Volaris reports record third quarter 2015

Volaris, the Mexican, ultra-low-cost airline reported its financial results for the third quarter 2015. Total operating revenues were Ps.5,220m for the third quarter, an increase of 30.7% year over year. Total operating revenue per available seat mile (TRASM) rose to Ps.134.4 cents for the third quarter, an increase of 5.4% year over year. Operating expenses per available seat mile (CASM) were Ps.106.6 cents for the third quarter, a decrease of 8.1% year over year. Adjusted EBITDAR was Ps.2,121m for the third quarter, an increase of 95.5% year over year with an Adjusted EBITDAR margin of 40.6%, a margin expansion of 13.4 percentage points. Operating income was Ps.1,080m for the third quarter, with an operating margin of 20.7%, a year over year operating margin improvement of 11.7 percentage points. Net income was Ps.1,152m with a net margin of 22.1% for the third quarter, a year over year net margin improvement of 13.4% percentage points.