Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (VLRS) Earnings
Controladora Vuela Compañía de Aviación, S.A.B. de C.V. is expected to report next earnings on July 20, 2026 (in NaN days), with a consensus EPS estimate of $-0.07. VLRS has beaten EPS estimates in 9 of its last 12 reported quarters (average surprise +11.1% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 28, 2026 | $-0.91 | $-0.62 | +31.9% | $44M | -1.1% |
| Feb 25, 2026 | $0.25 | $0.04 | -84.0% | $882M | +9.9% |
| Jul 21, 2025 | $-0.75 | $-0.54 | +28.0% | $37M | -95.3% |
| Oct 22, 2024 | $0.19 | $0.32 | +68.4% | $42M | -95.0% |
| Jul 22, 2024 | $0.05 | $0.09 | +80.0% | $40M | -8.2% |
| Jul 24, 2023 | $0.24 | $0.05 | -79.2% | $46M | -6.7% |
| Feb 21, 2023 | $0.25 | $0.24 | -4.0% | $42M | -6.9% |
| Jul 21, 2022 | $-0.43 | $-0.42 | +2.3% | $34M | -0.9% |
| Feb 24, 2022 | $-27.31 | $0.65 | +102.4% | $33M | +3.3% |
| Oct 21, 2021 | $0.42 | $0.64 | +52.4% | $31M | +5.3% |
| Jul 15, 2021 | $-0.07 | $0.67 | +1057.1% | $29M | +46.7% |
| Apr 22, 2021 | $-0.38 | $-0.31 | +18.4% | $16M | -25.2% |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q1 FY2026 · April 28, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
Key managerial messages include: Capacity adjustments with second quarter ASM guidance revised to 0% to 2%, domestic market reduced by around 3% and international mid to high single-digit growth. Fleet management with return of engines, re-delivery of aircrafts, and new aircraft arrivals. Merger agreement progress with focus on getting regulatory approvals. Fuel recapture expectations with 20% to 30% in second quarter and planned improvement in third quarter. Also, discussion on fleet strategy including aircraft deliveries and sales affecting capacity and cash.
Guidance
Second quarter ASM guidance is now 0% to 2% (10 percentage points less than originally planned). Domestic market reduced by around 3% in second quarter, international is mid to high single digit growth. CASOM expected at 6.2 for full year. Fuel recapture expected to be 20% to 30% in second quarter and improve in third and fourth quarters with constructive trajectory in second half supporting improved earnings.
Analyst Q&A
Q: There is a 70 cents of cash next year impact from recurring and capacity reductions. Will all this go away as of 30Q26, or should we continue to see part of that impact?
A: As Jaime mentioned, second queue will be highest peak of the year, times continue, it will normalize. Impact of around 0.70 cents in second queue, with FX effect plus capacity cut around 0.22 to 0.3. CASOM for full year at 6.2.
Q: How is the company managing to keep capacity growth under mid-single-digit rates by flying back the grounded aircraft from Breton Whitney? And are these going to generate extra delivery costs besides the one-off expected in the second queue?
A: Enrique Beltranena said fleet management is combination of return of Pratt & Whitney engines, re-delivery of aircrafts, arrivals of new Airbus aircrafts. Structurally in fleet strategy with sold aircrafts to Alessor, postponed deliveries managing capacity and cash.
Q: Given how dynamic the backdrop has been since merger agreement was first announced, are the economics fixed in your agreement, or are there adjustment mechanisms based on your relative profitability?
A: Enrique Beltranena said structure allows both airlines to maintain independent operations, need to accelerate working with authorities for approvals. No adjustment mechanisms in transaction.
Q: How is the company managing to keep capacity growth below mid single-ditch rates while receiving aircraft back?
A: Holger said model is more flexible inherently driven by lower restrictions on crew rostering, nimbly adjusting frequencies.
Q: How the booking curve is evolving and expectations on fuel cost recapture?
A: Holger said solid booking trends into summer high season, international load factor improving. Fuel recapture 20% to 30% in second quarter, more progressive improvement in back half.
Q: Assuming jet fuel remains at spot levels, at what level should we expect TRASM to be in third quarter?
A: Holger said continuously evaluate fare adjustment and ancillary side, plan to sequentially improve fuel pass-through, sustained double-digit TRASM growth in second quarter and plan to sustain into third quarter.
Q: $2 million in fuel savings from switching to new generation aircraft. Is that at current jet fuel prices or pre the spike? And delta in lease cost?
A: Jaime said $2 million corresponds to adding 10 aircrafts switching from CO to NEO at current fuel prices, no effect on rent as paying for same number of aircrafts, deliveries this year are SEALs part of strategic plan to reduce gap between productive and unproductive.