Volaris reports third quarter 2023 results

Controladora Vuela Compañía de Aviación (Volaris) the ultra-low-cost airline serving Mexico, the United States, Central and South America, reported total operating revenues of $848 million for the third quarter of 2023, a 10% increase over the prior year period. Third quarter total revenue per available seat mile (TRASM) increased 1.8% to $8.37 cents, with available seat miles (ASMs) up by 8.2% to 10.1 billion. Volaris total operating expenses reached $809 million, representing 95% of total operating revenue. The airline reported a net loss of $39 million for the quarter and a loss per share of $0.03 and loss per ADS