Volaris Financial Results 2026: Revenue, EBITDAR Margin, TRASM & CASM

Aviation Intelligence Database · Airline profile

Airline profile

Company-reported performance, unit economics, balance-sheet and fleet metrics from FY2022 to the latest published period. Metrics are in the same order as the Airline Comparison tool.

— metrics in this profile FY2022 → Q2 2026 Updated — Next results —

At a glance

Latest reported period

Metrics

Full-year history

View
RReportedDirect company disclosure CCalculatedDerived from company figures GGroup-levelBroader than the airline entity DCompany-definedNon-standard measure —Not disclosedNo estimate inserted

Analysis

What the numbers say

More detail

Additional disclosures

Guidance vs actual

Did the airline deliver?

What management guided at the start of each financial year compared with what was reported. Within the guided range = met; for cost metrics, below the range = beat.

Fleet & orders

Fleet composition

Key events

What moved the numbers

Peers

Compare with peers

FAQ

Frequently asked questions

Methodology

How to read this page

Every figure keeps the company’s own reporting period, currency, entity scope and terminology. Partial periods are not annualised, currencies are not converted and missing KPIs are not estimated. Core metrics follow the Airline Comparison tool.

  1. Fiscal years are labelled by the calendar year in which they end (a year to 31 Mar 2025 appears as FY2025). The exact period end is shown in the first row, with a link to the source document.
  2. Quarters follow the company’s reporting calendar; the company’s own label is noted beneath the period.
  3. YoY change compares with the same period one year earlier: % change for amounts, percentage points (pp) for ratios. Green means favourable (for costs, a fall is favourable). n.m. = not meaningful.
  4. Operating margin uses operating profit or EBIT ÷ revenue. EBITDA, EBITDAR and their margins are separate disclosures and are not substitutes for operating profit or margin. Company-defined measures keep their source labels (marked D).
  5. Sources: annual reports, interim results and traffic statements. See Data & Research.

Quick answers

Is Volaris profitable?

Yes. Volaris reported an operating profit of $135m in FY2025 (year to 31 Dec 2025), a 4.4% margin. In its latest reported period, it reported an operating loss of $99m in Q2 2026 (to 30 Jun 2026), a −11.5% margin. Quarterly and half-year results are seasonal, so the full-year figure is the better guide.

What was Volaris’s revenue in 2025?

Volaris reported revenue of $3.038bn in FY2025 (year to 31 Dec 2025). For Q2 2026 (to 30 Jun 2026) it reported revenue of $859m.

Company-reported figures from our airline database. Definitions, currencies and reporting periods differ between airlines; see the tables on this page and the comparison tool for detail.

Text version of the Volaris data on this page

Volaris data snapshot

  • Scope: Controladora Vuela Compañía de Aviación (Volaris), incl. Costa Rica and El Salvador
  • Region: Latin America
  • Business model: Ultra low cost
  • Financial year end: 31 Dec
  • Reporting currency: USD
  • Source: Quarterly results releases
  • Latest period: Q2 2026
  • Last updated: 2026-09-27

Latest read

Volaris grew Q2 2026 revenue 24% to $859 million as TRASM jumped 21.5%, but fuel at $4.18 a gallon and CASM ex-fuel up 18.6% widened the operating loss to $99 million and cut the EBITDAR margin to 16.3%. Full-year guidance is an EBITDAR margin of about 23%, down from 32.5% in 2025.

