Volaris Q1 Revenue Rises, Loss Widens on Higher Fuel and Maintenance Costs

Overview

• Volaris reported first-quarter 2026 operating revenue of $770 million, up 13.6%, and a net loss of $71 million.
• Operational volume grew as available seat miles increased 2.3% to 8.9 billion and booked passengers rose 4.5% to 7.7 million with an 85.0% load factor.
• Revenue per seat improved with TRASM up 11% to 8.62 cents driven by a higher average base fare of $42 and ancillary sales of $57 per passenger, which made up 57.3% of revenue.
• Costs rose with total operating expenses at $791 million, average fuel at $3.06 per gallon up 16.2%, and unit costs higher as maintenance needs and more international flying lifted CASM and CASM ex fuel.
• The company ended the quarter with $766 million in cash and $659 million in financial debt and said its Q2 outlook factors expected Pratt & Whitney compensation tied to GTF engine inspections.