Volaris loses 4,294 million pesos in 2020, but closes the year with profits

In the accumulated annual, the decrease in income was 36.2% compared to 2019 and the Ebitda had a negative flow of 2,693 million pesos.

Despite the results of the fourth quarter of 2020, the company expects a challenging start to the year, considering the low season that is usually the period between January and March of each year, together with some flight restrictions, such as those issued by the United States. in January to ask all its passengers for a negative COVID-19 test to enter the country.

“As a result, the company’s plans for the first quarter of 2021 will be more conservative, focused on implementing appropriate levels of capacity to align with the changing environment of demand,” explains the company in its financial report sent to the Mexican Stock Exchange of Values.

To date, the airline’s plan is to operate approximately 80% of capacity compared to the same period last year, measured in available seat miles, which represents a reduction of almost a fifth with respect to the capacity of 99% registered in December.

These results, together with a good cash position of $ 10.103 million in cash, have motivated analysts’ forecasts for the second quarter of the year.

“We hope that during 2021 (Volaris) will continue a recovery trend and that, due to its solid cash position, the company will be able to take advantage of neglected opportunities, maintaining its leadership position in the national market,” said Intercam Casa de Bag.