Viva Aerobus Reports Historic 2021By Emilio Aristegui | Mon, 02/28/2022 - 14:35
Viva Aerobus continues to take over the Mexican market and reports outstanding growth and achievements in 2021, when it celebrated its 15th anniversary and was recognized as the Value Airline 2021 by Air Transport World.
“During the year, we strengthened our position as one of the fastest growing airlines in profitability in the American continent, becoming the second largest airline in the domestic market in Mexico,” said Juan Carlos Zuazua, General Director, Viva Aerobus, via a Mexican Stock Exchange (BMV) press release.
The airline reported that total operating income increased 75.1 percent in comparison to 4Q2019, reaching MX$6.5 billion (US$319 million). The airline attributes its success to capacity growth, increase in unit revenue per passenger and a load factor recovery. It saw over 15 million passengers during 2021, exceeding its pre-pandemic traffic by 27 percent.
The airline also continued to grow its fleet, which allowed it to grow its available seat miles (ASM) by 53.4 percent in comparison to 4Q2019. “Similarly, we continue to grow our fleet, reaching 55 aircraft at the end of the year. We have one of the youngest fleets in North America, with an average age of 5.3 years, for which Viva Aerobus gained a recognition for the Youngest Fleet 2022 from ch-aviation. In 2021, we operated a total of 125 routes, 95 domestic and 30 international,” said Zuazua.
In 4Q2021, Viva Aerobus’s booked passengers increased 40.6 percent compared to 420Q19, for a total of 4.6 million. The airline explained that greater demand in national and international markets helped its recent success. It also reported that net income increased by 119.0 percent in comparison to 4Q2019, to MX$952 million (US$46 million), which reflects an improvement in its net margin, which grew from 11.7 percent to 14.6 percent.
Viva Aerobus also received the ‘Value Airline of the Year’ award at the 47th Annual Air Transport World (ATW) Aviation Industry Awards ceremony in Boston, Massachusetts last year. During the ATW ceremony, Viva Aerobus was also recognized for its commitment to improve the Mexican aviation industry by allowing more people to fly thanks to low fares and land connectivity, as reported by MBN.
“Likewise, it is worth mentioning some important milestones were reached during 2021. We made an agreement for a Commercial Alliance with Allegiant to form a leading alliance in the largest international air market in the world, combining the strong local presence of both airlines and leveraging our strengths to significantly expand our presence in the leisure travel market between the US and Mexico,” said Zuazua.