Reported Earnings • Jul 22
Second quarter 2026 earnings: EPS exceeds analyst expectations Second quarter 2026 results: US$0.11 loss per share (further deteriorated from US$0.055 loss in 2Q 2025). Revenue: US$859.0m (up 24% from 2Q 2025). Net loss: US$127.0m (loss widened 101% from 2Q 2025). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 8.0%. Revenue is forecast to grow 7.8% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Global Airlines industry. Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Price Target Changed • Jul 12
Price target increased by 7.5% to Mex$16.75 Up from Mex$15.58, the current price target is an average from 6 analysts. New target price is 15% above last closing price of Mex$14.60. Stock is up 60% over the past year. The company is forecast to post a net loss per share of US$0.22 next year compared to a net loss per share of US$0.09 last year. Announcement • Jul 07
Controladora Vuela Compañía de Aviación, S.A.B. de C.V. to Report Q2, 2026 Results on Jul 21, 2026 Controladora Vuela Compañía de Aviación, S.A.B. de C.V. announced that they will report Q2, 2026 results After-Market on Jul 21, 2026 Announcement • Jun 16
Controladora Vuela Compania de Aviacion, S.A.B. de C.V. Announces Resignation of Andrew Broderick as Director, Effective June 15, 2026 Controladora Vuela Compania de Aviacion, S.A.B. de C.V. announced that Mr. Andrew Broderick, who has been a valuable member of the Board of Directors of Controladora Vuela Compania de Aviacion, S.A.B. de C.V. and an important part of the Volaris family, submitted his resignation as director of Volaris effective June 15, 2026, to pursue a new professional challenge. Major Estimate Revision • May 28
Consensus EPS estimates fall by 14% The consensus outlook for fiscal year 2026 has been updated. 2026 expected loss increased from -US$0.202 to -US$0.229 per share. Revenue forecast unchanged at US$3.52b. Airlines industry in Mexico expected to see average net income decline 14% next year. Consensus price target of Mex$15.58 unchanged from last update. Share price rose 12% to Mex$13.46 over the past week. Major Estimate Revision • May 04
Consensus EPS estimates fall by 233% The consensus outlook for fiscal year 2026 has been updated. 2026 expected loss increased from -US$0.063 to -US$0.21 per share. Revenue forecast unchanged at US$3.47b. Airlines industry in Mexico expected to see average net income decline 12% next year. Consensus price target up from Mex$14.74 to Mex$15.45. Share price was steady at Mex$13.06 over the past week. Reported Earnings • Apr 29
First quarter 2026 earnings: Revenues miss analyst expectations First quarter 2026 results: Revenue: US$770.0m (up 14% from 1Q 2025). Net loss: US$71.0m (loss widened 39% from 1Q 2025). Revenue missed analyst estimates by 1.9%. Revenue is forecast to grow 9.2% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Global Airlines industry. Announcement • Apr 29
Controladora Vuela Compañía de Aviación, S.A.B. de C.V. Provides Operating Guidance for the Second Quarter of 2026 Controladora Vuela Compañía de Aviación, S.A.B. de C.V. provided operating guidance for the second quarter of 2026. For the quarter, the company expects available seat miles (ASM) growth of 0% to 2% year on year, TRASM of ~9.50 cents and CASM ex fuel of ~6.80 cents. Announcement • Apr 09
Controladora Vuela Compañía de Aviación, S.A.B. de C.V., Annual General Meeting, Apr 24, 2026 Controladora Vuela Compañía de Aviación, S.A.B. de C.V., Annual General Meeting, Apr 24, 2026. Location: av antonio dovali jaime, n 70 tower b 13th floor, colonia zedec santa fe mayor alvaro obregon, cp 01210, mexico Mexico Announcement • Apr 07
Controladora Vuela Compañía de Aviación, S.A.B. de C.V. to Report Q1, 2026 Results on Apr 27, 2026 Controladora Vuela Compañía de Aviación, S.A.B. de C.V. announced that they will report Q1, 2026 results After-Market on Apr 27, 2026 Price Target Changed • Mar 20
Price target decreased by 12% to Mex$16.22 Down from Mex$18.42, the current price target is an average from 5 analysts. New target price is 30% above last closing price of Mex$12.45. Stock is up 10% over the past year. The company is forecast to post a net loss per share of US$0.061 next year compared to a net loss per share of US$0.09 last year. Reported Earnings • Feb 25
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: US$0.091 loss per share (down from US$0.11 profit in FY 2024). Revenue: US$3.04b (down 3.3% from FY 2024). Net loss: US$104.0m (down 182% from profit in FY 2024). Revenue missed analyst estimates by 4.6%. Earnings per share (EPS) also missed analyst estimates by 17%. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Global Airlines industry. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Announcement • Feb 04
Controladora Vuela Compañía de Aviación, S.A.B. de C.V. to Report Q4, 2025 Results on Feb 24, 2026 Controladora Vuela Compañía de Aviación, S.A.B. de C.V. announced that they will report Q4, 2025 results After-Market on Feb 24, 2026 Price Target Changed • Dec 19
Price target increased by 8.4% to Mex$17.78 Up from Mex$16.40, the current price target is an average from 6 analysts. New target price is approximately in line with last closing price of Mex$16.99. Stock is up 6.7% over the past year. The company is forecast to post a net loss per share of US$0.075 compared to earnings per share of US$0.11 last year. Price Target Changed • Dec 02
Price target increased by 8.5% to Mex$17.07 Up from Mex$15.73, the current price target is an average from 6 analysts. New target price is 22% above last closing price of Mex$13.98. Stock is down 12% over the past year. The company is forecast to post a net loss per share of US$0.074 compared to earnings per share of US$0.11 last year. Major Estimate Revision • Nov 04
Consensus EPS estimates upgraded to US$0.077 loss The consensus outlook for fiscal year 2025 has been updated. 2025 losses forecast to reduce from -US$0.088 to -US$0.077 per share. Revenue forecast steady at US$3.03b. Airlines industry in Mexico expected to see average net income growth of 6.7% next year. Consensus price target of Mex$16.40 unchanged from last update. Share price fell 4.4% to Mex$12.03 over the past week. Reported Earnings • Oct 28
Third quarter 2025 earnings: EPS exceeds analyst expectations Third quarter 2025 results: EPS: US$0.005 (down from US$0.032 in 3Q 2024). Revenue: US$784.0m (down 3.5% from 3Q 2024). Net income: US$6.00m (down 84% from 3Q 2024). Profit margin: 0.8% (down from 4.6% in 3Q 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates. Revenue is forecast to grow 9.6% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Global Airlines industry. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Announcement • Sep 30
Controladora Vuela Compañía de Aviación, S.A.B. de C.V. to Report Q3, 2025 Results on Oct 27, 2025 Controladora Vuela Compañía de Aviación, S.A.B. de C.V. announced that they will report Q3, 2025 results After-Market on Oct 27, 2025 Major Estimate Revision • Aug 12
Consensus EPS estimates upgraded to US$0.088 loss The consensus outlook for fiscal year 2025 has been updated. 2025 losses forecast to reduce from -US$0.113 to -US$0.088 per share. Revenue forecast steady at US$3.02b. Airlines industry in Mexico expected to see average net income growth of 8.5% next year. Consensus price target broadly unchanged at Mex$16.15. Share price rose 4.7% to Mex$11.08 over the past week. Major Estimate Revision • Jul 23
Consensus EPS estimates fall by 32% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from US$3.10b to US$3.02b. Losses expected to increase from US$0.096 per share to US$0.13. Airlines industry in Mexico expected to see average net income growth of 8.6% next year. Consensus price target broadly unchanged at Mex$15.90. Share price rose 7.0% to Mex$9.37 over the past week. Reported Earnings • Jul 22
Second quarter 2025 earnings: EPS exceeds analyst expectations Second quarter 2025 results: US$0.055 loss per share (down from US$0.009 profit in 2Q 2024). Revenue: US$692.9m (down 4.6% from 2Q 2024). Net loss: US$62.8m (down US$73.3m from profit in 2Q 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 13%. Revenue is forecast to grow 9.9% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Global Airlines industry. Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. Announcement • Jul 22
Controladora Vuela Compañía de Aviación, S.A.B. de C.V. Provides Operating Guidance for the Third Quarter and Full Year of 2025 Controladora Vuela Compañía de Aviación, S.A.B. de C.V. provided operating guidance for the third quarter and full year of 2025. For the quarter, the company expects available seat miles (ASM) growth of ~6% year on year, TRASM of $8.6 cents and CASM ex fuel of $5.5 cents.
