Volaris Reports Solid Fourth Quarter 2014 Margin Expansion, Reaching Adjusted EBITDAR Margin of 31% and Operating Margin of 11%

February 25, 2015

MEXICO CITY, Feb. 25, 2015 /PRNewswire/ -- Volaris* (NYSE: VLRS and BMV: VOLAR), the ultra-low-cost airline serving Mexico and the United States, today announced its financial results for the fourth quarter and full year 2014.

The following financial information, unless otherwise indicated, is presented in accordance with International Financial Reporting Standards (IFRS).

Fourth Quarter and Full Year 2014 Highlights

  • Total operating revenues were Ps.3,958 million and Ps.14,037 million for the fourth quarter and full year, respectively, an increase of 24.3% and 8.0% year over year, respectively.
  • Non-ticket revenues increased 81.2% and 45.0% for the fourth quarter and full year, year over year, respectively. Non-ticket revenue per passenger increased 60.7% and 32.2%, reaching Ps.313 and Ps.279 (US$21 and US$19), for the fourth quarter and full year, respectively.
  • Total operating revenue per available seat mile (TRASM) increased to Ps.130.5 cents and Ps.118.7 cents for the fourth quarter and full year, respectively, an increase of 20.7% and a decrease of 0.5% year over year, respectively.
  • Operating expenses per available seat mile (CASM) increased 1.5% and 0.5% for the fourth quarter and full year, year over year, respectively, reaching Ps.116.4 cents and Ps.116.9 cents (US$7.9 cents and US$7.9 cents). CASM expressed in US cents decreased 9.9% and 10.7% for the fourth quarter and full year, year over year, respectively. CASM excluding fuel expressed in US dollars reached US$4.9 cents for the full year 2014.
  • Adjusted EBITDAR for the fourth quarter was Ps.1,239 million, a 156.1% increase year over year with an Adjusted EBITDAR margin of 31.3%, a margin increase of 16.1 percentage points. Adjusted EBITDAR for the full year was Ps.3,081 million, a 9.8% increase year over year with an Adjusted EBITDAR margin of 22.0%, a margin increase of 0.4 percentage points.
  • EBIT reached Ps.426 million with an operating margin of 10.8% for the fourth quarter, a margin improvement of 17.0 percentage points. EBIT reached Ps.204 million with an operating margin of 1.5% for the full year, a margin decrease of 0.9 percentage points.
  • Net income reached Ps.703 million (Ps.0.69 per share / US$0.47 per ADS) and net margin of 17.8% for the fourth quarter, a net margin improvement of 20.9 percentage points. Net income reached Ps.605 million (Ps.0.60 per share / US$0.41 per ADS) and net margin of 4.3% for the full year, a net margin improvement of 2.3 percentage points.
  • During the fourth quarter the net increase of cash and cash equivalents was Ps.342 million mainly driven by the resources provided by operating activities of Ps.470 million. Unrestricted cash and cash equivalents was Ps.2,265 million, representing 16% of last twelve month revenues.

Volaris CEO Enrique Beltranena commented: "The network adjustments and non-ticket revenue growth strategy together with a continuous focus on cost control produced fourth quarter adjusted EBITDAR, operating, and net margin expansions. We continue to see improvement in the market environment as industry capacity discipline drives a stronger fare environment. We also foresee potential benefits in 2015 from lower fuel costs and the continuation of non-ticket revenue growth".

Improving Macroeconomic Environment

  • The Mexican macroeconomic environment:
    • GDP growth for the full year 2014 was 2.1%.
    • Consumer confidence increased 4.7% and 4.3% year over year in November and December of 2014, respectively.
    • The Mexican General Economic Activity Indicator (IGAE) increased 2.04% in November of 2014 compared to the same period in 2013.
  • Exchange rate volatility: The Mexican peso depreciated 6.2% year over year against the US dollar, as the exchange rate devalued from an average of Ps.13.03 pesos per US dollar in the fourth quarter of 2013 to Ps.13.84 pesos per US dollar during the fourth quarter of 2014.
  • Lower fuel prices: The average economic fuel cost per gallon decreased 10.4% year over year in the fourth quarter of 2014, reaching Ps.35.6 (US$2.4) per gallon.

