Equity Analysis /
Mexico

Volaris: Flash VOLAR: November passengers maintain strong dynamism

  • Volaris recorded a 47.0% y/y increase in passenger traffic in November (+27.1% vs 2019), carrying 2.4 million

  • Capacity (ASMs) rose 28.8% y/y (+26.2% y/y vs 2019), while demand (RPMs) 41.7% y/y, a 25.7% surge vs 2019

  • The good demand dynamism could continue for year-end, although we must monitor the evolution of the omicron variant

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

Banorte
6 December 2021
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