For the year, the company expects available seat miles (ASM) growth of ~7% year on year against previous guidance of 8% to 9%. Announcement • Jul 01
Controladora Vuela Compañía de Aviación, S.A.B. de C.V. to Report Q2, 2025 Results on Jul 21, 2025 Controladora Vuela Compañía de Aviación, S.A.B. de C.V. announced that they will report Q2, 2025 results After-Market on Jul 21, 2025 Major Estimate Revision • May 23
Consensus EPS estimates fall by 70% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from US$3.10b to US$3.02b. Losses expected to increase from US$0.055 per share to US$0.093. Airlines industry in Mexico expected to see average net income growth of 6.8% next year. Consensus price target down from Mex$18.84 to Mex$16.39. Share price was steady at Mex$8.63 over the past week. Major Estimate Revision • May 16
Consensus EPS estimates fall by 32% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from US$3.14b to US$3.10b. Losses expected to increase from US$0.041 per share to US$0.054. Airlines industry in Mexico expected to see average net income growth of 6.9% next year. Consensus price target down from Mex$21.96 to Mex$18.84. Share price rose 8.3% to Mex$8.52 over the past week. Price Target Changed • May 13
Price target decreased by 14% to Mex$18.84 Down from Mex$21.96, the current price target is an average from 8 analysts. New target price is 124% above last closing price of Mex$8.40. Stock is down 43% over the past year. The company is forecast to post a net loss per share of US$0.041 compared to earnings per share of US$0.11 last year. Price Target Changed • May 06
Price target decreased by 7.8% to Mex$20.46 Down from Mex$22.18, the current price target is an average from 8 analysts. New target price is 149% above last closing price of Mex$8.21. Stock is down 42% over the past year. The company is forecast to post a net loss per share of US$0.041 compared to earnings per share of US$0.11 last year. Valuation Update With 7 Day Price Move • May 06
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to Mex$8.32, the stock trades at a trailing P/E ratio of 11.6x. Average forward P/E is 8x in the Airlines industry globally. Total loss to shareholders of 69% over the past three years. Major Estimate Revision • May 05
Consensus EPS estimates have been downgraded. The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from US$3.42b to US$3.17b. Now expected to report a loss of US$0.041 per share instead of US$0.115 per share profit previously forecast. Airlines industry in Mexico expected to see average net income growth of 8.8% next year. Consensus price target broadly unchanged at Mex$21.96. Share price was steady at Mex$7.78 over the past week. Reported Earnings • Apr 28
First quarter 2025 earnings: Revenues miss analyst expectations First quarter 2025 results: Revenue: US$678.0m (down 12% from 1Q 2024). Net loss: US$51.0m (down 253% from profit in 1Q 2024). Revenue missed analyst estimates by 6.5%. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Global Airlines industry. Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has fallen by 37% per year, which means it is significantly lagging earnings. Announcement • Apr 28
Controladora Vuela Compañía de Aviación, S.A.B. De C.V. Provides Operating Guidance for the Second Quarter and Full Year of 2025 Controladora Vuela Compañía de Aviación, S.A.B. de C.V. provided operating guidance for the second quarter and full year of 2025. For the year, the company expects available seat miles (ASM) growth of 8% to 9% year on year.
