Volaris Reports Record Second Quarter 2016 Results: 35% Adjusted EBITDAR Margin

July 22, 2016

MEXICO CITY--(BUSINESS WIRE)-- Volaris* (NYSE:VLRS and BMV:VOLAR), the ultra-low-cost airline serving Mexico, the United States and Central America, today announced its financial results for the second quarter 2016.

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

Second Quarter 2016 Highlights

    --  Total operating revenues reached Ps.5,131 million for the second
        quarter, an increase of 25.2% year over year.
    --  Non-ticket revenues were Ps.1,317 million for the second quarter, an
        increase of 34.7% year over year. Non-ticket revenues per passenger for
        the second quarter were Ps.362, increasing 6.6% year over year.
    --  Total operating revenues per available seat mile (TRASM) rose to
        Ps.128.9 cents for the second quarter, an increase of 4.8% year over
        year.
    --  Operating expenses per available seat mile (CASM) were Ps.119.2 cents
        for the second quarter, an increase of 5.9% year over year.
    --  Adjusted EBITDAR was Ps.1,819 million for the second quarter, an
        increase of 42.1% year over year. Adjusted EBITDAR margin was 35.5% for
        the second quarter, a margin expansion of 4.3 percentage points.
    --  Operating income was Ps.388 million for the second quarter, with an
        operating margin of 7.6%, equal to a year over year operating margin
        decrease of 0.9 percentage points.
    --  Net income was Ps.935 million (Ps.0.92 per share / US$0.49 per ADS) for
        the second quarter, with a net margin of 18.2%, a year over year margin
        increase of 9.6 percentage points.
    --  Net increase of cash and cash equivalents was Ps.564 million for the
        second quarter. As of June 30, 2016, unrestricted cash and cash
        equivalents were Ps.6,930 million.

Volaris CEO Enrique Beltranena commented: "Volaris' performance highlights the resilience of its ULCC model that combines high growth, expanding unit revenue, and managing unit costs down. These results reflect our ability to stimulate demand with low base fares, successfully switch bus passengers to air travel and further unbundle our product offering. We will work to continue balancing our growth with profitability to create shareholder value."

Solid Demand Supports Traffic Volume Growth, Despite Exchange Rate and Fuel Price Volatility

    --  Air traffic volume increase: The Mexican DGAC reported overall passenger
        volume growth for Mexican carriers of 9.0% year over year in April and
        May. Domestic passenger volume increased 9.2%, while international
        passenger volume increased 8.2%.
    --  Exchange rate volatility: The Mexican peso depreciated 17.9% year over
        year against the US dollar, from an average of Ps.15.31 pesos per US
        dollar in the second quarter 2015 to Ps.18.05 pesos per US dollar during
        the second quarter 2016.
    --  Lower fuel prices: The average economic fuel cost per gallon decreased
        8.6% to Ps.28.3 per gallon (US$1.5) in the second quarter 2016, year
        over year.

Unit Revenue Improvements Driven by Volume and Non-Ticket Revenue Expansion, Despite Adverse Seasonality

    --  Passenger traffic stimulation: Volaris booked 3.6 million passengers in
        the second quarter of 2016, up 26.4% year over year. Volaris traffic
        (measured in terms of revenue passenger miles, or RPMs) increased 24.0%
        for the same period.
    --  Unit revenue improvement and demand driven capacity growth: For the
        second quarter of 2016, TRASM increased 4.8%, while yield decreased
        1.5%, year over year. During the second quarter, in terms of ASMs,
        domestic capacity grew 19.3%, while international capacity increased
        19.9% responding to a strong demand from both markets. This was
        accomplished despite the effects of adverse seasonality due to high
        traffic in Holy and Easter weeks falling in the first quarter, unlike
        2015 when they fell predominantly in the second quarter. System load
        factor during the quarter increased 3.2 percentage points year over year
        to 86.1%.
    --  Non-ticket revenues growth:Non-ticket revenues and non-ticket revenues
        per passenger increased 34.7% and 6.6% year over year for the second
        quarter of 2016, respectively. The Company has been expanding its
        product offering and improving its presence in mobile, web and airport
        kiosks, while more dynamically pricing its ancillaries.
    --  New routes:In the second quarter 2016, Volaris launched eight new
        routes, six domestic and two international.

