Controladora Vuela Compañía de Aviacion SAB de CVNYSE: VLRS

Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS ) Q3 2024 Earnings Conference Call October 23, 2024 11:00 AM ET Company Participants Ricardo Martinez - Investor Relations Director Enrique Beltranena - President & Chief Executive Officer Holger Blankenstein - Airline Executive Vice President Jaime Pous - Chief Financial Officer Conference Call Participants Duane Pfennigwerth - Evercore ISI Guilherme Mendes - JPMorgan Stephen Trent - Citi Thomas Fitzgerald - TD Cowen Rogerio Araujo - Bank of America Jens Spiess - Morgan Stanley Michael Linenberg - Deutsche Bank Operator Good morning, everyone.

The headline numbers for Controladora Vuela (VLRS) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

MEXICO CITY, Oct. 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 third quarter of 20241.

Controladora Vuela (VLRS) came out with quarterly earnings of $0.32 per share, beating the Zacks Consensus Estimate of $0.19 per share. This compares to loss of $0.33 per share a year ago.

Volaris, Mexico's largest ultra-low-cost airline with a market cap over $800 million, has grown from 5 to over 230 routes since 2006, making it the tenth-largest airline. The company achieved record-high Q2 EBITDAR despite capacity reductions, driven by strategic planning, increased customer loyalty, and rising ancillary revenue. Volaris is making progress on grounded aircraft, with improved maintenance from Pratt & Whitney, and is expected to increase capacity in the second half of 2024, signaling strong growth ahead.

The average of price targets set by Wall Street analysts indicates a potential upside of 72.9% in Controladora Vuela (VLRS). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, Controladora Vuela (VLRS) could be a great choice. It is one of the several stocks that passed through our 'Fast-Paced Momentum at a Bargain' screen.

MEXICO CITY, Oct. 03, 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 September 2024 preliminary traffic results.

Controladora Vuela (VLRS) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen.