VLRS Controladora Vuela Compania de Aviacion, S.A.B. de C.V. American Depositary Shares, each representing ten (10) Ordinary Participation Certificates
About Controladora Vuela Compania de Aviacion, S.A.B. de C.V. American Depositary Shares, each representing ten (10) Ordinary Participation Certificates Company overview from Wikipedia
Concesionaria Vuela Compañía de Aviación S.A.B. de C.V., operating as Volaris, is a Mexican ultra low-cost airline based in Santa Fe, Álvaro Obregón, Mexico City, with its operating bases in Cancún, Culiacán, Guadalajara, León/Del Bajío, Mexicali, Mexico City, Monterrey, and Tijuana. It is Mexico's largest airline by transported passengers and serves domestic and international destinations within the Americas. It is the leading airline in the Mexican domestic airline market with a market share of 42%.
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Concesionaria Vuela Compañía de Aviación S.A.B. de C.V., operating as Volaris, is a Mexican ultra low-cost airline based in Santa Fe, Álvaro Obregón, Mexico City, with its operating bases in Cancún, Culiacán, Guadalajara, León/Del Bajío, Mexicali, Mexico City, Monterrey, and Tijuana. It is Mexico's largest airline by transported passengers and serves domestic and international destinations within the Americas. It is the leading airline in the Mexican domestic airline market with a market share of 42%.
History
The pre-operations phase, the founding of the legal entities and setting up of the required infrastructure, started in August 2005 under the name Vuela Airlines. The idea for the airline was formed from the proposed "Vuelamex" project. Major initial shareholders of the company were Grupo Televisa (the world's biggest Spanish-language media conglomerate), Inbursa (an insurance company owned by multi-billionaire Carlos Slim), TACA Airlines, and the Discovery Americas Fund. Each of these partners invested 25% of the initial cost of activities, or 100 million USD.
In July 2010, it was announced that Televisa and Inbursa had sold their stake in Volaris, leaving the ownership of Volaris as follows: TACA Airlines with Roberto and Maria Cristina Kriete (50%), Investment fund Discovery Americas (over 25%), and Indigo Partners: Fund led by former America West CEO Bill Franke.
Ticket sales started in January 2006. Following the delivery of the airline's first aircraft, the first non-commercial flight was operated in February 2006. Scheduled revenue flights were launched on March 13, 2006, with the inaugural flight being between Toluca and Tijuana.
Volaris began service to Mexico City in September 2010 after absorbing flight routes from two defunct Mexican airlines, Aerocalifornia and Mexicana. In March 2011, the airline announced that its hub in Toluca would move to Guadalajara.
In June 2012, the airline launched a frequent flyer program called VClub. In June 2012, PayPal became a payment alternative for the airline, enabling customers to purchase tickets directly from the airline's website. In September 2012, Volaris announced a codeshare partnership with a German airline, Condor. Passengers of Condor are able to fly to more international destinations.
On March 13, 2013, the airline celebrated its seventh anniversary, offering passengers 70% off all flights, and has done this every year since then. Volaris announced the creation of a subsidiary, Volaris Costa Rica, in March 2016. The subsidiary, based at Juan Santamaría International Airport in the Costa Rican capital of San José, started operations in November 2016.
As of 2022, Volaris has faced multiple class-action lawsuits due to failure to properly refund flights canceled due to the COVID-19 pandemic.
In December 2025, Volaris and competitor Viva have signed an agreement to form a holding company, creating the largest low-cost airline group in Mexico. The deal aims to lower fleet costs, while both airlines would maintain their brands.
In 2025, Mexico's Federal Civil Aviation Agency (AFAC) authorized Volaris to operate 10 aircraft with foreign pilots between December 1, 2025, and January 12, 2026; the Association of Airline Pilots of Mexico (ASPA) claim the decision breaches Mexico's Constitution and Civil Aviation Law.
