Mexico City, July 26, 2018. - Grupo Viva Aerobus, holding company of Viva Aerobus, Mexico's ultra-low-cost airline, reported a 35% increase in its total operating revenue for the first half of 2018, compared to the same period of 2017, reaching $ 4,198 million pesos. In addition, the airline also achieved a 23% growth in its total operating revenue in 2Q2018, in contrast to 2Q2017, totaling 2,238 million pesos.
These results were driven by the growth in passenger traffic, load factor and increases in unit revenues of the airline; along with the strengthening of operational efficiencies in benefit of costs.
Grupo Viva Aerobus also generated a 47% growth in EBITDAR (Earnings Before Interest, Taxes, Depreciation, Amortization, and Rent) corresponding to the 1H2018, with a total of 1,459 million pesos, compared to 1H2017; as well as an increase of 32% in EBITDAR of 2Q2018, in contrast to 2Q2017, totaling 926 mdp.
Additionally, the company recorded an increase in its net income for the 2Q2018 of 17%, reaching 174 million pesos with a net margin of 8%. Likewise, it reported an increase, year-on-year, in its net income belonging to 1H2018 of 9%, reaching 137 million pesos. These as a result of a safe and reliable service at the best price, characteristics which boosted the preference of travelers.
From April to June, the airline achieved an 18% growth in terms of passengers, transporting more than 2.4 million customers this quarter, also achieving a 92% load factor, one of the highest in the world.
“Besides closing the quarter with solid results that demonstrate the strength of our business model, we are proud to continue our expansion in benefit of a truly accessible connectivity; constantly seeking to improve our value proposal for clients, offering them the best service and the best prices. Furthermore, we started July firmly with the announcement of the second largest purchase of aircraft in our history", said Gian Carlo Nucci, CEO of Grupo Viva Aerobus.
Additionally, in its earnings report corresponding to the 2Q2018, Grupo Viva Aerobus shows the following:
During 2Q2018, Grupo Viva Aerobus launched 6 new regular routes and started to fly 4 new domestic routes, operated with one of the youngest fleets in Mexico and in the world. Its fleet is integrated of 26 aircraft: 22 Airbus 320ceo and 4 Airbus 320neo. Additionally, at the beginning of 3Q2018, Grupo Viva Aerobus announced the purchase of 25 new Airbus A321neo aircraft and requested the upconversion of 16 A320neo, corresponding to a previous order, to the A321neo model.
About Grupo Viva Aerobus
It is the holding of several companies, including the airline Viva Aerobus.
About Viva Aerobus
Viva Aerobus is Mexico's low-cost airline. It started operations in 2006 and today operates the youngest Latin American fleet with 26 Airbus A320, including four A320neo, in 95 routes to 41 destinations. With a clear vision to give all people the opportunity to fly, Viva Aerobus has democratized the airline industry with the lowest rates in México and the lowest costs in Latin America, making their flights the best value offer.
Walfred Castro, Corporate Communication Director of Viva Aerobus - email@example.com
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