Viva Aerobus reported a strong second quarter with a net income of $24 million and total operating revenue of $456 million recording an increase of 25.4% compared to the same time last year citing high domestic and international demand.
The airline's performance in the first half of 2023 exceeded the total revenue of the entire year of 2019, thanks to effective revenue streams and low fares to stimulate demand. The airline recorded a total increase in passenger numbers by 18.7% versus last year. The airline reported 0.2% increase in booked passengers, and closed the semester with a fleet of 73 aircraft.
Commenting on the result, Juan Carlos Zuazua, chief executive, Viva Aerobus said: “These solid results were possible only by effectively leveraging our diversified revenue streams, including low fares of $36.5 to stimulate demand, and a high ancillary mix of 48.4%.”
Viva Aerobus had $802 million in total revenue for the half, a 29% increase compared to the previous year. It had 11.34 million booked passengers during the period, a 20.2% growth. Domestically, the airline carried 10.15 million passengers and internationally, it had 1.18 million passengers.
The airline closed H1, 2023 with 73 aircraft. It currently has 22 Airbus A320ceo, 21 A320neo, nine A321ceo, and 21 A321neo. Viva has the third largest fleet in the country behind Aeromexico and Volaris.
Moreover, Viva Aerobus and Airbus recently signed an order for 90 additional A321neos.
Unfortunately, Viva Aerobus and Allegiant’s Joint Venture review was halted until further notice this week. The US Department of Transportation (DOT) paused the review for antitrust immunity for their Joint Venture until further notice. According to the US government, Mexico has failed to grant a fully liberalized air transport agreement between both countries. The DOT will resume the review of the application when this is solved.