Volaris Q4 US$882M Revenues, 37.2% EBITDAR Margin; Airports Operations Normal
Volaris posted Q4 2025 net income of US$4 million on revenues of US$882 million (+6%), delivering an EBITDAR margin of 37.2% despite a 3% rise in CASM to 8.29 cents. The carrier confirmed normal operations at Guadalajara and Puerto Vallarta and full-year 2025 net loss of US$104 million on US$3.04 billion in revenues.
1. Fourth Quarter 2025 Results
Volaris posted Q4 net income of US$4 million on US$882 million in operating revenues, up 6% year-over-year. TRASM held at 9.35 cents while CASM rose 3% to 8.29 cents, resulting in stable US$328 million of EBITDAR and a 37.2% margin, down 2.4 percentage points.
2. Full Year 2025 Performance
Full-year 2025 revenues totaled US$3.04 billion, down 3% from 2024, while available seat miles rose 6% to 36.1 billion. The company recorded a US$104 million net loss and EBITDAR of US$988 million with a 32.5% margin, while cash and short-term investments remained at US$774 million (25% of LTM revenues).
3. 2026 Outlook
Management expects 2026 capacity growth of approximately 7% ASM, emphasizing cross-border markets and disciplined deployment. A reduction in engine-related aircraft on ground from 41 to 25 by year-end should improve fleet availability, with maintenance and redelivery accruals temporarily pressuring unit costs before narrowing the EBITDAR-to-EBIT margin spread by about four percentage points.
4. Airport Operations Update
Operations at Guadalajara (GDL) and Puerto Vallarta (PVR) airports are running normally with no service disruptions. Volaris continues offering alternate solutions through its website and support channels to customers affected earlier by external events.