MIAMI – Volaris (Y4) has announced eight Airbus A320neos aircraft to be added to its fleet and is now set to close the year with 98+ aircraft.
The new A320s are an addition to the three Airbus aircraft from a Y4 purchase order. The ultra-low-cost carrier (ULCC) operates in Mexico, the US, and Central America.
The ideal conditions in the aircraft leasing market have facilitated Y4 to reap the benefits, which has enabled the Mexican ULCC to integrate these aircraft with long-term leases. Other Mexican carriers have a smaller capacity, offering Y4 an unprecedented opportunity to expand additional capacity optimally.
In addition, confidence in air travel has accelerated as vaccination programs in American markets have gained momentum. In 2021, by means of direct operating leases, Y4 is therefore set to add eight A320neos to its fleet, five of which are due for service this summer.
According to Airline Geeks, the additional capacity will primarily be used to strengthen the leading position of the carrier on the Mexican market. The company assesses future market opportunities for additional aircraft.
These fuel-efficient aircraft will allow Y4 to take advantage of market opportunities in the second half of the year and to further improve the A320neo fleet percentage. All this is in line with the sustainability strategy of the company to ensure the future viability of the industry and the business.
Volaris Financial, Fleet Operations
Volaris added an A320neo aircraft to its fleet in the first quarter of 2021. As of March 31, 87 Mexican aircraft (six A319s, 65 A320s, and 16 A321s), with an average age of 5.5 years, belonged to the Mexican ULCC. The fleet at Y4 averaged 188 seats by aircraft at the end of the first quarter of 2021. 79% of its aircraft had sharklets, a specialized wingtip on the Airbus A320 aircraft, and 36% were of the neo family.
In Q1 2021, Y4 booked 4.3 million passengers, down 19.1% compared to the same period last year. In addition, traffic measured by the carrier decreased by 18.7% from 2020 over total passenger miles, and the load factor decreased by 6.6% to 78.1%.
Since the COVID-19 pandemic began, a “cash-conservation” plan, which achieved significant results in 2020, was been developed by tY4. In an airline release, Y4 said the focus of the airline was on combining the delays in payment and the fleet plan to meet post-COVID 19 traffic requirements during the first quarter of 2021.
Volaris sought a working capital optimization of US$100m in the first quarter of 2021. To date, US$87m has been concluded by the airline. The carrier also works to further improve its competitiveness by preserving cash and reducing the total costs of its fleet in other activities connected with it.
Featured image: Volaris N531VL Airbus A320-271N. Photo: Misael Ocasio Hernanadez/Airways