VLRS · VLRS Q2 FY2026 earnings call record财报电话会记录

“That is a significant accomplishment for an ultra-low-cost carrier operating in an emerging market, where customers are highly price sensitive, and pricing actions must be carefully balanced with preserving demand.”

“International capacity reached 43% of total ASMs during the quarter, up from roughly 30% three years ago.”

“Consistent with this pace, we expect full-year ASM growth of approximately 5%, with continued emphasis on the U.S.”

“Once fully realized, it is expected to generate approximately $50 million in annual lease savings and reduce lease liabilities by around $360 million, supporting higher utilization and stronger margins while creating a meaningful structural tailwind to earnings and free cash flow generation.”

“For the second quarter, total ASMs grew 2%, reflecting 8% growth internationally and a 2% reduction in the domestic market.”

“ASMs increased by 12%, average base fares rose by 25%, and traffic grew by 21%, well above the industry average.”

“We will calibrate these levers by market to protect margins and cash generation while preserving demand.”

“EBIT was negative $99 million with a negative 11.5% margin, while net loss for the quarter was $127 million, reflecting a $137 million impact from the year-over-year increase in fuel expense.”

“Supported by this disciplined deployment strategy and healthy peak summer demand, for the third quarter of 2026, we expect ASM growth of approximately 10% year-over-year, RASM of around $0.0990, CASM ex fuel of approximately $0.0635, and an EBITDAR margin of around 22%.”

“For full year 2026, this translates into ASM growth of approximately 5% year-over-year, an EBITDAR margin of around 23%, and CapEx of around $350 million.”

“We are proactively managing capacity and the fares in both the international and domestic markets based on what the booking trends are and what we're seeing, and obviously the volumes and load factors as well.”

“In Mexico, where we serve that price-sensitive customer base that I was mentioning, we are carefully calibrating fares to improve TRASM while preserving volumes and affordability.”