Volaris has announced its total operating revenue increased 22.9% year-over-year, reaching Ps.7,192 million for the first quarter of 2019.
The airline has attributed its success to the launch of 16 new routes from its main hubs and 17 other routes (10 national and seven international) to cities such as El Salvador, Dallas, and Chicago.
During the quarter, Volaris transported five million passengers, a growth of 16.4% when compared to the same period last year.
The airline's total operating revenues per available seat mile (TRASM) totalled Ps.126.1 cents for the first quarter, an increase of 9.0% year-over-year.
Operating income stood at Ps.26 million for the first quarter, an improvement compared with the operating loss of Ps.545 million for the same period last year. Operating margin for the first quarter was 0.4%, an improvement in margin of 9.7% points year-over-year.
Meanwhile, net income was Ps.519 million, with a net margin of 7.2% for the first quarter.
In addition to this, the Mexican airline received a new aircraft A321neo to its fleet and did not register any return of units to its landlords, so it ended the first three months of the year with a fleet of 78 aircraft, with an average age of over 4.5 years.