Volaris announces minimum increases in its base fares for domestic and international flights due to the rise in oil prices
The airline seeks to compensate the effect of the surge in fuel costs through an increase in its base fares
Mexico City, Mexico, May 14, 2018 - Volaris (NYSE: VLRS and BMV: VOLAR), the ultra-lowcost Mexican airline operating in Mexico, the United States and Central America, responds to the rise in oil prices with an increase in their base fares of 50 pesos on domestic routes, and 5 dollars on its international routes, starting on Thursday, May 17, 2018.
"With the aim of consolidating our ultra-low-cost model in the face of the abrupt rise in oil prices and, therefore, the jet fuel that represents approximately 30% of our costs, we are forced to increase our base fares in a minimal way to guarantee that our costs are stabilized, "said Enrique Beltranena, Executive President and CEO of Volaris.
Volaris maintains its commitment to offer the lowest fares with prices that make you fly, and the best service in its operations, amounting to 308 daily flights in 165 routes, 92 domestic and 73 international.
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Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE: VLRS and BMV: VOLAR) is an ultra-low cost airline providing point to point services and operating between Mexico, US, and Central America. The ultra-low cost highly efficient business model offered by Volaris provides low base fares to develop its market, coupled with outstanding levels of quality services and a wide array of products. Since beginning their operations in March 2006, Volaris has increased its routes from an initial 5 to more than 165 and its fleet from 4 to 72 aircraft. Volaris currently operates over 319 daily flight segments on routes connecting 40 cities in Mexico and 27 cities internationally. Volaris targets passengers visiting friends and family, price sensitive business travelers, and leisure travelers in Mexico and to select destinations. Proudly Mexican, Volaris is regarded as one of the new leading companies in the country. Among other recognitions, Volaris has received the prestigious ESR Award for Social Corporate Responsibility for seven consecutive years. For more information, please visit: www.volaris.com