Controladora Vuela Compañía de Aviación, S.A.B. de C.V. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
October 24, 2022 at 08:12 pm EDT
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Controladora Vuela Compañía de Aviación, S.A.B. de C.V. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported revenue was USD 769 million compared to USD 640 million a year ago. Net income was USD 40 million compared to USD 76 million a year ago. Basic earnings per share from continuing operations was USD 0.03 compared to USD 0.06 a year ago. Diluted earnings per share from continuing operations was USD 0.03 compared to USD 0.06 a year ago.
For the nine months, revenue was USD 2,027 million compared to USD 1,529 million a year ago. Net loss was USD 58 million compared to net income of USD 116 million a year ago. Basic loss per share from continuing operations was USD 0.05 compared to basic earnings per share from continuing operations of USD 0.1 a year ago. Diluted loss per share from continuing operations was USD 0.05 compared to diluted earnings per share from continuing operations of USD 0.1 a year ago.
Controladora Vuela Compania de Aviacion SAB de CV is a Mexico-based company engaged in the airline passenger transportation sector. The Company operates as an ultra-low-cost carrier (ULCC). Its activities are divided into two geographical regions: Mexico (national operations), as well as the Unites States and Central America (international operations). The Company offers direct, point-to-point flights. The Company serves through secondary, lower cost airports and provides a single class of service. Its fleet includes a number of Airbus aircrafts, such as A319, A320 and A321. The Company operates through Comercializadora Volaris SA de CV, Servicios Corporativos Volaris SA de CV and Servicios Operativos Terrestres Volaris SA de CV, among others.
CONTROLADORA VUELA COMPAÑÍA DE AVIACIÓN, S.A.B. DE C.V. 
