NYSE$VLRS
Controladora Vuela Cia de Aviacion SAB de CV · Q3 2025 earnings
Q3 2025 earnings · · After market close · Investor relations
Briefing
Volaris earned Q3 net income of $6M on $784M revenue as EBITDAR margin held at 33.6% despite 8% lower TRASM and higher ASMs.
Volaris reported third-quarter 2025 total operating revenue of $784 million, down 3.6% year over year, as total revenue per available seat mile fell 7.7% to 8.65 cents while ASMs rose 4.6% to 9.1 billion. Net income was $6 million ($0.05 per ADS) versus $37 million a year ago; EBIT was $68 million (8.6% margin) and EBITDAR was $264 million with a 33.6% margin, down 5.1 points. Scheduled load factor was 84.4% on 7.9 million passengers, and liquidity totaled $794 million, equal to 27% of last-twelve-months revenue.
- Operating revenue was $784M (-3.6% YoY); TRASM fell 7.7% to $0.0865 while ASMs grew 4.6% to 9.07B.
- Net income was $6M ($0.05/ADS) versus $37M prior year; EBIT margin compressed to 8.6% from 15.5%.
- EBITDAR was $264M with a 33.6% margin, aligned with quarterly guidance despite a 16% YoY decline.
- Passengers rose 3.2% to 7.9M on 152 aircraft; CASM ex-fuel increased 2% to $0.0548.
- Cash and short-term investments totaled $794M; net debt-to-LTM EBITDAR was 3.1x.
Headline financials
Revenue & EPS history
Volaris · Revenue · Quarterly
$784M
Revenue by segment
Volaris · $655M total across 2 segments · Q2 2025
- Other passenger revenues$370M—56.5%
- Fare revenues$285M—43.5%
Forward guidance
Full-year 2025 guidance calls for roughly 7% ASM growth, EBITDAR margin of 32–33%, and capex of about $250M.
Tailwinds
- Q3 EBITDAR margin of 33.6% met company guidance
- Liquidity at 27% of LTM revenue supports conservative cash management
Headwinds
- TRASM down 7.7% on softer unit revenues
- Net income down 84% year over year to $6M
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2025
-1.2%
Avg return
Earnings day
-2.7%
Avg return
5 days after
-4.3%
Avg return
30 days after
43%
20 / 46 earnings
Positive
+12.4%
Q2 2018
Best reaction
-34.1%
Q1 2018
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2025 | -7.2% | -17.1% | -26.8% | |
| Q3 2025 | -6.4% | -4.5% | +5.8% | |
| Q2 2025 | -1.2% | +8.4% | +20.6% | |
| Q4 2024 | -12.6% | -16.6% | -27.2% | |
| Q3 2024 | +0.7% | +1.0% | +13.7% | |
| Q2 2024 | +4.0% | +3.9% | -10.1% | |
| Q1 2024 | +8.2% | +7.5% | -0.6% | |
| Q4 2023 | -1.1% | -1.8% | -0.7% | |
| Q2 2023 | -8.5% | -10.7% | -30.7% | |
| Q1 2023 | -7.8% | +0.3% | +8.8% | |
| Q4 2022 | +0.4% | +2.3% | -0.7% | |
| Q2 2022 | -13.3% | -9.8% | -0.9% | |
| Q1 2022 | +1.2% | -4.9% | -6.7% | |
| Q4 2021 | +0.5% | -14.6% | -24.3% | |
| Q2 2021 | +2.7% | +1.7% | -10.0% | |
| Q1 2021 | +8.4% | +12.5% | +19.9% | |
| Q4 2020 | +4.7% | +10.0% | +4.2% | |
| Q3 2020 | +5.2% | -5.4% | +20.2% | |
| Q2 2020 | -2.0% | +2.0% | +46.9% | |
| Q1 2020 | -0.8% | +12.3% | +23.9% | |
| Q4 2019 | -3.1% | -19.7% | -69.5% | |
| Q3 2019 | -0.5% | +2.4% | +0.2% | |
| Q2 2019 | -4.2% | -7.1% | -20.3% | |
| Q1 2019 | +3.6% | +7.8% | +6.4% | |
| Q4 2018 | +9.5% | +4.2% | +6.0% | |
| Q3 2018 | -4.3% | -8.9% | -8.1% | |
| Q2 2018 | +12.4% | +17.9% | +17.9% | |
| Q1 2018 | -34.1% | -33.2% | -37.5% | |
| Q4 2017 | -1.2% | +0.9% | -11.1% | |
| Q3 2017 | -0.5% | +1.9% | -4.7% | |
| Q2 2017 | -6.8% | -10.8% | -14.1% | |
| Q1 2017 | -5.7% | -6.2% | -4.0% | |
| Q4 2016 | -11.5% | -16.1% | -11.4% | |
| Q3 2016 | -2.4% | -3.1% | -22.9% | |
| Q2 2016 | -0.3% | -1.6% | -2.3% | |
| Q1 2016 | +1.7% | — | — | |
| Q4 2015 | -4.3% | — | — | |
| Q3 2015 | +4.2% | — | — | |
| Q2 2015 | +3.6% | — | — | |
| Q1 2015 | +1.9% | — | — | |
| Q4 2014 | +10.0% | — | — | |
| Q3 2014 | -8.2% | — | — | |
| Q2 2014 | +9.8% | — | — | |
| Q1 2014 | -0.5% | — | — | |
| Q4 2013 | -0.4% | — | — | |
| Q3 2013 | +2.3% | — | — | |
| Q2 2013 | — | — | — | |
| Q1 2013 | — | — | — | |
| Q4 2012 | — | — | — | |
| Q3 2012 | — | — | — | |
| Q2 2012 | — | — | — | |
| Q1 2012 | — | — | — |
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