For the quarter, the company expects available seat miles (ASM) growth of 9% to 10% year on year, TRASM of 7.4 cents to 7.5 cents and CASM ex fuel of 5.7 cents to 5.8 cents. Announcement • Apr 14
Controladora Vuela Compañía de Aviación, S.A.B. de C.V., Annual General Meeting, Apr 28, 2025 Controladora Vuela Compañía de Aviación, S.A.B. de C.V., Annual General Meeting, Apr 28, 2025. Location: avenida antonio dovali jaime no. 70, tower b, floor 13, colonia zedec santa fe, alcaldoia alvaro obregon, c.p. 01210, Mexico Announcement • Apr 09
Controladora Vuela Compañía de Aviación, S.A.B. de C.V. to Report Q1, 2025 Results on Apr 28, 2025 Controladora Vuela Compañía de Aviación, S.A.B. de C.V. announced that they will report Q1, 2025 results Pre-Market on Apr 28, 2025 Valuation Update With 7 Day Price Move • Mar 12
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to Mex$10.85, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 8x in the Airlines industry globally. Total loss to shareholders of 68% over the past three years. Major Estimate Revision • Mar 03
Consensus EPS estimates increase by 13% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from US$0.097 to US$0.109. Revenue forecast steady at US$3.34b. Net income forecast to shrink 59% next year vs 14% growth forecast for Airlines industry in Mexico . Consensus price target broadly unchanged at Mex$23.19. Share price fell 5.3% to Mex$13.32 over the past week. Reported Earnings • Feb 25
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: US$0.11 (up from US$0.007 in FY 2023). Revenue: US$3.14b (down 3.6% from FY 2023). Net income: US$126.0m (up US$118.2m from FY 2023). Profit margin: 4.0% (up from 0.2% in FY 2023). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 23%. Revenue is forecast to grow 9.2% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Global Airlines industry. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has fallen by 28% per year, which means it is significantly lagging earnings. Announcement • Feb 25
Controladora Vuela Compañía de Aviación, S.A.B. de C.V. Provides Operating Guidance for the First Quarter and Full Year 2025 Controladora Vuela Compañía de Aviación, S.A.B. de C.V. provided operating guidance for the first quarter and full year 2025. For the quarter, the company expects available seat miles (ASM) growth of 7% year on year.
For the full year, the company expects available seat miles (ASM) growth of 13% year on year. New Risk • Feb 24
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Mexican stocks, typically moving 4.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 12% per year for the foreseeable future. Minor Risk Share price has been volatile over the past 3 months (4.5% average weekly change). Valuation Update With 7 Day Price Move • Feb 24
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to Mex$14.03, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 9x in the Airlines industry globally. Total loss to shareholders of 64% over the past three years. Announcement • Feb 14
Ontario International Airport Records Its Biggest Single-Day Expansion of International Service as Volaris Adds 14 Weekly Flights Ontario International Airport's standing as Southern California's newest global gateway received another significant boost on Thursday when Volaris announced 14 weekly flights to three new destinations in Mexico, including daily service to Los Cabos. Volaris, which currently offers twice-daily service between ONT and Guadalajara (GDL), will add nonstop service to Los Cabos International Airport (SJD), León/Bajío International Airport (BJX) in Guanajuato, and Morelia International Airport (MLM) in Michoacan, to its Ontario lineup. The ONT-BJX service will be three times per week; ONT-MLM will be offered four times per week. The new ONT-SJD and ONT-BJX schedule will be effective July 4, 2025, while the new ONT-MLM route will begin July 5. Flight times and days of week are listed below. Together with the existing service to Guadalajara, Volaris will operate 28 weekly flights at ONT. The new flights will depart from Terminal 2 and arrive at the ONT International Arrivals Terminal, and will be operated with the Airbus A320 aircraft equipped with 186 seats. The announcement comes just weeks after ONT reported that the number of international travelers in 2024 was the highest in the airport's history, growing 5.1% to 438,896. Announcement • Feb 01
