Equity Analysis /

Volaris: Flash: Higher fuel costs overshadowed passenger’s growth

  • Volar recorded an annual increase of 10.4% y/y in total passenger traffic, although with a lower occupancy

  • Higher fuel costs (+107% y/y per gallon) will led to greater pressure on profitability margins

  • Volar will continue growing in the long term, highlighting its attractive valuation (FV/EBITDAR 4.4x vs. 7.9x 5Y-avg.)

Jose Itzamna Espitia Hernandez
Jose Itzamna Espitia Hernandez

Senior Equity Research Analyst, Infrastructure, Materials and Transportation

Marissa Garza Ostos
Marissa Garza Ostos

Head of Equity Research

8 July 2022
Published byBanorte


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