Volaris Continuous Focus on Capacity Management Results in Unit Revenue Improvement

  • Unit revenue improvement and capacity management: TRASM and yield increased 20.7% and 6.5% for the fourth quarter year over year, respectively, as a result of a strong international revenue environment and recovering domestic market pricing conditions. Domestic capacity decreased 0.7%, reflecting capacity discipline and supporting yield recovery, while international capacity increased 14.0%, responding to a stronger fare environment.
  • Non-ticket revenues growth: Non-ticket revenues excluding cargo per passenger increased 85.6% year over year for the fourth quarter. Our innovative revenue management techniques allow us to maximize revenue and our smart buyers are clearly understanding our business model by purchasing ancillaries early in the travel process. For example, we implemented ancillary bundles and new travel related products in the booking process.
  • Air traffic volume increase: The Mexican Direccion General de Aeronautica Civil (DGAC) reported an overall passenger increase for Mexican carriers of 9.0% for 2014 and Volaris market share among Mexican carriers remained at 23.0% in both domestic and international markets, the second largest among them.
  • New routes launch: In the fourth quarter only, Volaris opened 18 routes (nine domestic and nine international), focusing on our VFR customer base, both in the domestic and the Mexico-US market. During 2014, Volaris opened 36 new point-to-point routes (24 domestic and 12 international).

Fourth Quarter Operating Revenues: Managing Capacity for Profitability Leading to Solid Revenue Indicators

Volaris booked 2.6 million passengers in the fourth quarter 2014, a 12.7% year over year growth rate. Volaris traffic (measured in terms of revenue passenger miles, or RPMs) increased 7.9%.

Volaris' total operating revenues were Ps.3,958 million, an increase of 24.3% year over year. Yield increased 6.5% year over year.

During the fourth quarter 2014, our non-ticket revenues and non-ticket revenue per passenger reached Ps.818 million and Ps.313 (US$21), respectively. Non-ticket revenues per passenger increased 60.7%.

Passenger revenue per available seat mile (RASM) increased 11.6%, and total operating revenue per available seat mile (TRASM) was 20.7% higher, as a result of an improving fare environment and stronger non-ticket revenues.

Maintaining Cost Discipline: Early Tailwinds from Fuel Savings, Despite Exchange Rate Impact on Unit Costs

CASM for the fourth quarter 2014 was Ps.116.4 cents (US$7.9 cents), a 1.5% increase compared to the fourth quarter of 2013, driven by a higher average exchange rate during the quarter and lower capacity growth reflecting capacity discipline. On a US dollar basis, our CASM in the fourth quarter decreased 9.9% compared to the same period in 2013. CASM excluding fuel expressed in US dollars reached US$4.9 cents for the full year 2014.

As a result of our expanding operations into the US, our revenues denominated in US dollars in the fourth quarter reached 29%, continuing to build a natural hedge from the exchange rate perspective.

In the fourth quarter Volaris experienced pressures in US dollar denominated costs such as aircraft rents, international airport costs, and maintenance expenses. However, Volaris managed to offset most of these increases with efficiencies in salaries and benefits costs and landing, take-off and navigation expenses.

Young and Fuel Efficient Fleet

As of December 31, 2014, the Company´s fleet was comprised of 50 aircraft (32 A320s and 18 A319s), with an average age of 4 years. We expect to end 2015 with 55 aircraft, including our first two A321s in the second quarter of 2015. Volaris closed 2014 with the largest narrow body fleet among Mexican airlines.

Positive Cash Flow Generation, Strong Balance Sheet and Good Liquidity

During the fourth quarter the net increase of cash and cash equivalents was Ps.342 million mainly driven by the resources provided by operating activities of Ps.470 million.

As of December 31, 2014, Volaris had Ps.2,265 million in unrestricted cash and cash equivalents, representing 16% of last twelve month revenues. The Company recorded negative net debt (or a positive net cash position) of Ps.1,017 million and total equity was Ps.4,470 million.

During the fourth quarter 2014, Volaris incurred capital expenditures of Ps.372 million, which included pre-delivery payments for future deliveries of aircraft net of refunds of Ps.189 million and acquisitions of rotable spare parts, furniture and equipment of Ps.183 million.