Exchange Rate Pressures Challenge Fuel Savings

In the second quarter 2016, Volaris continued to experience pressure in US-dollar denominated costs, such as aircraft and engine rent expenses, international airport costs, and maintenance expenses due to the depreciation of the Mexican peso. The CASM for the second quarter was Ps.119.2 cents, a 5.9% increase compared to the second quarter 2015, mainly driven by FX pressures.

Young and Fuel Efficient Fleet Supporting Lower Operating Costs

During the second quarter, the Company incorporated five additional aircraft comprised of three A320s and two A321s. As of June 30, 2016, Volaris fleet was composed of 64 aircraft (18 A319s, 42 A320s and 4 A321s), with an average age of 4.5 years. At the end of the second quarter 2016 Volaris' fleet had an average of 171 seats per aircraft, an increase from 168 seats in the second quarter of 2015, and 51% of our seats were in sharklet-equipped aircraft.

Cash Flow Generation, Solid Balance Sheet and Good Liquidity

The net increase in cash and cash equivalents was equal to Ps.564 million during the second quarter, mainly driven by positive operating cash flow of Ps.194 million and by net foreign exchange differences on cash balance by Ps.409 million. As of June 30, 2016, Volaris' unrestricted cash and cash equivalents balance was Ps.6,930 million. Volaris registered negative net debt (or a positive net cash position) of Ps.6,109 million and total equity of Ps.8,611 million.

Active in Fuel Risk Management

Volaris remains active in its fuel risk management program. Volaris utilized call options to hedge 62% of its second quarter 2016 fuel consumption, at an average strike price of US $1.95 per gallon, which combined with the 38% unhedged consumption, resulted in a blended average economic fuel cost of US$1.50 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:



Presenters for the Company:                 Mr. Enrique Beltranena, CEO

                                            Mr. Fernando Suárez, CFO

Date:                                       Friday, July 22, 2016

Time:                                       10:00 am U.S. EDT (9:00 am Mexico City Time)

United States dial in (toll free):          1-800-311-9408

Mexico dial in (toll free):                 0-1-800-847-7666

Brazil dial in (toll free):                 0800-282-5781

International dial in:                      +1-334-323-7224

Participant entry number:                   83342

Webcast will be available on our website:   https://www.webcaster4.com/Webcast/Page/1174/15984



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, with point-to-point operations, serving Mexico, the United States and Central America. 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 154 and its fleet from four to 64 aircraft. Volaris offers more than 286 daily flight segments on routes that connect 40 cities in Mexico and 25 cities in the United States and Central America with the youngest 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 and Central America. Volaris has received the ESR Award for Social Corporate Responsibility for six 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 Compañía de Aviación, S.A.B. de C.V. and Subsidiaries

                       Financial and Operating Indicators

                         Three months

                        ended June 30,   Three months    Three months

Unaudited                    2016       ended June 30,  ended June 30,  Variance

(In Mexican pesos,
except otherwise
indicated)              (US Dollars)*        2016            2015         (%)

Total operating
revenues (millions)                271           5,131           4,099     25.2%

Total operating
expenses (millons)                 251           4,743           3,750     26.5%

EBIT (millions)                     21             388             349     11.2%

EBIT margin                       7.6%            7.6%            8.5%  (0.9) pp

Adjusted EBITDA
(millions)                          28             526             474     11.0%

Adjusted EBITDA margin           10.3%           10.3%           11.6%  (1.3) pp

Adjusted EBITDAR
(millions)                          96           1,819           1,281     42.1%

Adjusted EBITDAR
margin                           35.5%           35.5%           31.2%    4.3 pp

Net income (millions)               49             935             351     >100%

Net margin                       18.2%           18.2%            8.6%    9.6 pp

Earnings per share:

Basic (pesos)                     0.05            0.92            0.35     >100%

Diluted (pesos)                   0.05            0.92            0.35     >100%

Earnings per ADS:

Basic (pesos)                     0.49            9.24            3.47     >100%

Diluted (pesos)                   0.49            9.24            3.47     >100%

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)(1)                 -           3,980           3,332     19.4%

Domestic                             -           2,819           2,364     19.3%

International                        -           1,161             969     19.9%

Revenue passenger
miles (RPMs)
(millions)(1)                        -           3,428           2,764     24.0%

Domestic                             -           2,421           1,944     24.6%

International                        -           1,007             820     22.8%

Load factor(2)                       -           86.1%           82.9%    3.2 pp

Domestic                             -           85.9%           82.2%    3.7 pp

International                        -           86.7%           84.5%    2.2 pp

Total operating
revenue per ASM
(TRASM) (cents)(1)                 6.8           128.9           123.0      4.8%

Passenger revenue per
ASM (RASM) (cents)(1)              5.1            95.8            93.7      2.3%

Passenger revenue per
RPM (Yield) (cents)(1)             5.9           111.3           113.0    (1.5%)

Average fare(2)                   55.6           1,052           1,087    (3.2%)

Non-ticket revenue per
passenger(1)                      19.1             362             339      6.6%

Operating expenses per
ASM (CASM) (cents)(1)              6.3           119.2           112.5      5.9%

Operating expenses per
ASM (CASM) (US cents)
(1)                                  -            6.3*            7.2*   (12.8%)

CASM ex fuel (cents)
(1)                                4.5            85.0            76.3     11.4%

CASM ex fuel (US
cents)(1)                            -            4.5*            4.9*    (8.3%)

Booked passengers
(thousands)(1)                       -           3,640           2,880     26.4%

Departures(1)                        -          24,919          21,187     17.6%

Block hours(1)                       -          65,520          55,067     19.0%

Fuel gallons consumed
(millions)                           -            48.0            39.0     23.1%

Average economic fuel
cost per gallon                    1.5           28.34           31.01    (8.6%)

Aircraft at end of
period                               -              64              53     20.8%

Average aircraft
utilization (block
hours)                               -            12.5            12.5      0.4%

Average exchange rate                -           18.05           15.31     17.9%

End of period exchange
rate                                 -           18.91           15.57     21.5%

*Peso amounts were converted to U.S. dollars at end of period exchange rate for
convenience purposes only

(1) Includes schedule + charter (2)
Includes schedule



    Controladora Vuela Compañía de Aviación, S.A.B. de C.V. and Subsidiaries

                       Financial and Operating Indicators

                          Six months

                        ended June 30,    Six months      Six months

Unaudited                    2016       ended June 30,  ended June 30,  Variance

(In Mexican pesos,
except otherwise
indicated)              (US Dollars)*        2016            2015         (%)

Total operating
revenues (millions)                545          10,313           7,867     31.1%

Total operating
expenses (millons)                 481           9,089           7,172     26.7%

EBIT (millions)                     65           1,224             695     76.0%

EBIT margin                      11.9%           11.9%            8.8%    3.1 pp

Adjusted EBITDA
(millions)                          78           1,482             923     60.5%

Adjusted EBITDA margin           14.4%           14.4%           11.7%    2.7 pp

Adjusted EBITDAR
(millions)                         211           3,994           2,485     60.7%

Adjusted EBITDAR
margin                           38.7%           38.7%           31.6%    7.1 pp

Net income (millions)               81           1,536             658     >100%

Net margin                       14.9%           14.9%            8.4%    6.5 pp

Earnings per share:

Basic (pesos)                     0.08            1.52            0.65     >100%

Diluted (pesos)                   0.08            1.52            0.65     >100%

Earnings per ADS:

Basic (pesos)                     0.80           15.18            6.50     >100%

Diluted (pesos)                   0.80           15.18            6.50     >100%

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)(1)                 -           7,872           6,375     23.5%

Domestic                             -           5,549           4,489     23.6%

International                        -           2,323           1,886     23.2%

Revenue passenger
miles (RPMs)
(millions)(1)                        -           6,735           5,199     29.5%

