Cowen Downgrades Volaris (VLRS) to Market Perform

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Go back to Cowen Downgrades Volaris (VLRS) to Market Perform

Volaris Reports Fourth Quarter and Full Year 2015: Record 37% and 36% Adjusted EBITDAR Margin

February 22, 2016 7:00 AM EST

MEXICO CITY--(BUSINESS WIRE)-- Volaris* (NYSE: VLRS and BMV: VOLAR), the ultra-low-cost airline serving Mexico, the United States and Central America, today announced its financial results for the fourth quarter and full year 2015.

The following financial information, unless otherwise indicated, is presented in accordance with International Financial Reporting Standards (IFRS).

Fourth Quarter and Full Year 2015 Highlights

Total operating revenues were Ps.5,092 million and Ps.18,180 million for the fourth quarter and full year, an increase of 28.7% and 29.5% year over year, respectively.... More