Mexico’s Volaris raises Q4 profit guidance on rising yields
Following the Dec 2017 launch of 8 international routes and subsequent indications of improving yields, Volaris increased its profit guidance for Q4 2017 to 27%-29%, the airline said Jan 5. In its Dec 2017 preliminary traffic statement—which reported a 3.1% year-over-year increase in passenger traffic for the month of December and 11.1% YOY traffic growth for the full year—Volaris said a “quarter-over-quarter yield improving environment” led the company to increase its Q4 adjusted EBITDAR margin guidance. The increase reflects an actual average exchange rate of MXP19.16 per US dollar and average economic fuel price per gallon of $1.90, Volaris said. The airline did not provide specific revenue or yield figures for the month. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2018-01-08/unaligned/mexico2019s-volaris-raises-q4-profit-guidance-on-rising-yields
https://portal.staralliance.com/cms/logo.png
Mexico’s Volaris raises Q4 profit guidance on rising yields
Following the Dec 2017 launch of 8 international routes and subsequent indications of improving yields, Volaris increased its profit guidance for Q4 2017 to 27%-29%, the airline said Jan 5. In its Dec 2017 preliminary traffic statement—which reported a 3.1% year-over-year increase in passenger traffic for the month of December and 11.1% YOY traffic growth for the full year—Volaris said a “quarter-over-quarter yield improving environment” led the company to increase its Q4 adjusted EBITDAR margin guidance. The increase reflects an actual average exchange rate of MXP19.16 per US dollar and average economic fuel price per gallon of $1.90, Volaris said. The airline did not provide specific revenue or yield figures for the month. <br/>
