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Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) provided Q1 and FY 2024 guidance.
Q1 2024 ASM Y/Y growth is expected to range from -16% to -18%, compared to +17.7% in Q1 2023. EBITDAR margin expected between 25% and 27% vs. Q1 2023 margin of 16.8%.
For FY 2024, ASM growth is expected to range from -16% to -18%, compared to +10% in 2023. EBITDAR margin expected between 31% and 33% vs. 2023 margin of ~26%.
The company’s priorities for the year are: (i) ensuring the safety of our ambassadors and customers; (ii) driving profitability; and (iii) optimizing network reliability.
The stock price marginally climbed 0.57% on Friday during pre-market hours of trading.