International operations
In November 2008, Volaris announced a codeshare agreement with U.S.-based low-cost carrier Southwest Airlines. In April 2009, Volaris announced the start of U.S.-bound flights out of Toluca and Guadalajara (initially to Los Angeles and Oakland) to feed into the hubs of Southwest Airlines. After Mexicana de Aviación's shutdown, Volaris took over many of Mexicana's international destinations and flights from its focus city, Guadalajara. The airline began using Guadalajara International Airport as an American gateway hub in late 2011.
In February 2013, Volaris and Southwest stopped codesharing. Southwest decided to focus more on the Mexican market with AirTran Airways, instead of codesharing with Volaris. In January 2018, Volaris announced a codeshare agreement with American low-cost carrier Frontier Airlines.
In June 2018, after Donald Trump signed an order ending the family separation policy, Volaris announced that they would offer free flights for children to reunite with family members who had been deported.
Corporate affairs
Business trends
The key trends for Volaris are (as of the financial year ending 31 December):
Headquarters
The airline is headquartered in Santa Fe, Álvaro Obregón, Mexico City. It formerly had its headquarters on the first floor of Prolongación Paseo de la Reforma 490 in Peña Blanca, Santa Fe.
Services
Volaris cabins are configured in a single class, high density layout.
Volaris does not provide complimentary meals or drinks on its flights. Passengers may purchase items on board from the "Entre nubes" buy on board program. Onboard sales are an important part of the airline's ancillary revenue. Items such as snacks, pillows, blankets and Volaris-branded items are sold on board. Volaris' monthly inflight magazine is called "V de Volaris".
The airline had previously provided in-flight entertainment (IFE) in most aircraft, utilizing drop-down screens on its Airbus aircraft. By 2019, all use of IFE had been discontinued.
Frequent flyer program
VClub is Volaris' frequent flyer program. It gives members exclusive deals on flights, baggage and packages. The airline offers individual and group memberships, with the option to pay monthly or annually. Volaris offers VPass, similar to Spirit's "$9 Fare Club". It offers a set subscription price, and charges customers only for taxes and additional services. Customers can book codeshare flights and earn points through fellow ultra-low-cost carrier, Frontier Airlines.
Corporate identity
Brand image
The Volaris logo, since its launch in 2005, has been a colorful, pixelated star against a black background. It represents the north star, Polaris, from which the airline's name is derived.
Advertising slogans
Volaris has used several slogans over the years:
2005–2008 – "Lo quieres, lo tienes" (You want it, you got it.)
2008–2012 – "Vive viajando" (Live travelling)
2013–2017 – "Tu decides" (You decide). Launched after the introduction of the "clean fare", which no longer included the cost of food, baggage, or seat selection in the airline's ticket prices.
2015 – "Queremos que todo el mundo vuele" (We want the whole world to fly)
2015–present – "Precios que te hacen viajar" (Prices that make you travel)
2016 – "Avión a precio de camión" (The plane at the price of a bus)
November 2018–present – "Don't just fly, vuela"
Destinations
Volaris operates scheduled flights to Mexico and elsewhere in the Americas from its hubs at Guadalajara International Airport in Guadalajara, Mexico City International Airport in Mexico City, and Tijuana International Airport in Tijuana. Focus cities include Cancún International Airport in Cancún, Bajío International Airport in León, and Monterrey International Airport in Monterrey.
Operating bases
Volaris operates crew bases at the following airports:
Cancún
Culiacán
Guadalajara
León/Del Bajío
Mexico City
Monterrey
Morelia
Tijuana
Codeshare agreements
Frontier Airlines
Hainan Airlines
Iberia
Copa Airlines
Interline agreements
Condor
Fleet
Current fleet
As of October 2025, Volaris operates an all-Airbus A320 family fleet composed of the following aircraft:
Fleet development
Volaris became the first North American operator of the Airbus A320neo aircraft in September 2016.
In November 2017, during the Dubai Airshow, Indigo Partners announced an order for 430 aircraft of the Airbus A320neo family of which 80 will be for Volaris as follows: 46 Airbus A320neo aircraft and 34 Airbus A321neo aircraft.
In November 2021 during the Dubai Airshow, Volaris announced an order for 39 Airbus A321neo. An existing order for 20 Airbus A320neo aircraft was converted into A321neo.
