Volaris Highlights Strategic Vision and Growth Avenues at 2022 Investor Day.
Highlights:
* Well Positioned to Benefit from Strong Macro Tailwinds and Market Leadership
* Significant Expansion Opportunities in
* Additional Expected Upside from Likely Category 1 Upgrade
* Young, Fuel-efficient Fleet with Best-in-Class Aircraft Utilization
* Strong Financial Profile; Committed to Doubling Revenue, EBITDAR, and Free Cash Flow Generation Over Next Three
* Years Versus Pre-Pandemic Levels
* Company to Host Investor Day at the New York Stock Exchange Today at
'The plans we will present today demonstrate how we will aim to leverage Volaris' strengths and unique ultra-low-cost business model to deliver superior returns to shareholders over the long term,' said
Beltranena continued, '
At today's event, Volaris will highlight the following:
Low-cost leadership: As one of the lowest cost operators in the world, Volaris leverages its ultra-low-cost business model with the goal of creating a virtuous cycle for profitable growth. Volaris has one of the youngest and most efficient fleets in the
High growth opportunities:
Market and profitability leadership: Consistently among the most profitable airlines in the
Financial strength: Volaris' disciplined approach to containing controllable costs has enabled the Company to maintain a competitive advantage against peers, with the ability to flex up or down as necessary based on demand and operating environment. As a result, Volaris today has a strong and flexible balance sheet and an attractive financial debt profile, and current levels of liquidity are more than sufficient to cover near-term debt maturities.
Medium-Term Financial Goals
Over the next three years, Volaris aims to double its revenue, EBITDAR, and free cash flow generation versus pre-pandemic levels (2019).
Webcast Replay
To access a replay of today's Investor Day presentations and slides presented, visit Volaris' Investor Relations website at https://ir.volaris.com/ under Events & presentations.
About Volaris:
Controladora Vuela Compania de Aviacion,
This press release was prepared by Controladora Vuela Compania de Aviacion,
This press release does not constitute or form part of any offer or invitation for sale or subscription of or solicitation or invitation of any offer to buy or subscribe for any securities, nor shall it or any part of it form the basis of or be relied on in connection with any contract or commitment whatsoever. Recipients of this press release are not to construe the contents of this press release as legal, tax or investment advice and should consult their own advisers in this regard.
Cautionary Statement Regarding Forward-Looking Statements and Information
Statements in this press release contain various forward-looking statements within the meaning of Section 27A of the US Securities Act of 1933, as amended, and Section 21E of the US Securities Exchange Act of 1934, as amended, which represent the Company's expectations, beliefs or projections concerning future events and financial trends affecting the financial condition of our business. When used in this release, the words 'expects,' 'intends,' 'estimates,' 'predicts,' 'plans,' 'anticipates,' 'indicates,' 'believes,' 'forecast,' 'guidance,' 'potential,' 'outlook,' 'may,' 'continue,' 'will,' 'should,' 'seeks,' 'targets' and similar expressions are intended to identify forward-looking statements. Similarly, statements that describe the Company's objectives, plans or goals, or actions the Company may take in the future, are forward-looking statements. Forward-looking statements include, without limitation, statements regarding the Company's intentions and expectations regarding the delivery schedule of aircraft on order, potential new service routes, the Company's ability to drive Mexican domestic demand growth and predict future fleet ownership costs and customer savings programs. Forward-looking statements should not be read as a guarantee or assurance of future performance or results and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved. Forward-looking statements are based on information available at the time those statements are made and/or management's good faith belief as of that time with respect to future events and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements. Forward-looking statements are subject to several factors that could cause the Company's actual results to differ materially from the Company's expectations, including the competitive environment in the airline industry; the Company's ability to keep costs low; changes in fuel costs; the impact of worldwide economic conditions on customer travel behavior; the Company's ability to generate non-ticket revenue; and government regulation. Additional information concerning these and other factors is contained in the Company's
Non-IFRS Financial Measures
In addition to financial information prepared in accordance with the International Financial Reporting Standards ('IFRS'), this press release includes certain non-IFRS financial measures, including EBITDAR and EBITDAR margin. We believe non-IFRS financial measures are useful indicators of our operating performance. We believe the non-IFRS numbers provided are well recognized performance measurements in the airline industry that are frequently used by our management, as well as by investors, securities analysts and other interested parties in comparing the operating performance of companies in our industry. Reconciliations of such information to the most directly comparable IFRS financial measures are included in the Appendix to the Investor Day presentations and slides, which can be accessed as described above. The non-IFRS measures have limitations and may not be comparable across all carriers, and you should not consider them in isolation or as a substitute for our IFRS financial information.
Statistical Data, Estimates and Forecasts
This press release contains statistical data, estimates and forecasts that are based on independent publications or other publicly available information, as well as other information based on our internal sources. This information involves many assumptions and limitations, and you are cautioned not to give undue weight to these estimates. We have not independently verified the accuracy or completeness of the data contained in these industry publications and other publicly available information. Accordingly, we make no representations as to the accuracy or completeness of that data nor do we undertake to update such data after the date of this press release.
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