Profile
Sector:
IndustrialsIndustry:
AirlinesCountry:
MexicoIPO:
18 September 2013Website:
http://www.volaris.comNext earnings report:
26 February 2025Last dividends:
N/ANext dividends:
N/APrice
after hours | 4 min agoDividend
Analysts recommendations
Institutional Ownership
VLRS Latest News
VLRS expects 2024 total revenues to be close to the 2023 reported level despite a double-digit capacity reduction.
Controladora Vuela (VLRS) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.
Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (Volaris) has managed to keep costs low and mitigate risks, leading to an 11% stock gain since July, outperforming the S&P 500. Despite geopolitical and currency risks, Volaris benefits from nearshoring trends and a favorable Mexican investment climate, with significant cash holdings in US dollars. The third quarter saw a 15.5% operating margin increase due to lower fuel costs and effective capacity management, despite a 4.1% revenue decline.
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.
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What type of business is Controladora Vuela Compañía de Aviacion SAB de CV?
Controladora Vuela Compañía de Aviación, S.A.B. de C.V., through its subsidiary, Concesionaria Vuela Compañía de Aviación, S.A.P.I. de C.V., provides air transportation services for passengers, cargo, and mail in Mexico and internationally. The company operates approximately 590 daily flights on routes connecting 43 cities in Mexico, 22 cities in the United States, 4 cities in Central America, and 2 cities in South America. As of December 31, 2022, it leased 116 aircrafts and 23 spare engines. The company also offers merchandising, travel agency, and loyalty program, as well as specialized and aeronautical technical services. Controladora Vuela Compañía de Aviación, S.A.B. de C.V. was incorporated in 2005 and is headquartered in Mexico City, Mexico.
What sector is Controladora Vuela Compañía de Aviacion SAB de CV in?
Controladora Vuela Compañía de Aviacion SAB de CV is in the Industrials sector
What industry is Controladora Vuela Compañía de Aviacion SAB de CV in?
Controladora Vuela Compañía de Aviacion SAB de CV is in the Airlines industry
What country is Controladora Vuela Compañía de Aviacion SAB de CV from?
Controladora Vuela Compañía de Aviacion SAB de CV is headquartered in Mexico
When did Controladora Vuela Compañía de Aviacion SAB de CV go public?
Controladora Vuela Compañía de Aviacion SAB de CV initial public offering (IPO) was on 18 September 2013
What is Controladora Vuela Compañía de Aviacion SAB de CV website?
https://www.volaris.com
Is Controladora Vuela Compañía de Aviacion SAB de CV in the S&P 500?
No, Controladora Vuela Compañía de Aviacion SAB de CV is not included in the S&P 500 index
Is Controladora Vuela Compañía de Aviacion SAB de CV in the NASDAQ 100?
No, Controladora Vuela Compañía de Aviacion SAB de CV is not included in the NASDAQ 100 index
Is Controladora Vuela Compañía de Aviacion SAB de CV in the Dow Jones?
No, Controladora Vuela Compañía de Aviacion SAB de CV is not included in the Dow Jones index
When was Controladora Vuela Compañía de Aviacion SAB de CV the previous earnings report?
No data
When does Controladora Vuela Compañía de Aviacion SAB de CV earnings report?
The next expected earnings date for Controladora Vuela Compañía de Aviacion SAB de CV is 26 February 2025