On June 20, 2023, during the Paris Air Show, Volaris announced an order for 25 Airbus A321neo aircraft.
Incidents
On 8 December 2024, a passenger tried to enter the cockpit of a Volaris aircraft flying from Leon to Tijuana, forcing its diversion to Guadalajara, where the passenger was arrested after having been previously subdued by other passengers. The suspect said that he wanted to divert the aircraft to the United States after receiving a death threat from drug cartels.
Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗
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VLRS Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
- Strong Buy 2 18.2%
- Buy 5 45.5%
- Hold 4 36.4%
- Sell 0 0.0%
- Strong Sell 0 0.0%
12-Month Price Target
13 analysts · 2026-08-14Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $-0.11 | $-0.13 | 0.02% |
| March 31, 2026 | $-0.06 | $-0.08 | 0.02% |
| Dec. 31, 2025 | $0.00 | $0.02 | -0.02% |
| Sept. 30, 2025 | $0.01 | $-0.00 | 0.01% |
| June 30, 2025 | $-0.05 | $-0.08 | 0.02% |
| March 31, 2025 | $0.00 | $0.02 | -0.02% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| VLRS | — | — | — | — | — | — |
| AERO | — | — | — | — | — | — |
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Institutional owners (13F) 87 filers · $345.2M total · As of June 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 13 (-21 vs prior Q) | 22 (+11 vs prior Q) | 21 (-7 vs prior Q) | 25 (+8 vs prior Q) | -546K |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| Indigo Partners LLC | $199,183,393 | 21,257,566 | 57.71% | Shares |
| WELLINGTON MANAGEMENT GROUP LLP | $26,792,119 | 2,859,351 | 7.76% | Shares |
| Thomist Capital Management, LP | $16,441,670 | 1,754,714 | 4.76% | Shares |
| Long Focus Capital Management, LLC | $15,366,800 | 1,640,000 | 4.45% | Shares |
| Teewinot Capital Advisers, L.L.C. | $14,008,731 | 1,495,062 | 4.06% | Shares |
| DISCOVERY CAPITAL MANAGEMENT, LLC / CT | $9,034,282 | 964,171 | 2.62% | Shares |
| GOLDMAN SACHS GROUP INC | $7,267,981 | 775,665 | 2.11% | Shares |
| AMERICAN CENTURY COMPANIES INC | $7,193,255 | 767,690 | 2.08% | Shares |
| Walleye Capital LLC | $6,703,364 | 715,407 | 1.94% | Shares |
| BANK OF AMERICA CORP /DE/ | $6,039,405 | 644,547 | 1.75% | Shares |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $4,609,890 | 491,984 | 1.34% | Shares |
| Ancient Art, L.P. | $3,805,522 | 406,139 | 1.10% | Shares |
| BARCLAYS PLC | $2,471,497 | 263,767 | 0.72% | Shares |
| Diametric Capital, LP | $2,370,225 | 252,959 | 0.69% | Shares |
| Empowered Funds, LLC | $2,313,078 | 246,860 | 0.67% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $2,094,720 | 223,556 | 0.61% | Shares |
| DIVERSIFY WEALTH MANAGEMENT, LLC | $1,657,591 | 212,240 | 0.48% | Shares |
| Diversify Advisory Services, LLC | $1,657,591 | 212,240 | 0.48% | Shares |
| JANE STREET GROUP, LLC | $1,551,466 | 165,578 | 0.45% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $1,403,626 | 149,800 | 0.41% | Shares |