Controladora Vuela Compañía de Aviación, S.A.B. de C.V. to Report Q4, 2024 Results on Feb 24, 2025 Controladora Vuela Compañía de Aviación, S.A.B. de C.V. announced that they will report Q4, 2024 results Pre-Market on Feb 24, 2025 New Risk • Nov 24
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.8% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 40% per year for the foreseeable future. Minor Risk Shareholders have been diluted in the past year (3.8% increase in shares outstanding). Major Estimate Revision • Nov 03
Consensus EPS estimates increase by 16% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from US$0.081 to US$0.093. Revenue forecast steady at US$3.11b. Net income forecast to shrink 54% next year vs 10% growth forecast for Airlines industry in Mexico . Consensus price target broadly unchanged at Mex$22.63. Share price rose 4.9% to Mex$14.85 over the past week. Major Estimate Revision • Oct 29
Consensus EPS estimates fall by 13%, revenue upgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from US$2.93b to US$3.11b. EPS estimate fell from US$0.094 to US$0.081 per share. Net income forecast to shrink 54% next year vs 7.8% growth forecast for Airlines industry in Mexico . Consensus price target up from Mex$21.40 to Mex$22.34. Share price rose 4.1% to Mex$14.74 over the past week. Reported Earnings • Oct 24
Third quarter 2024 earnings: EPS and revenues exceed analyst expectations Third quarter 2024 results: EPS: US$0.032 (up from US$0.034 loss in 3Q 2023). Revenue: US$813.0m (down 4.1% from 3Q 2023). Net income: US$37.0m (up US$75.9m from 3Q 2023). Profit margin: 4.6% (up from net loss in 3Q 2023). The move to profitability was driven by lower expenses. Revenue exceeded analyst estimates by 3.2%. Earnings per share (EPS) also surpassed analyst estimates by 180%. Revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Global Airlines industry. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 27% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Oct 16
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to Mex$13.95, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 8x in the Airlines industry globally. Total loss to shareholders of 65% over the past three years. Price Target Changed • Oct 04
Price target decreased by 8.7% to Mex$19.53 Down from Mex$21.40, the current price target is an average from 6 analysts. New target price is 64% above last closing price of Mex$11.94. Stock is down 4.0% over the past year. The company is forecast to post earnings per share of US$0.073 for next year compared to US$0.0068 last year. Announcement • Oct 04
Controladora Vuela Compañía de Aviación, S.A.B. de C.V. to Report Q3, 2024 Results on Oct 22, 2024 Controladora Vuela Compañía de Aviación, S.A.B. de C.V. announced that they will report Q3, 2024 results After-Market on Oct 22, 2024 Major Estimate Revision • Jul 29
Consensus EPS estimates increase by 54% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from US$2.87b to US$3.07b. EPS estimate increased from US$0.067 to US$0.103 per share. Net income forecast to shrink 4.7% next year vs 2.5% growth forecast for Airlines industry in Mexico . Consensus price target down from Mex$21.21 to Mex$20.64. Share price rose 4.2% to Mex$11.84 over the past week. Reported Earnings • Jul 23
Second quarter 2024 earnings: EPS exceeds analyst expectations Second quarter 2024 results: EPS: US$0.009 (up from US$0.005 in 2Q 2023). Revenue: US$726.0m (down 7.1% from 2Q 2023). Net income: US$10.0m (up 81% from 2Q 2023). Profit margin: 1.4% (up from 0.7% in 2Q 2023). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 62%. Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Global Airlines industry. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has fallen by 36% per year, which means it is performing significantly worse than earnings. Announcement • Jul 23
Controladora Vuela Compañía de Aviación, S.A.B. de C.V. Provides Operating Guidance for the Third Quarter of 2024 and Revises Operating Guidance for the Full Year 2024 Controladora Vuela Compañía de Aviación, S.A.B. de C.V. provided operating guidance for the third quarter of 2014 and revised operating guidance for the full year 2024. For the quarter, the company expects available seat miles of 14% year on year and total revenue per available seat mile of $9.3 cents.