Domestic                             -           4,739           3,663     29.4%

International                        -           1,996           1,536     29.9%

Load factor(2)                       -           85.6%           81.5%    4.1 pp

Domestic                             -           85.4%           81.6%    3.8 pp

International                        -           85.9%           81.3%    4.6 pp

Total operating
revenue per ASM
(TRASM) (cents)(1)                 6.9           131.0           123.4      6.2%

Passenger revenue per
ASM (RASM) (cents)(1)              5.2            98.1            94.8      3.4%

Passenger revenue per
RPM (Yield) (cents)(1)             6.1           114.6           116.3    (1.4%)

Average fare(2)                     58           1,095           1,123    (2.5%)

Non-ticket revenue per
passenger (1)                     19.4             367             338      8.4%

Operating expenses per
ASM (CASM) (cents)(1)              6.1           115.5           112.5      2.6%

Operating expenses per
ASM (CASM) (US cents)
(1)                                  -            6.1*            7.2*   (15.5%)

CASM ex fuel (cents)
(1)                                4.5            85.3            77.1     10.7%

CASM ex fuel (US
cents)(1)                            -            4.5*            4.9*    (8.9%)

Booked passengers
(thousands)(1)                       -           7,070           5,391     31.1%

Departures(1)                        -          48,980          40,500     20.9%

Block hours(1)                       -         130,389         105,763     23.3%

Fuel gallons consumed
(millions)                           -            93.8            74.3     26.2%

Average economic fuel
cost per gallon                    1.3            25.3            30.4   (16.8%)

Aircraft at end of
period                               -              64              53     20.8%

Average aircraft
utilization (block
hours)                               -            12.8            12.3      4.2%

Average exchange rate                -           18.05           15.31     17.9%

End of period exchange
rate                                 -           18.91           15.57     21.5%

*Peso amounts were converted to U.S. dollars at end of period exchange rate for
convenience purposes only

(1) Includes schedule + charter (2)
Includes schedule



    Controladora Vuela Compañía de Aviación, S.A.B. de C.V. and Subsidiaries

                      Consolidated Statement of Operations

                         Three months

                        ended June 30,   Three months    Three months

Unaudited                    2016       ended June 30,  ended June 30,  Variance

(In millions of
Mexican pesos)          (US Dollars)*        2016            2015         (%)

Operating revenues:

Passenger                          202           3,814           3,122     22.2%

Non-ticket                          70           1,317             977     34.7%

                                   271           5,131           4,099     25.2%

Other operating income             (9)           (174)            (37)     >100%

Fuel                                72           1,360           1,209     12.5%

Aircraft and engine
rent expenses                       68           1,293             807     60.3%

Landing, take-off and
navigation expenses                 38             724             607     19.3%

Salaries and benefits               31             580             448     29.3%

Maintenance expenses                16             306             198     54.5%

Sales, marketing and
distribution expenses               16             300             232     29.2%

Other operating
expenses                            11             216             162     33.5%

Depreciation and
amortization                         7             138             125     10.5%

Operating expenses                 251           4,743           3,750     26.5%

Operating income                    21             388             349     11.2%

Finance income                       1              20              12     56.8%

Finance cost                         -             (8)             (6)     40.1%

Exchange gains, net                 49             923             146     >100%

Comprehensive                                                              >100%
financing result                    49             935             153

Income before income                                                       >100%
tax                                 70           1,323             502

Income tax expense                (21)           (388)           (151)     >100%

Net income                          49             935             351     >100%

Attribution of net
income:

Equity holders of the                                                      >100%
parent                              49             935             351

Non-controlling
interest                             -               -               -        0%

Net income                          49             935             351     >100%

*Peso amounts were converted to U.S. dollars at end of period exchange rate for
convenience purposes only.