| Birnam Oak Advisors, LP | $1,219,580 | 130,158 | 0.35% | Shares |
| M&T Bank Corp | $1,189,194 | 126,915 | 0.34% | Shares |
| WOLVERINE TRADING, LLC | $897,512 | 131,600 | 0.26% | Call option |
| Numerai GP LLC | $658,046 | 70,229 | 0.19% | Shares |
| WINTON GROUP Ltd | $653,089 | 69,700 | 0.19% | Shares |
| ANTIPODES PARTNERS Ltd | $615,112 | 65,647 | 0.18% | Shares |
| Farther Finance Advisors, LLC | $599,689 | 64,001 | 0.17% | Shares |
| STATE STREET CORP | $553,879 | 59,112 | 0.16% | Shares |
| XTX Topco Ltd | $453,752 | 48,426 | 0.13% | Shares |
| STIFEL FINANCIAL CORP | $441,022 | 47,068 | 0.13% | Shares |
| Engineers Gate Manager LP | $412,046 | 43,975 | 0.12% | Shares |
| Cresset Asset Management, LLC | $388,892 | 41,504 | 0.11% | Shares |
| PRIMECAP MANAGEMENT CO/CA/ | $384,170 | 41,000 | 0.11% | Shares |
| CITADEL ADVISORS LLC | $374,697 | 39,989 | 0.11% | Shares |
| PRELUDE CAPITAL MANAGEMENT, LLC | $318,692 | 34,012 | 0.09% | Shares |
| HB Wealth Management, LLC | $309,379 | 33,018 | 0.09% | Shares |
| PEAK6 LLC | $297,966 | 31,800 | 0.09% | Call option |
| CONFLUENCE INVESTMENT MANAGEMENT LLC | $287,434 | 30,676 | 0.08% | Shares |
| WOLVERINE TRADING, LLC | $255,839 | 37,513 | 0.07% | Shares |
| MARSHALL WACE, LLP | $220,364 | 23,518 | 0.06% | Shares |
| Inspire Advisors, LLC | $193,849 | 20,724 | 0.06% | Shares |
| OPPENHEIMER & CO INC | $191,617 | 20,450 | 0.06% | Shares |
| Savant Capital, LLC | $190,748 | 20,357 | 0.06% | Shares |
| NewEdge Wealth, LLC | $187,400 | 20,000 | 0.05% | Shares |
| CWM, LLC | $186,003 | 25,691 | 0.05% | Shares |
| MORGAN STANLEY | $152,450 | 16,270 | 0.04% | Shares |
| State of Wyoming | $142,443 | 15,202 | 0.04% | Shares |
| MMA ASSET MANAGEMENT LLC | $140,550 | 15,000 | 0.04% | Shares |
| Persistent Asset Partners Ltd | $137,308 | 14,654 | 0.04% | Shares |
| Allegheny Financial Group | $128,191 | 13,681 | 0.04% | Shares |
| Voleon Capital Management LP | $124,321 | 13,268 | 0.04% | Shares |
| JANE STREET GROUP, LLC | $119,936 | 12,800 | 0.03% | Call option |
| CITADEL ADVISORS LLC | $109,629 | 11,700 | 0.03% | Call option |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $106,078 | 11,321 | 0.03% | Shares |
| INSIGNEO ADVISORY SERVICES, LLC | $103,819 | 11,080 | 0.03% | Shares |
| Quadrature Capital Ltd | $95,930 | 10,238 | 0.03% | Shares |
| UBS Group AG | $79,336 | 8,467 | 0.02% | Shares |
| Walleye Capital LLC | $39,354 | 4,200 | 0.01% | Put option |
| CITIGROUP INC | $30,780 | 3,285 | 0.01% | Shares |
| BlackRock, Inc. | $30,682 | 3,274 | 0.01% | Shares |
| GAMMA Investing LLC | $30,593 | 3,265 | 0.01% | Shares |
| Rockefeller Capital Management L.P. | $25,280 | 2,698 | 0.01% | Shares |
| MERCER GLOBAL ADVISORS INC /ADV | $24,671 | 2,633 | 0.01% | Shares |
| WELLS FARGO & COMPANY/MN | $15,451 | 1,649 | 0.00% | Shares |
| Elequin Capital, LP | $12,350 | 1,318 | 0.00% | Shares |
| OSAIC HOLDINGS, INC. | $12,340 | 1,317 | 0.00% | Shares |
| RHUMBLINE ADVISERS | $10,062 | 1,074 | 0.00% | Shares |