Reported metrics by period

Annual results

  • FY2025 (FY2025 · 31 Dec 2025): Passengers: 31.0m (+5.2% YoY); Revenue: $3.038bn (−3.3% YoY); Operating profit / result: $135m op. (−67.3% YoY); Operating margin: 4.4% (−8.7pt YoY); EBITDA / EBITDAR: $988m (EBITDAR; 32.5% margin) [Defined]; Net profit: −$104m (Net loss); Load factor: 84.3% (−2.5pt YoY); Capacity / ASK: 36.1bn ASM (+6.3% YoY); RASK / yield: 8.41¢ TRASM (−9.0% YoY); CASK ex-fuel: 5.58¢ CASM ex-fuel (+3.5% YoY); Fuel cost: $2.59/gal (−6.0% YoY); Cash / liquidity: $774m (Cash and equivalents); Net debt / cash / leverage: 3.1x net debt ÷ EBITDAR (LTM) [Defined]; Fleet size: 155 (Year end). Source: Volaris Q4 2025 results.
  • FY2024 (FY2024 · 31 Dec 2024): Passengers: 29.5m (Annual); Revenue: $3.142bn (Total operating revenues); Operating profit / result: $413m op. (Operating income); Operating margin: 13.2% (Operating margin); EBITDA / EBITDAR: $1.141bn (EBITDAR; 36.3% margin) [Defined]; Net profit: $126m (Net income); Load factor: 86.8% (Annual); Capacity / ASK: 34.0bn ASM (Annual); RASK / yield: 9.24¢ TRASM (Annual); CASK ex-fuel: 5.40¢ CASM ex-fuel (Annual); Fuel cost: $2.75/gal (Annual); Cash / liquidity: $954m (Cash and equivalents); Net debt / cash / leverage: 2.6x net debt ÷ EBITDAR (LTM) [Defined]; Fleet size: 143 (Year end). Source: Volaris Q4 2025 results (2024 comparatives).

Quarterly and interim results

  • Q2 2026 (Q2 2026 · 30 Jun 2026): Passengers: 8.1m (+7.1% YoY); Revenue: $859m (+24% YoY); Operating profit / result: −$99m op. (Operating loss); Operating margin: −11.5% (Operating loss ÷ revenue) [Calculated]; EBITDA / EBITDAR: $141m (EBITDAR; 16.3% margin, −11.6pt) [Defined]; Net profit: −$127m (Net loss); Load factor: 84.8% (+2.4pt YoY); Capacity / ASK: 9.1bn ASM (+2.0% YoY); RASK / yield: 9.49¢ TRASM (+21.5% YoY); CASK ex-fuel: 6.75¢ CASM ex-fuel (+18.6% YoY); Total CASK: 10.58¢ CASM (+31.3% YoY); Fuel cost: $4.18/gal (Q2 2025: $2.46); Cash / liquidity: $824m (Cash and short-term investments); Net debt / cash / leverage: 3.3x net debt ÷ EBITDAR (LTM; total debt $692m) [Defined]; Fleet size: 155 (68% neo; average age 6.8 years); Fleet growth / guidance: About +5% ASM (FY2026 guidance; EBITDAR margin about 23%) [Defined]. Source: Volaris Q2 2026 results.
  • Q1 2026 (Q1 2026 · 31 Mar 2026): Revenue: $771m (H1 2026 less Q2) [Calculated]; Net profit: −$72m (H1 2026 less Q2) [Calculated]; Passengers: 7.8m (H1 2026 less Q2) [Calculated]; Capacity / ASK: 8.9bn ASM (H1 2026 less Q2) [Calculated].
  • Q4 2025 (Q4 2025 · 31 Dec 2025): Passengers: 8.2m (+4.4% YoY); Revenue: $882m (+5.6% YoY); Operating profit / result: $100m op. (−14.5% YoY); Operating margin: 11.3% (−2.7pt YoY); EBITDA / EBITDAR: $328m (EBITDAR; 37.2% margin) [Defined]; Net profit: $4m (Net income); Load factor: 85.1% (−2.2pt YoY); Capacity / ASK: 9.4bn ASM (+5.6% YoY); RASK / yield: 9.35¢ TRASM (Flat YoY); CASK ex-fuel: 5.76¢ CASM ex-fuel (+1.4% YoY). Source: Volaris Q4 2025 results.
  • Q2 2025 (Q2 2025 · 30 Jun 2025): Passengers: 7.5m (Quarter); Revenue: $693m (Q2 2026 revenue ÷ 1.24) [Calculated]; Operating profit / result: −$22m op. (Operating loss); Operating margin: −3.2% (Operating loss ÷ revenue) [Calculated]; Net profit: −$63m (Net loss); Load factor: 82.4% (Quarter); Capacity / ASK: 8.9bn ASM (Quarter); RASK / yield: 7.80¢ TRASM (Quarter); CASK ex-fuel: 5.69¢ CASM ex-fuel (Quarter). Source: Volaris Q2 2026 results (comparatives).

Sources