    Controladora Vuela Compañía de Aviación, S.A.B. de C.V. and Subsidiaries

                      Consolidated Statement of Operations

                          Six months

                        ended June 30,    Six months      Six months

Unaudited                    2016       ended June 30,  ended June 30,  Variance

(In millions of
Mexican pesos)          (US Dollars)*        2016            2015         (%)

Operating revenues:

Passenger                          408           7,720           6,044     27.7%

Non-ticket                         137           2,593           1,823     42.2%

                                   545          10,313           7,867     31.1%

Other operating income            (20)           (369)            (61)     >100%

Fuel                               126           2,374           2,260      5.0%

Aircraft and engine
rent expenses                      133           2,513           1,562     60.9%

Landing, take-off and
navigation expenses                 80           1,514           1,180     28.3%

Salaries and benefits               60           1,143             872     31.1%

Maintenance expenses                34             646             379     70.3%

Sales, marketing and
distribution expenses               31             595             448     32.9%

Other operating
expenses                            22             416             304     36.9%

Depreciation and
amortization                        14             258             228     13.1%

Operating expenses                 481           9,089           7,172     26.7%

Operating income                    65           1,224             695     76.0%

Finance income                       3              54              22     >100%

Finance cost                       (1)            (15)            (10)     51.9%

Exchange gains, net                 49             932             233     >100%

Comprehensive                                                              >100%
financing result                    51             971             244

Income before income                                                       >100%
tax                                116           2,195             939

Income tax expense                (35)           (658)           (282)     >100%

Net income                          81           1,536             658     >100%

Attribution of net
income:

Equity holders of the                                                      >100%
parent                              81           1,536             658

Non-controlling
interest                             -               -               -        0%

Net income                          81           1,536             658     >100%

*Peso amounts were converted to U.S. dollars at end of period exchange rate for
convenience purposes only.



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

The Company is providing a reconciliation of GAAP financial information to non-GAAP financial information as it believes that non-GAAP financial measures provide management and investors the ability to measure the performance of the Company on a consistent basis. These non-GAAP financial measures have limitations as an analytical tool.

                                  Three months
                                 ended June 30,
Unaudited                             2016

                                                  Three months    Three months
                                                 ended June 30,  ended June 30,
(In millions of Mexican pesos)   (US Dollars)*        2016            2015

Reconciliation:

Net (loss) income                            49             935             351

Plus (minus):

Finance cost                                  -               8               6

Finance income                              (1)            (20)            (12)

Provision for income tax                     21             388             151

Depreciation and amortization                 7             138             125

EBITDA                                       76           1,449             620

Exchange (gain) loss, net                  (49)           (923)           (146)

Adjusted EBITDA                              28             526             474

Aircraft and engine rent expense             68           1,293             807

Adjusted EBITDAR                             96           1,819           1,281



                                    Six months
                                  ended June 30,
Unaudited                              2016

                                                    Six months      Six months
                                                  ended June 30,  ended June 30,
(In millions of Mexican pesos)    (US Dollars)*        2016            2015

Reconciliation:

Net (loss) income                             81           1,536             658

Plus (minus):

Finance cost                                   1              15              10

Finance income                               (3)            (54)            (22)

Provision for income tax                      35             658             282

Depreciation and amortization                 14             258             228

EBITDA                                       128           2,414           1,156

Exchange (gain) loss, net                   (49)           (932)           (233)

Adjusted EBITDA                               78           1,482             923

Aircraft and engine rent expense             133           2,513           1,562

Adjusted EBITDAR                             211           3,994           2,485



*Peso amounts were converted to U.S. dollars at end of period exchange rate for convenience purposes only

    Controladora Vuela Compañía de Aviación, S.A.B. de C.V. and Subsidiaries

                  Consolidated Statement of Financial Position

                                 June 30, 2016

                                   Unaudited    June 30, 2016  December 31, 2015

(In millions of Mexican pesos)   (US Dollars)*    Unaudited         Audited

Assets

Cash and cash equivalents                  366          6,930              5,157

Accounts receivable                         49            926                464

Inventories                                 10            185                163

Prepaid expenses and other
current assets                              25            482                585

Financial instruments                        8            155                 10

Guarantee deposits                          62          1,170                861

Total current assets                       521          9,848              7,241

Rotable spare parts, furniture
and equipment, net                          99          1,864              2,550

Intangible assets, net                       5             98                 95

Financial instruments                       26            486                 69

Deferred income tax                         29            544                545

Guarantee deposits                         290          5,485              4,704

Other assets                                 3             53                 58

Total non-current assets                   451          8,531              8,020

Total assets                               972         18,380             15,261

Liabilities

Unearned transportation revenue            159          3,006              1,957

Accounts payable                            36            682                795

Accrued liabilities                        102          1,937              1,471

Other taxes and fees payable                69          1,309              1,107

Income taxes payable                        35            654                338

Financial instruments                        2             39                 44

Financial debt                              21            395              1,371

Other liabilities                            1             17                 19

Total short-term liabilities               425          8,039              7,103

Financial instruments                        -              -                 11

Financial debt                              22            425                220

Accrued liabilities                         12            222                157

Other liabilities                            4             80                 49

Employee benefits                            1             12                 10

Deferred income taxes                       52            991                885

Total long-term liabilities                 91          1,729              1,333

Total liabilities                          517          9,769              8,436

Equity

Capital stock                              157          2,974              2,974

Treasury shares                            (5)           (95)               (91)

Contributions for future
capital increases                            -              -                  -

Legal reserve                                2             38                 38

Additional paid-in capital                  95          1,792              1,791

Retained earnings                          209          3,945              2,408

Accumulated other comprehensive
losses                                     (2)           (43)              (295)

Total equity                               455          8,611              6,825

Total liabilities and equity               972         18,380             15,261

Total shares outstanding fully
diluted                                         1,011,876,677      1,011,876,677

*Peso amounts were converted to U.S. dollars at end of period exchange rate for
convenience purposes only



    Controladora Vuela Compañía de Aviación, S.A.B. de C.V. and Subsidiaries

         Consolidated Statement of Cash Flows – Cash Flow Data Summary

                                   Three months

                                  ended June 30,   Three months    Three months

Unaudited                              2016       ended June 30,  ended June 30,

(In millions of Mexican pesos)    (US Dollars)*        2016            2015

Net cash flow provided by
operating activities                          10             194             947

Net cash flow provided by (used
in) investing activities                      17             331           (281)

Net cash flow (used in) provided
by financing activities                     (20)           (370)             151

Increase in cash and cash
equivalents                                    8             155             817

Net foreign exchange differences
on cash balance                               22             409              55

Cash and cash equivalents at
beginning of period                          337           6,366           3,156

Cash and cash equivalents at end
of period                                    366           6,930           4,028

*Peso amounts were converted to U.S. dollars at end of period exchange rate for
convenience purposes only



                                    Six months

                                  ended June 30,    Six months      Six months

Unaudited                              2016       ended June 30,  ended June 30,

(In millions of Mexican pesos)    (US Dollars)*        2016            2015

Net cash flow provided by
operating activities                          81           1,523           1,896

Net cash flow provided by (used
in) investing activities                      41             766           (331)

Net cash flow (used in) provided
by financing activities                     (49)           (919)             115

Increase in cash and cash
equivalents                                   72           1,371           1,679

Net foreign exchange differences
on cash balance                               21             402              83

Cash and cash equivalents at
beginning of period                          273           5,157           2,265

Cash and cash equivalents at end
of period                                    366           6,930           4,028

*Peso amounts were converted to U.S. dollars at end of period exchange rate for
convenience purposes only



View source version on businesswire.com: http://www.businesswire.com/news/home/20160722005140/en/

    CONTACT: Investor Relations:
             Andres Pliego & Diana Martinez, +52 55 5261 6444
             Investor Relations
             ir@volaris.com
             or
             Media:
             Cynthia Llanos, +52 1 55 4577 0803
             cllanos@gcya.net

    Source: Volaris
Investor Relations: Andrés Pliego & Diana Martínez, 52 55 5261 6444 Investor Relations ir@volaris.com or Media: Cynthia Llanos, 52 1 55 4577 0803 cllanos@gcya.net