| JPMORGAN CHASE & CO | $8,760 | 945 | 0.00% | Shares |
| EverSource Wealth Advisors, LLC | $8,358 | 892 | 0.00% | Shares |
| GROUP ONE TRADING LLC | $6,784 | 724 | 0.00% | Shares |
| Parallel Advisors, LLC | $4,938 | 527 | 0.00% | Shares |
| SIMPLEX TRADING, LLC | $3,682 | 393 | 0.00% | Shares |
| ISLAY CAPITAL MANAGEMENT, LLC | $3,280 | 350 | 0.00% | Shares |
| Stone House Investment Management, LLC | $2,183 | 233 | 0.00% | Shares |
| ROYAL BANK OF CANADA | $1,000 | 123 | 0.00% | Shares |
| Lindbrook Capital, LLC | $987 | 189 | 0.00% | Shares |
| Larson Financial Group LLC | $881 | 94 | 0.00% | Shares |
| Jump Financial, LLC | $815 | 87 | 0.00% | Shares |
| Physician Wealth Advisors, Inc. | $741 | 79 | 0.00% | Shares |
| Caitong International Asset Management Co., Ltd | $665 | 71 | 0.00% | Shares |
| Janney Capital Management LLC | $489 | 55,120 | 0.00% | Shares |
| Janney Montgomery Scott LLC | $435 | 46,472 | 0.00% | Shares |
| SkyView Investment Advisors, LLC | $297 | 41,003 | 0.00% | Shares |
| FNY Investment Advisers, LLC | $187 | 20,000 | 0.00% | Shares |
| HRT FINANCIAL LP | $97 | 10,355 | 0.00% | Shares |
| NATIONAL BANK OF CANADA /FI/ | $47 | 5 | 0.00% | Shares |
| ROTHSCHILD INVESTMENT LLC | $9 | 1 | 0.00% | Shares |
Company insiders 10 insiders · 0 officers · 2 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| William Dean Donovan | Director | May 28, 2026 S | 2,946,050 | 0 | 1 | $-383,500 |
| Yanez Ricardo Maldonado | Director | April 28, 2026 M | 405,712 | 0 | 0 | $0 |
| John Slowik | — | April 28, 2026 M | 312,710 | 0 | 0 | $0 |
| Enrique Javier Beltranena Mejicano | — | April 28, 2026 M | 13,965,052 | 0 | 0 | $0 |
| Monica Aspe Bernal | — | April 28, 2026 M | 196,414 | 0 | 0 | $0 |
| Ricardo Maldonado Yanez | — | April 28, 2026 M | 405,712 | 0 | 0 | $0 |
| Fernandez Jose Luis Fernandez | — | April 28, 2026 M | 446,927 | 0 | 0 | $0 |
| Stan L Pace | — | April 28, 2026 M | 349,240 | 0 | 0 | $0 |
| Joaquin Alberto Palomo Deneke | — | April 28, 2026 M | 222,710 | 0 | 0 | $0 |
| Marco Baldocchi Kriete | — | April 24, 2026 A | — | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
Activists & 5%+ owners 1 position
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
| Filer | Filed | Stake | Status | Purpose | Filing |
|---|---|---|---|---|---|
| Long Bar LatAM LLC, Indigo Mexico Cooperatief U.A., Indigo LatAm LP, Long Bar LatAm II LP, Indigo Mexico LLC, FRANKE WILLIAM A ×2 filings | Dec. 22, 2025 | 18.20% | Amendment | — | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
ETF ownership Held by 5 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| AVEE · AMERICAN CENTURY ETF TRUST | 0.10% | 15,115 NS | May 31, 2026 | N-PORT |
| AVES · AMERICAN CENTURY ETF TRUST | 0.05% | 87,254 NS | May 31, 2026 | N-PORT |
| AVXC · AMERICAN CENTURY ETF TRUST | 0.02% | 12,102 NS | May 31, 2026 | N-PORT |
| APIE · Trust for Professional Managers | 0.02% | 26,729 NS | May 31, 2026 | N-PORT |
| AVEM · AMERICAN CENTURY ETF TRUST | 0.02% | 608,792 NS | May 31, 2026 | N-PORT |