Latest news with #Volaris
Business Wire
6 days ago
- Business
- Business Wire
CDB Aviation Delivers Three A320neo Aircraft to Volaris
BUSINESS WIRE)--CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Limited ('CDB Leasing'), announced today the delivery of three Airbus A320neo aircraft to its long-standing customer, Controladora Vuela Compañía de Aviación, S.A.B. de C.V. ('Volaris'). Our commercial team is focused on being a partner that our airline customers can trust and rely on to execute. This bespoke fleet solution for Volaris included delivering engines months prior to delivering the airframes. Share 'We appreciate the strong partnership and collaboration with the Volaris team that resulted in the expedited transition process involved in the execution of these three aircraft transactions,' commented Jie Chen, CDB Aviation's Chief Executive Officer. 'We will continue to work with quality airline customers like Volaris to provide them with customized fleet lease solutions that enable their businesses to compete and grow successfully in today's dynamic market environment.' 'For Volaris, the delivery of these three aircraft from CDB Aviation represents a significant milestone, as it reinforces our operational and growth strategy across key markets. This fleet expansion will further enhance connectivity on our routes in Mexico, the United States, and Central and South Americas, in line with our commitment to offering greater value and convenience to our customers,' said Enrique Beltranena, Volaris' Chief Executive Officer. 'Our commercial team is focused on being a partner that our airline customers can trust and rely on to execute. This bespoke fleet solution for Volaris included delivering engines months prior to delivering the airframes,' added Luís da Silva, CDB Aviation's Head of Commercial, Americas. Forward-Looking Statements This press release contains certain forward-looking statements, beliefs or opinions, including with respect to CDB Aviation's business, financial condition, results of operations or plans. CDB Aviation cautions readers that no forward-looking statement is a guarantee of future performance and that actual results or other financial condition or performance measures could differ materially from those contained in the forward-looking statements. These forward-looking statements can be identified by the fact that they do not relate only to historical or current facts. Forward-looking statements sometimes use words such as 'may,' 'will,' 'seek,' 'continue,' 'aim,' 'anticipate,' 'target,' 'projected,' 'expect,' 'estimate,' 'intend,' 'plan,' 'goal,' 'believe,' 'achieve' or other terminology or words of similar meaning. These statements are based on the current beliefs and expectations of CDB Aviation's management and are subject to significant risks and uncertainties. Actual results and outcomes may differ materially from those expressed in the forward-looking statements. Accordingly, you should not rely upon forward-looking statements as a prediction of actual results and we do not assume any responsibility for the accuracy or completeness of any of these forward-looking statements. Except as required by applicable law, we do not undertake any obligation to, and will not, update any forward-looking statements, whether as a result of new information, future events or otherwise. About Volaris Controladora Vuela Compañía de Aviación, 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, Central, and South America. Volaris offers low base fares to build its market, providing quality service and extensive customer choice. Since the beginning of operations in March 2006, Volaris has increased its routes from 5 to 222 and its flights from 4 to 147 aircraft. Volaris offers 500 daily flight segments on routes that connect 44 cities in Mexico and 29 cities in the United States, Central, and South America, with one of the youngest fleets in Mexico. Volaris targets passengers who are visiting friends and relatives, cost-conscious business and leisure travelers in Mexico, the United States, Central, and South America. Volaris has received the ESR Award for Social Corporate Responsibility for 15 consecutive years. For more information, please visit Volaris routinely posts information that may be important to investors on its investor relations website. The Company encourages investors and potential investors to consult the Volaris website regularly for important information about Volaris. About CDB Aviation CDB Aviation is a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Ltd. ('CDB Leasing') a 40-year-old Chinese leasing company that is backed mainly by the China Development Bank. CDB Aviation is rated Investment Grade by Moody's (A2), S&P Global (A), and Fitch (A+). China Development Bank is under the direct jurisdiction of the State Council of China and is one of the world's largest development finance institutions. It is also the largest Chinese bank for foreign investment and financing cooperation, long-term lending and bond issuance, enjoying Chinese sovereign credit rating. CDB Leasing is the only leasing arm of the China Development Bank and a leading company in China's leasing industry that has been engaged in aircraft, infrastructure, ship, commercial vehicle and construction machinery leasing and enjoys a Chinese sovereign credit rating. It took an important step in July 2016 to globalize and marketize its business – listing on the Hong Kong Stock Exchange (HKEX STOCK CODE: 1606).