For the full year, the company expects available seat miles of 14% year on year compared to prior guidance of 16% to 18%. Announcement • Jul 04
Controladora Vuela Compañía de Aviación, S.A.B. de C.V. to Report Q2, 2024 Results on Jul 22, 2024 Controladora Vuela Compañía de Aviación, S.A.B. de C.V. announced that they will report Q2, 2024 results After-Market on Jul 22, 2024 Major Estimate Revision • May 10
Consensus EPS estimates increase by 75% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from US$0.04 to US$0.07. Revenue forecast steady at US$3.05b. Net income forecast to shrink 4.5% next year vs 12% growth forecast for Airlines industry in Mexico . Consensus price target of Mex$21.10 unchanged from last update. Share price was steady at Mex$14.20 over the past week. Major Estimate Revision • Apr 25
Consensus EPS estimates fall by 87%, revenue upgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from US$2.94b to US$2.99b. EPS estimate fell from US$0.122 to US$0.016 per share. Net income forecast to shrink 57% next year vs 1.4% decline forecast for Airlines industry in Mexico. Consensus price target of Mex$20.83 unchanged from last update. Share price rose 12% to Mex$14.31 over the past week. Reported Earnings • Apr 23
First quarter 2024 earnings: EPS and revenues exceed analyst expectations First quarter 2024 results: EPS: US$0.029 (up from US$0.062 loss in 1Q 2023). Revenue: US$768.0m (up 5.0% from 1Q 2023). Net income: US$33.0m (up US$103.9m from 1Q 2023). Profit margin: 4.3% (up from net loss in 1Q 2023). The move to profitability was primarily driven by lower expenses. Revenue exceeded analyst estimates by 12%. Earnings per share (EPS) also surpassed analyst estimates. Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Global Airlines industry. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 26% per year, which means it is significantly lagging earnings. Announcement • Apr 09
Controladora Vuela Compañía de Aviación, S.A.B. de C.V. to Report Q1, 2024 Results on Apr 22, 2024 Controladora Vuela Compañía de Aviación, S.A.B. de C.V. announced that they will report Q1, 2024 results After-Market on Apr 22, 2024 Announcement • Apr 04
Controladora Vuela Compañía de Aviación, S.A.B. de C.V., Annual General Meeting, Apr 19, 2024 Controladora Vuela Compañía de Aviación, S.A.B. de C.V., Annual General Meeting, Apr 19, 2024, at 10:30 Central Standard Time. Location: Avenida Antonio Dovalí Jaime No. 70, Tower B, Floor 13 Colonia Zedec Santa Fe, Alcaldía Álvaro Obregón, C.P. 01210 Mexico Mexico Agenda: To Resolutions regarding the allocation of the results for the fiscal year ended on December 31, 2023; to Appointment and/or ratification, if applicable, of the Chairman of the Corporate Governance Committee of the Company; to Resolutions on the compensation to the members of the Board of Directors, of the Audit Committee, of the Corporate Governance Committee, as well as to the secretary of the Board of Directors and to the Committees of the Company; to Presentation and, if applicable, approval of the report on compliance with the Company's tax obligations, in compliance of the applicable legal provisions; and to discuss other matters. Major Estimate Revision • Mar 15
Consensus EPS estimates increase by 88% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from US$0.109 to US$0.204. Revenue forecast steady at US$3.01b. Net income forecast to grow 1,040% next year vs 8.8% growth forecast for Airlines industry in Mexico. Consensus price target of Mex$20.83 unchanged from last update. Share price fell 4.0% to Mex$11.90 over the past week. Major Estimate Revision • Mar 04
Consensus EPS estimates increase from loss to US$0.20 profit The consensus outlook for fiscal year 2024 has been updated. 2024 forecast for profit of -US$0.011 instead of a loss of US$0.20 per share previously. Revenue forecast unchanged at US$2.94b. Airlines industry in Mexico expected to see average net income growth of 5.2% next year. Consensus price target of Mex$21.54 unchanged from last update. Share price was steady at Mex$12.37 over the past week. Reported Earnings • Feb 28