Active in Fuel Risk Management

Volaris has continued to remain active in its fuel risk management program with a combination of financial instruments including Jet Fuel swaps and purchase of call options. In the fourth quarter Volaris hedged 26% of fuel consumption at an average price of US$2.80 per gallon and combined with the 74% unhedged consumption resulted in a blended average economic fuel cost of US $2.42 per gallon.

Investors are urged to carefully read the Company's periodic reports filed with or furnished to the Securities and Exchange Commission, for additional information regarding the Company.

Conference Call/Webcast Details:

Volaris will conduct a conference call to discuss these results on February 26, 2015, at 11:00 a.m. EST. A live audio webcast of the conference call will be available to the public on a listen-only basis at http://ir.volaris.com  

About Volaris:

Controladora Vuela Compania de Aviacion, S.A.B. de C.V. ("Volaris" or the "Company") (NYSE: VLRS and BMV: VOLAR), is an ultra-low-cost carrier (ULCC), with point-to-point operations, serving Mexico and the United States. Volaris offers low base fares to build its market, providing quality service and extensive customer choice. Since beginning operations in March 2006, Volaris has increased its routes from five to more than 130 and its fleet from four to 51 aircraft. Volaris offers more than 235 daily flight segments on routes that connect 38 cities in Mexico and 19 cities in the United States with the youngest aircraft fleet in Mexico. Volaris targets passengers who are visiting friends and relatives, cost-conscious business people and leisure travelers in Mexico and to select destinations in the United States. Volaris has received the ESR Award for Social Corporate Responsibility for five consecutive years.

For more information, please visit: www.volaris.com

Forward-looking Statements:

Statements in this release contain various forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which represent the Company's expectations or beliefs concerning future events. When used in this release, the words "expects," "estimates," "plans," "anticipates," "indicates," "believes," "forecast," "guidance," "outlook," "may," "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, announced new service routes and customer savings programs. All forward-looking statements in this release are based upon information available to the Company on the date of this release. The Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise. Forward-looking statements are subject to a number of 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 revenues; and government regulation. Additional information concerning these and other factors is contained in the Company's Securities and Exchange Commission filings.

 

Controladora Vuela Compania de Aviacion, S.A.B. de C.V. and Subsidiaries

Financial and Operating Indicators


Unaudited
(In Mexican pesos, except otherwise indicated)

Three months
ended December 31,
2014
(US Dollars)*

Three months
ended December 31,
2014

Three months

ended

December 31,
2013

Variance
(%)

Total operating revenues (millions)

269

3,958

3,184

24.3%

Total operating expenses (millions)

240

3,532

3,381

4.5%

EBIT (millions)

29

426

(197)

NA

EBIT margin

10.8%

10.8%

(6.2%)

17.0 pp

Adjusted EBITDA (millions)

38

564

(111)

NA

Adjusted EBITDA margin

14.2%

14.2%

(3.5%)

17.7 pp

Adjusted EBITDAR (millions)

84

1,239

484

>100%

Adjusted EBITDAR margin

31.3%

31.3%

15.2%

16.1 pp

Net  income (loss) (millions)

48

703

(97)

NA

Net margin

17.8%

17.8%

(3.1%)

20.9 pp

Earnings per share:





Basic

0.05

0.69

(0.10)

NA

Diluted

0.05

0.69

(0.10)

NA

Earnings per ADS:





Basic

0.47

6.95

(0.96)

NA

Diluted

0.47

6.95

(0.96)

NA

Weighted average shares outstanding:





Basic

-

1,011,876,677

1,011,876,677

0.0%

Diluted

-

1,011,876,677

1,011,876,677

0.0%

Available seat miles (ASMs) (millions)

-

3,033

2,946

3.0%

    Domestic

-

2,191

2,207

(0.7%)

    International

-

842

739

14.0%

Revenue passenger miles (RPMs) (millions)

-

2,512

2,329

7.9%

    Domestic

-

1,824

1,760

3.7%

    International

-

688

569

20.9%

Load factor

-

82.8%

79.1%

3.7 pp

    Domestic

-

83.3%

79.7%

3.6 pp

    International

-

81.7%

77.0%

4.7 pp

Total operating revenue per ASM (TRASM) (cents)

8.9

130.5

108.1

20.7%

Passenger revenue per ASM (RASM) (cents)

7.0

103.5

92.8

11.6%

Passenger revenue per RPM (Yield) (cents)

8.5

125.0

117.3

6.5%

Average fare

81.5

1,200

1,177

2.0%

Non-ticket revenue per passenger

21.2

313

195

60.7%

Non-ticket revenue excluding cargo per passenger

19.9

293

158

85.6%

Operating expenses per ASM (CASM) (cents)

7.9

116.4

114.8

1.5%

Operating expenses per ASM (CASM) ( US cents)

-

7.9

8.8**

(9.9%)

CASM ex fuel (cents)

5.1

74.4

68.3

9.0%

CASM ex fuel (US cents)

-

5.1

5.2**

(3.2%)

Booked passengers (thousands)

-

2,617

2,321

12.7%

Departures

-

19,476

18,274

6.6%

Block hours

-

50,519

48,966

3.2%

Fuel gallons consumed (millions)

-

35.8

34.5

3.9%

Average economic fuel cost per gallon

2.4

35.6

39.8

(10.4%)

Aircraft at end of period

-

50

44

13.6%

Average aircraft utilization (block hours)

-

12.4

12.9

(4.3)

Average exchange rate

-

13.84

13.03

6.2%

*Convenience translation to period-end U.S. dollars (Ps.14.7180). **Convenience translation to period-end U.S. dollars (Ps.13.0765)

 

Controladora Vuela Compania de Aviacion, S.A.B. de C.V. and Subsidiaries

Financial and Operating Indicators


Unaudited
(In Mexican pesos, except otherwise indicated)

Year Ended
December 31,
2014
(US Dollars)*

Year Ended
December 31,
2014

Year Ended

December 31,

2013

Variance
(%)

Total operating revenues (millions)

954

14,037

13,002

8.0%

Total operating expenses (millions)

940

13,833

12,685

9.0%

EBIT (millions)

14

204

317

(35.7%)

EBIT margin

1.5%

1.5%

2.4%

(0.9) pp

Adjusted EBITDA (millions)

37

547

619

(11.7%)

Adjusted EBITDA margin

3.9%

3.9%

4.8%

(0.9) pp

Adjusted EBITDAR (millions)

209

3,081

2,806

9.8%

Adjusted EBITDAR margin

22.0%

22.0%

21.6%

0.4 pp

Net income (millions)

41

605

265

>100%

Net margin

4.3%

4.3%

2.0%

2.3 pp

Earnings per share:





Basic

0.04

0.60

0.31

92.7%

Diluted

0.04

0.60

0.31

92.7%

Earnings per ADS:





Basic

0.41

5.98

3.10

92.7%

Diluted

0.41

5.98

3.10

92.7%

Weighted average shares outstanding:





Basic

-

1,011,876,677

865,579,397

16.9%

Diluted

-

1,011,876,677

865,579,397

16.9%

Available seat miles (ASMs) (millions)

-

11,830

10,899

8.5%

    Domestic

-

8,749

8,270

5.8%

    International

-

3,081

2,629

17.2%

Revenue passenger miles (RPMs) (millions)

-

9,723

9,003

8.0%

    Domestic

-

7,128

6,801

4.8%

    International

-

2,595

2,202

17.8%

Load factor

-

82.2%

82.6%

(0.4) pp

    Domestic

-

81.5%

82.2%

(0.7) pp

    International

-

84.2%

83.8%

0.4 pp

Total operating revenue per ASM (TRASM) (cents)

8.1

118.7

119.3

(0.5%)

Passenger revenue per ASM (RASM) (cents)

6.5

95.5

102.0

(6.3%)

Passenger revenue per RPM (Yield) (cents)

7.9

116.3

123.5

(5.9%)

Average fare

78.3

1,152

1,243

(7.3%)

Non-ticket revenue per passenger

18.9

279

211

32.2%

Non-ticket revenue excluding cargo per passenger

17.4

256

170

50.3%

Operating expenses per ASM (CASM) (cents)