Yahoo
6 days ago
- Business
- Yahoo
CDB Aviation Delivers Three A320neo Aircraft to Volaris
Expeditious Transition Enables Airline to Deploy Aircraft to Maximize Peak Summer Travel Season MEXICO CITY, June 24, 2025--(BUSINESS WIRE)--CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Limited ("CDB Leasing"), announced today the delivery of three Airbus A320neo aircraft to its long-standing customer, Controladora Vuela Compañía de Aviación, S.A.B. de C.V. ("Volaris"). "We appreciate the strong partnership and collaboration with the Volaris team that resulted in the expedited transition process involved in the execution of these three aircraft transactions," commented Jie Chen, CDB Aviation's Chief Executive Officer. "We will continue to work with quality airline customers like Volaris to provide them with customized fleet lease solutions that enable their businesses to compete and grow successfully in today's dynamic market environment." "For Volaris, the delivery of these three aircraft from CDB Aviation represents a significant milestone, as it reinforces our operational and growth strategy across key markets. This fleet expansion will further enhance connectivity on our routes in Mexico, the United States, and Central and South Americas, in line with our commitment to offering greater value and convenience to our customers," said Enrique Beltranena, Volaris' Chief Executive Officer. "Our commercial team is focused on being a partner that our airline customers can trust and rely on to execute. This bespoke fleet solution for Volaris included delivering engines months prior to delivering the airframes," added Luís da Silva, CDB Aviation's Head of Commercial, Americas. Forward-Looking Statements This press release contains certain forward-looking statements, beliefs or opinions, including with respect to CDB Aviation's business, financial condition, results of operations or plans. CDB Aviation cautions readers that no forward-looking statement is a guarantee of future performance and that actual results or other financial condition or performance measures could differ materially from those contained in the forward-looking statements. These forward-looking statements can be identified by the fact that they do not relate only to historical or current facts. Forward-looking statements sometimes use words such as "may," "will," "seek," "continue," "aim," "anticipate," "target," "projected," "expect," "estimate," "intend," "plan," "goal," "believe," "achieve" or other terminology or words of similar meaning. These statements are based on the current beliefs and expectations of CDB Aviation's management and are subject to significant risks and uncertainties. Actual results and outcomes may differ materially from those expressed in the forward-looking statements. Accordingly, you should not rely upon forward-looking statements as a prediction of actual results and we do not assume any responsibility for the accuracy or completeness of any of these forward-looking statements. Except as required by applicable law, we do not undertake any obligation to, and will not, update any forward-looking statements, whether as a result of new information, future events or otherwise. About Volaris Controladora Vuela Compañía de Aviación, 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, Central, and South America. Volaris offers low base fares to build its market, providing quality service and extensive customer choice. Since the beginning of operations in March 2006, Volaris has increased its routes from 5 to 222 and its flights from 4 to 147 aircraft. Volaris offers 500 daily flight segments on routes that connect 44 cities in Mexico and 29 cities in the United States, Central, and South America, with one of the youngest fleets in Mexico. Volaris targets passengers who are visiting friends and relatives, cost-conscious business and leisure travelers in Mexico, the United States, Central, and South America. Volaris has received the ESR Award for Social Corporate Responsibility for 15 consecutive years. For more information, please visit Volaris routinely posts information that may be important to investors on its investor relations website. The Company encourages investors and potential investors to consult the Volaris website regularly for important information about Volaris. About CDB Aviation CDB Aviation is a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Ltd. ("CDB Leasing") a 40-year-old Chinese leasing company that is backed mainly by the China Development Bank. CDB Aviation is rated Investment Grade by Moody's (A2), S&P Global (A), and Fitch (A+). China Development Bank is under the direct jurisdiction of the State Council of China and is one of the world's largest development finance institutions. It is also the largest Chinese bank for foreign investment and financing cooperation, long-term lending and bond issuance, enjoying Chinese sovereign credit rating. CDB Leasing is the only leasing arm of the China Development Bank and a leading company in China's leasing industry that has been engaged in aircraft, infrastructure, ship, commercial vehicle and construction machinery leasing and enjoys a Chinese sovereign credit rating. It took an important step in July 2016 to globalize and marketize its business – listing on the Hong Kong Stock Exchange (HKEX STOCK CODE: 1606). View source version on Contacts Media contact: Paul +1 612 594 9844
Travel Weekly
17-06-2025
- Business
- Travel Weekly
New LAX-Tepic route turns the page to Nayarit's next chapter