Full year 2023 earnings: EPS exceeds analyst expectations Full year 2023 results: EPS: US$0.007 (up from US$0.069 loss in FY 2022). Revenue: US$3.26b (up 14% from FY 2022). Net income: US$8.00m (up US$88.2m from FY 2022). Profit margin: 0.2% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Available seat kilometres (ASK): 62.59b (up 10% from FY 2022). Passenger load factor: 86.0% (no change from 86.0% in FY 2022). Total aircraft: 129 (up by 12 from FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) exceeded analyst estimates. Revenue is forecast to stay flat during the next 2 years compared to a 9.3% growth forecast for the Global Airlines industry. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 28% per year, which means it is significantly lagging earnings. Price Target Changed • Feb 04
Price target decreased by 9.8% to Mex$21.54 Down from Mex$23.87, the current price target is an average from 7 analysts. New target price is 55% above last closing price of Mex$13.86. Stock is down 36% over the past year. The company is forecast to post a net loss per share of US$0.078 next year compared to a net loss per share of US$0.069 last year. Price Target Changed • Jan 26
Price target decreased by 7.8% to Mex$23.40 Down from Mex$25.39, the current price target is an average from 7 analysts. New target price is 68% above last closing price of Mex$13.94. Stock is down 33% over the past year. The company is forecast to post a net loss per share of US$0.078 next year compared to a net loss per share of US$0.069 last year. Announcement • Jan 26
Controladora Vuela Compañía de Aviación, S.A.B. de C.V. to Report Q4, 2023 Results on Feb 26, 2024 Controladora Vuela Compañía de Aviación, S.A.B. de C.V. announced that they will report Q4, 2023 results After-Market on Feb 26, 2024 Major Estimate Revision • Jan 13
Consensus EPS estimates fall by 40% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from US$3.37b to US$3.31b. Losses expected to increase from US$0.055 per share to US$0.078. Airlines industry in Mexico expected to see average net income growth of 0.2% next year. Consensus price target down from Mex$25.39 to Mex$23.87. Share price fell 3.4% to Mex$14.34 over the past week. Price Target Changed • Jan 09
Price target decreased by 13% to Mex$23.59 Down from Mex$27.18, the current price target is an average from 7 analysts. New target price is 54% above last closing price of Mex$15.34. Stock is down 21% over the past year. The company is forecast to post a net loss per share of US$0.077 next year compared to a net loss per share of US$0.069 last year. Major Estimate Revision • Dec 08
Consensus EPS estimates fall by 43% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from US$3.32b to US$3.28b. Losses expected to increase from US$0.038 per share to US$0.054. Airlines industry in Mexico expected to see average net income growth of 0.7% next year. Consensus price target of Mex$25.39 unchanged from last update. Share price rose 6.4% to Mex$14.56 over the past week. Price Target Changed • Nov 03
Price target decreased by 9.0% to Mex$25.65 Down from Mex$28.19, the current price target is an average from 8 analysts. New target price is 150% above last closing price of Mex$10.27. Stock is down 39% over the past year. The company is forecast to post a net loss per share of US$0.038 next year compared to a net loss per share of US$0.069 last year. Reported Earnings • Oct 26
Third quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2023 results: US$0.033 loss per share (down from US$0.034 profit in 3Q 2022). Revenue: US$848.0m (up 10% from 3Q 2022). Net loss: US$39.0m (down 198% from profit in 3Q 2022). Revenue exceeded analyst estimates by 3.1%. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Global Airlines industry. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Announcement • Oct 11
Controladora Vuela Compañía De Aviación, S.A.B. De C.V. Revises Earnings Guidance for the Year 2023 Controladora Vuela Compañía de Aviación, S.A.B. de C.V. revised earnings guidance for the year 2023. For the year 2023, the company revised total operating revenues to be ~$3.2 billion compared to previous guidance of $3.2 to $3.4 billion. Announcement • Oct 05
Controladora Vuela Compañía de Aviación, S.A.B. de C.V. to Report Q3, 2023 Results on Oct 23, 2023 Controladora Vuela Compañía de Aviación, S.A.B. de C.V. announced that they will report Q3, 2023 results After-Market on Oct 23, 2023 Price Target Changed • Sep 27
Price target decreased by 11% to Mex$29.63 Down from Mex$33.30, the current price target is an average from 8 analysts. New target price is 141% above last closing price of Mex$12.29. Stock is down 21% over the past year. The company is forecast to post a net loss per share of US$0.02 next year compared to a net loss per share of US$0.069 last year. 