7.9

116.9

116.4

0.5%

Operating expenses per ASM (CASM) (US cents)

-

7.9

8.9**

(10.7%)

CASM ex fuel (cents)

4.9

71.6

69.7

2.7%

CASM ex fuel (US cents)

-

4.9

5.3**

(8.8%)

Booked passengers (thousands)

-

9,809

8,942

9.7%

Departures

-

74,659

68,716

8.6%

Block hours

-

196,467

183,211

7.2%

Fuel gallons consumed (millions)

-

138.5

129.1

7.3%

Average economic fuel cost per gallon

2.6

38.7

39.4

(1.7%)

Aircraft at end of period

-

50

44

13.6%

Average aircraft utilization (block hours)

-

12.4

12.5

(0.3)

Average exchange rate

-

13.30

12.77

4.2%

*Convenience translation to period-end U.S. dollars (Ps.14.7180). **Convenience translation to period-end U.S. dollars (Ps.13.0765)

 

Controladora Vuela Compania de Aviacion, S.A.B. de C.V. and Subsidiaries

Consolidated Statement of Operations


Unaudited
(In millions of Mexican pesos)

Three months
ended
December 31,
2014
(US Dollars)*

Three months
ended
December 31,
2014

Three months

ended

December 31,

2013

Variance
 (%)

Operating revenues:





Passenger

213

3,140

2,732

14.9%

Non-ticket

56

818

452

81.2%


269

3,958

3,184

24.3%






Other operating income

(1)

(13)

(79)

(83.2%)

Fuel

87

1,276

1,370

(6.8%)

Aircraft and engine rent expense

46

675

595

13.5%

Landing, take-off and navigation expenses

33

488

507

(3.7%)

Salaries and benefits

27

402

420

(4.1%)

Sales, marketing and distribution expenses

15

227

179

26.9%

Maintenance expenses

13

192

142

34.8%

Other operating expenses

10

148

161

(8.6%)

Depreciation and amortization

9

138

86

60.7%

Operating expenses

240

3,532

3,381

4.5%






Operating income (loss)

29

426

(197)

NA






Finance income

-

6

5

22.5%

Finance cost

(1)

(9)

(5)

69.6%

Exchange gain, net

23

336

21

>100%

Comprehensive financing result

23

334

21

>100%






Income (loss) before income tax

52

760

(176)

NA

Income tax (expense) benefit

(4)

(57)

79

NA

Net income (loss)

48

703

(97)

NA






Attribution of net income (loss)





Equity holders of the parent

48

703

(97)

NA

Non-controlling interest

-

-

-


Net income (loss)

48

703

(97)

NA

*Convenience translation to period-end U.S. dollars (Ps.14.7180)

 

Controladora Vuela Compania de Aviacion, S.A.B. de C.V. and Subsidiaries

Consolidated Statement of Operations


Unaudited
(In millions of Mexican pesos)

Year Ended
December 31,
2014
(US Dollars)*

Year Ended
December 31,
2014

Year Ended

December 31,

2013

Variance
 (%)

Operating revenues:





Passenger

768

11,303

11,117

1.7%

Non-ticket

186

2,733

1,885

45.0%


954

14,037

13,002

8.0%






Other operating income

(2)

(22)

(111)

(80.1%)

Fuel

364

5,364

5,086

5.5%

Aircraft and engine rent expense

172

2,535

2,187

15.9%

Landing, take-off and navigation expenses

140

2,066

1,924

7.4%

Salaries and benefits

107

1,577

1,563

0.8%

Sales, marketing and distribution expenses

56

817

704

16.1%

Maintenance expenses

45

665

572

16.2%

Other operating expenses

33

490

459

6.9%

Depreciation and amortization

23

343

302

13.6%

Operating expenses

940

13,833

12,685

9.0%






Operating income

14

204

317

(35.7%)






Finance income

2

23

25

(5.3%)

Finance cost

(2)

(32)

(126)

(74.3%)

Exchange gain, net

30

449

66

>100%

Comprehensive financing result

30

440

(35)

NA






Income before income tax

44

644

283

>100%

Income tax expense

(3)

(39)

(18)

>100%

Net income

41

605

265

>100%






Attribution of net income:





Equity holders of the parent

41

605

269

>100%

Non-controlling interest

-

-

(3)

NA

Net income

41

605

265

>100%

*Convenience translation to period-end U.S. dollars (Ps.14.7180)

 

Controladora Vuela Compania de Aviacion, S.A.B. de C.V. and Subsidiaries

Consolidated Statement of Financial Position


(In millions of Mexican pesos)

December 31,
2014 Unaudited

December 31,
2014 Unaudited

December 31,
2013 Audited

(US Dollars)*

Assets




Cash and cash equivalents

154

2,265

2,451

Accounts receivable

30

449

602

Inventories

9

140

114

Prepaid expenses and other current assets

15

228

323

Financial instruments

4

63

11

Guarantee deposits

37

545

499

Total current assets

251

3,689

4,000

Rotable spare parts, furniture and equipment, net

151

2,223

1,341

Intangible assets, net

5

73

79

Financial instruments

-

5

-

Deferred income tax

22

328

305

Guarantee deposits

241

3,541

2,603

Other assets

3

46

49

Total assets

673

9,905

8,378

Liabilities




Unearned transportation revenue

97

1,421

1,393

Accounts payable

34

506

537

Accrued liabilities

76

1,122

1,033

Taxes and fees payable

46

677

599

Financial instruments

14

211

32

Financial debt

56

823

268

Other liabilities

1

9

9

Total short-term liabilities

324

4,768

3,872

Financial instruments

3

42

74

Financial debt

29

425

294

Accrued liabilities

10

144

138

Other liabilities

1

21

11

Employee benefits

1

8

5

Deferred income taxes

2

27

22

Total liabilities

369

5,435

4,415

Equity




Capital stock

202

2,974

2,974

Treasury shares

(8)

(115)

(108)

Contributions for future capital increases

-

-

-

Legal reserve

3

38

38

Additional paid-in capital

121

1,787

1,786

Accumulated losses

(4)

(56)

(661)

Accumulated other comprehensive losses

(11)

(158)

(66)

Total equity

304

4,470

3,962

Total liabilities and equity

673

9,905

8,378





Total shares outstanding fully diluted


1,011,876,677

1,011,876,677

*Convenience translation to period-end U.S. dollars (Ps.14.7180)







 

Controladora Vuela Compania de Aviacion, S.A.B. de C.V. and Subsidiaries

Consolidated Statement of Cash Flows – Cash Flow Data Summary


Unaudited
(In millions of Mexican pesos)

Three months
ended
December 31,

2014
(US Dollars)*

Three months
ended
December 31,
2014

Three months

ended

December 31,

2013





Net cash flow provided by (used in) operating activities

32

470

(395)

Net cash flow used in investing activities

(25)

(372)

(288)

Net cash flow provided by financing activities

17

245

154

Increase (decrease) in cash and cash equivalents

23

342

(529)

Net foreign exchange differences

7

108

6

Cash and cash equivalents at beginning of period

123

1,814

2,974

Cash and cash equivalents at end of period

154

2,265

2,451

*Convenience translation to period-end U.S. dollars (Ps.14.7180)

 

Unaudited
(In millions of Mexican pesos)

Year Ended
December 31,
2014
(US Dollars)*

Year Ended
December 31,
2014

Year Ended

December 31,

2013





Net cash flow provided by operating activities

23

334

39

Net cash flow used in investing activities

(81)

(1,185)

(312)

Net cash flow provided by financing activities

36

525

1,861

(Decrease) increase in cash and cash equivalents

(22)

(326)

1,587

Net foreign exchange differences

10

141

41

Cash and cash equivalents at beginning of period

167

2,451

822

Cash and cash equivalents at end of period

154

2,265

2,451

*Convenience translation to period-end U.S. dollars (Ps.14.7180)

 

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/volaris-reports-solid-fourth-quarter-2014-margin-expansion-reaching-adjusted-ebitdar-margin-of-31-and-operating-margin-of-11-300041848.html

SOURCE Volaris

Investor Relations Contact: Andres Pliego / Investor Relations / ir@volaris.com / 52-55-5261-6444; Media Contact: Cynthia Llanos / cllanos@gcya.net / 52-1-55-4577-0803