Most travelers heading to Mexico's Pacific coast have long defaulted to the well-worn paths: Puerto Vallarta for beach, Guadalajara for city and the Riviera Nayarit corridor for luxury. But there's a new route on the radar that throws a new opportunity for travel advisors and their clients. On July 16, Volaris will launch its first international flight from Los Angeles (LAX) to Tepic-Riviera Nayarit Airport (TPQ). For the first time, travelers can fly directly into the heart of inland Nayarit without needing to connect through Puerto Vallarta or Guadalajara. It's a move that quietly signals a transformation for the state of Nayarit, and an opportunity for travel advisors looking to tap into a destination that's under the radar for U.S. travelers. The three-times-weekly route (Monday, Wednesday and Friday) will simplify access to Nayarit's capital and surrounding regions. Tepic may not yet be a household name, but the revamped airport and new airlift marks a shift. It opens a gateway that connects travelers to the entire estate, from the highlands to the beaches. For travel advisors, this new flight is a chance to expand beyond the traditional resort-heavy offerings of the Riviera Nayarit and craft itineraries that combine culture, food, mountains and beach. Additional infrastructure investment In preparation for its international debut, Tepic's airport underwent a major face-lift to the tune of $240 million in public and private investment. The expansion included a bigger runway to accommodate larger aircraft, building a new passenger terminal and adding customs and immigration facilities. The newly international-ready airport is expected to handle up to 4 million passengers annually in its first phase. Road infrastructure has also improved, with direct highways connecting Tepic to the coast in just over an hour. Travelers can now access the northern Riviera Nayarit beach towns without flying into Puerto Vallarta. For travelers visiting family in the region or returning to explore their roots, the LAX-TPQ flight eliminates the extra leg in what is typically a lengthy journey. For leisure clients, it means easier access to less crowded parts of Mexico that still feel off the typical tourist trail. With this new flight, advisors can begin to spotlight destinations that have been bypassed in favor of bigger-name beach towns. San Blas, for example, is just 90 minutes from Tepic and is known for its surf waves and mangrove estuaries. Magical Towns Compostela and Jala provide a change of pace with cool mountain air, Spanish-influenced architecture and cobblestone streets. Tepic itself is growing as a destination, with a historic downtown, museums and hotels. It's also worth noting that inland Nayarit is positioning itself to become a hot spot for boutique wellness and nature-focused escapes. Advisors looking to cater to the slow travel movement will find opportunities in the state's highland towns, forested reserves and eco-lodges. On the coast, luxury names like the newly opened Rosewood Mandarina are still accessible — now from a less congested airport with shorter wait times and less competition for flights.
Yahoo
06-06-2025
- Business
- Yahoo
Volaris Reports Decrease in Consolidated Load Factor for May
Mexican carrier Controladora Vuela Compañía de Aviación VLRS, or Volaris, recently reported a year-over-year increase in revenue passenger miles (RPMs: a measure of air traffic) for May. Volaris reported a 9% year-over-year increase in consolidated capacity (measured in available seat miles). The load factor (% of seats filled by passengers) decreased 4.3 percentage points to 81.8% on a consolidated basis. The metric fell as the increase in consolidated traffic (3.5%) was less than the increase in consolidated capacity. During May, Volaris transported 2.5 million passengers, up 4.2% year over year. On the domestic front, RPMs and ASMs (Available Seat Miles) increased 5.7% and 10.4%, respectively, from the May 2024 levels. The domestic load factor in May was 86.5%, a decrease of 3.8 percentage points from the year-ago levels. In international markets, RPM decreased 0.2% year over year, while ASM rose 6.8% year over year. The international load factor decreased by 5.2 percentage points on a year-over-year basis to 74.7%. Apart from VLRS, other airline companies like Ryanair Holdings RYAAY have also reported May traffic numbers. Ryanair reported solid traffic numbers for May 2025, driven by upbeat air travel demand. The number of passengers transported on Ryanair flights was 18.9 million in May 2025, reflecting a 4% year-over-year increase. The May load factor (percentage of seats filled by passengers) of 95% was higher than the year-ago reading of 94%, reflecting consistent passenger demand for the airline's services. VLRS currently carries a Zacks Rank #3 (Hold). Investors interested in the Transportation sector may consider Copa Holdings CPA. CPA, based in Panama City, Panama, is gaining from upbeat passenger volumes. Driven by the buoyant air travel demand scenario, RPMs increased 10.1% year over year in the first quarter of 2025. Despite uncertainties, traffic growth has remained intact at Copa Holdings. With passenger volumes likely to remain strong, we anticipate passenger revenues to increase 4% in 2025 on a year-over-year basis. CPA currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here. CPA has an expected earnings growth rate of 14.3% for the current year. The company has an impressive earnings surprise history. Its earnings outpaced the Zacks Consensus Estimate in each of the trailing four quarters, delivering an average beat of 5.5%. Shares of CPA have risen 24.2% year to date. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Ryanair Holdings PLC (RYAAY) : Free Stock Analysis Report Copa Holdings, S.A. (CPA) : Free Stock Analysis Report Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (VLRS) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Business Insider
05-06-2025
- Business
- Business Insider
Volaris reports May load factor of 82%
Controladora Vuela Compania de Aviacion reports its May 2025 preliminary traffic results. In May, Volaris (VLRS)' ASM capacity increased by 9.0% year-over-year, while RPMs for the month grew by 3.5%. Mexican domestic RPMs increased 5.7%, while international RPMs were effectively flat. As a result, the load factor decreased by 4.3 percentage points year-over-year to 81.8%. During the month, Volaris transported 2.5 million passengers. Enrique Beltranena, Volaris' President and CEO, said: 'May's capacity growth aligns with the adjustments outlined during our earnings call, allowing us to better match customer demand. Tactically, our commercial team has focused its efforts to maximize unit revenue performance by prioritizing close-in fares over load factors. As we move through the second quarter, we remain aligned with our guidance for the quarter and are seeing encouraging booking trends heading into the summer high season.' Confident Investing Starts Here:
