive pricing. Net income margin was 18%, up 1.6 points from Q3 2016. The airline had a 91% passenger load factor during the quarter, up 2.7 points year-over-year; passenger numbers were up 16.5% YOY to 2.3m. The carrier’s Q3 capacity showed a 15.9% YOY increase to 2.6b ASKs. Q3 revenue totaled MXN2.3b, up 21.3% YOY, 59% of which were passenger revenues and 41% “complimentary” (ancillary) revenue. Operating expenses totaled MXN1.8b, up 19.2% YOY. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2017-11-08/unaligned/vivaaerobus-q3-net-profit-up-33-as-passengers-load-factor-surge
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VivaAerobus Q3 net profit up 33% as passengers, load factor surge
Grupo VivaAerobus, holding company of Mexican LCC VivaAerobus, posted a MXN409m (US$22.5m) net profit for Q3 2017, up 33.1% over MXN307.5m net income in Q3 2016. The company attributed the results to increased Q3 load factor and capacity, driven by competitive pricing. Net income margin was 18%, up 1.6 points from Q3 2016. The airline had a 91% passenger load factor during the quarter, up 2.7 points year-over-year; passenger numbers were up 16.5% YOY to 2.3m. The carrier’s Q3 capacity showed a 15.9% YOY increase to 2.6b ASKs. Q3 revenue totaled MXN2.3b, up 21.3% YOY, 59% of which were passenger revenues and 41% “complimentary” (ancillary) revenue. Operating expenses totaled MXN1.8b, up 19.2% YOY. <br/>
