Volaris (ADR)
Connects Mexico and the Americas with point-to-point, unbundled ultra-low-cost air travel.
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Profile
Provides point-to-point passenger, cargo and mail transport across Mexico and the Americas. Its unbundled fares, v.club memberships and Volaris INVEX co-branded card complement an ultra-low-cost model built on an all-Airbus operating platform.
Operates point-to-point scheduled passenger services across Mexico, the United States, Central America and South America, alongside cargo and mail transport through its airline subsidiary. Its unbundled Tú Decides fares are complemented by v.club memberships and the Volaris INVEX co-branded card.
An all-Airbus operating platform supports the ultra-low-cost model and its point-to-point network. Keeping costs low sits alongside safety and customer service as stated operating pillars.
A collective bargaining agreement covers most of the workforce, making labor terms a continuing operating dependency. The model depends on maintaining low costs across its all-Airbus platform and unbundled fare structure.
Company facts
Categories
Key statistics
Year to date −26.3% · Average volume (30d) 548.2K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 23, 2026 | BTG Pactual | Target | $9 | |||
| Aug 11, 2026 | Goldman Sachs | Reiterate | Neutral | $11.70 | $7.70 | |
| Aug 5, 2026 | UBS | Reiterate | Buy | $11 | ||
| Jun 18, 2026 | Jefferies | Target | $10 | |||
| Jun 14, 2026 | Banco Santander | Target | $8.90 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 21, 2026Q2 FY26 | −$1.08 | −$1.11 | −2.8% | $854.7M | $859.0M | +0.5% | −1.63% |
| Apr 27, 2026Q1 FY26 | −$0.91 | −$0.62 | +31.9% | $44.6M | $44.1M | −1.1% | −1.50% |
| Feb 24, 2026Q4 FY25 | $0.25 | $0.04 | −84.0% | $51.5M | $51.1M | −0.8% | −6.74% |
| Oct 27, 2025Q3 FY25 | −$0.03 | $0.05 | +266.7% | $857.3M | $784.0M | −8.5% | −2.13% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $678.0M | $693.0M | $784.0M | $881.5M | $770.0M | $859.0M | |
| Gross profit | −$6.0M | −$8.0M | $77.0M | $108.8M | −$2.0M | −$58.0M | |
| Operating income | −$10.0M | −$22.0M | $68.0M | $63.9M | −$21.0M | −$99.0M | |
| Net income | −$51.0M | −$63.0M | $6.0M | $4.1M | −$71.0M | −$127.0M | |
| Diluted EPS | −$0.44 | −$0.54 | $0.05 | $0.04 | −$0.62 | −$1.10 | |
| Gross margin | -0.9% | -1.2% | 9.8% | 12.3% | -0.3% | -6.8% | |
| Operating margin | -1.5% | -3.2% | 8.7% | 7.2% | -2.7% | -11.5% |
Fiscal years (4-quarter sums)FY21 $108.8M · FY22 $2.85B · FY23 $3.26B · FY24 $3.14B · FY25 $3.04B
Revenue by geography · FY25
Balance sheet, Jun 30, 2026Cash & short-term investments $817.1M · Total debt $3.86B · Total assets $5.86B · Shareholders' equity $68.0M
Dividends
No dividends on record.
Ownership
Shares outstanding 114.95M · Float 86.64M · 75.4% free float
Insiders — filings are in the shares behind the receipt.
This listing is a depositary receipt and the Form 4 positions here are filed in the shares behind it, a different unit from the share count and in a ratio the filings never state, so no insider percentage is shown.
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Indigo Partners LLC | 21.26M | 18.49% | 13F | Aug 14, 2026 |
| Wellington Management Group LLP | 4.62M | 4.02% | 13F | Aug 14, 2026 |
| Thomist Capital Management, LP | 1.75M | 1.53% | 13F | Aug 14, 2026 |
| Long Focus Capital Management, LLC | 1.64M | 1.43% | 13F | Aug 14, 2026 |
| Teewinot Capital Advisers, L.L.C. | 1.50M | 1.30% | 13F | Aug 14, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| May 28, 2026 | William Dean Donovan | director | −50,000 | $7.67 |
| May 27, 2026 | William Dean Donovan | director | −50,000 | $7.54 |
| May 12, 2026 | William Dean Donovan | director | −50,000 | $7.33 |
Peers
- Grupo Aeroméxico (ADR)
Mexico domestic and Mexico–U.S. network coverage
- United Airlines
Mexico–U.S. service and hub-based network connectivity
- American Airlines Group
Mexico–U.S. service and U.S. hub-network alternatives
- Delta Air Lines
Mexico–U.S. service with Mexico City connectivity
- Alaska Air Group
Mexico–U.S. service within a North American network
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Volaris (ADR) | $6.80 | +0.97% | $774.8M | — | — | 0.2 | +2,210.2% |
| Grupo Aeroméxico (ADR) | $14.74 | +0.48% | $2.14B | 10.1 | 6.5 | 0.5 | — |
| United Airlines | $110.89 | +0.29% | $35.90B | 10.3 | 8.4 | 0.6 | +16.0% |
| American Airlines Group | $13.69 | +0.37% | $9.03B | — | 10.5 | 0.2 | +16.3% |
| Delta Air Lines | $80.10 | +0.05% | $52.66B | 13.3 | 9.8 | 0.8 | +18.7% |
| Alaska Air Group | $42.63 | +0.73% | $4.72B | — | 20.7 | 0.3 | +9.8% |
| Median | 10.3 | 9.8 | 0.5 | +16.1% |