Volaris Reports December 2020 Traffic Results

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Volaris Performance

January, 6 2021 Volaris

102% of 2019 capacity and 9% more passengers than previous month

Volaris;

Volaris (NYSE: VLRS and BMV: VOLAR), the ultra-low-cost airline serving Mexico, the United States and Central America, reports December 2020 preliminary traffic results.

Volaris continues increasing month-over-month capacity, using its ultra-low-cost structure and strong market position to further stimulate demand. Volaris remains focused on price sensitive visiting friends and relatives, leisure and small and medium sized enterprises segments, which continue to show the strongest demand for air travel in Mexico as the market recovers from COVID-19.

In December 2020, capacity measured by ASMs (Available Seat Miles) was 101.9% compared to the same month of last year. High season demand has been strong despite the current pandemic and demand measured by RPMs (Revenue Passenger Miles) was 90.7% of last year and increased 9.8% versus November 2020. Volaris transported a total of 1.8 million passengers during December 2020, an increase of 8.7% versus November 2020. Booked load factor for December 2020 was 78.5%.

During December 2020, Volaris began operating one new domestic route from Cancun to Oaxaca. The 12 new routes launched during 2020 are in ramp-up in terms of traffic demand and generally performing in accordance with plan.

Volaris' President and Chief Executive Officer, Enrique Beltranena, commenting on the traffic results for December 2020, said: "Volaris has a true low-cost structure that enables an extraordinary competitive advantage to continue stimulating passenger demand, shift bus passengers to air travel and increase load factor. We have taken multiple actions to bolster liquidity, reduce costs and capture market opportunities. Going forward, given the current rise in cases of COVID-19 in the US and Mexico, we will continue to deploy a disciplined approach to market and route selection to achieve profitability."

For January 2021, Volaris plans to operate approximately 98% of capacity, as measured by ASMs, versus the same period of last year.

The following table summarizes Volaris traffic results for the month and year to date.

December

2020

November

2020

Variance

December

2019

Variance

December

YTD 2020

December

YTD 2019

Variance

RPMs (in millions, scheduled & charter)

Domestic

1,279

1,216

5.2%

1,331

(3.9%)

10,900

14,871

(26.7%)

International

487

393

24.0%

616

(21.0%)

3,696

6,162

(40.0%)

Total

1,766

1,608

9.8%

1,948

(9.3%)

14,597

21,032

(30.6%)

ASMs (in millions, scheduled & charter)

Domestic

1,554

1,448

7.3%

1,489

4.4%

13,446

16,891

(20.4%)

International

697

550

26.6%

719

(3.1%)

4,829

7,607

(36.5%)

Total

2,250

1,998

12.6%

2,207

1.9%

18,275

24,499

(25.4%)

Load Factor (in %, scheduled, RPMs/ASMs)

Domestic

82.3%

84.0%

(1.7) pp

89.4%

(7.1) pp

81.1%

88.0%

(7.0) pp

International

69.9%

71.4%

(1.4) pp

85.8%

  (15.8) pp

76.6%

81.0%

(4.5) pp

Total

78.5%

80.5%

(2.0) pp

88.2%

(9.7) pp

79.9%

85.9%

(6.0) pp

Passengers (in thousands, scheduled & charter)

Domestic

1,442

1,372

5.1%

1,537

(6.2%)

12,195

17,654

(30.9%)

International

340

268

27.1%

433

(21.4%)

2,517

4,321

(41.7%)

Total

1,783

1,639

8.7%

1,970

(9.5%)

14,712

21,975

(33.1%)

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