Saturday 17 October 2026
Export VLRS’s income statement to Excel — free account
Controladora Vuela Compania de Aviacion, S.A.B. de C.V.
VLRS Industrials Airlines
Controladora Vuela Compania de Aviacion, S.A.B. de C.V.’s revenue for fiscal 2025 (year ended December 2025) was $3.0 billion, down 3.32% from fiscal 2024. In the quarter to June 2026, revenue grew 24.0%, EPS fell 101.8%, free cash flow grew 100.0% and total debt fell 6.74%, each against the same quarter a year earlier.
5.91
0.08
−1.34%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend | 2026e | 2027e | 2028e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price, $ | |||||||||||||||
| Price, $ | Low | 13.71 | 7.95 | 4.87 | 5.24 | 2.94 | 10.62 | 6.86 | 5.52 | 5.15 | 3.49 |
Analyst estimates 2026–2028 Powerpack |
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| High | 21.90 | 16.00 | 9.31 | 11.50 | 13.48 | 23.58 | 21.23 | 15.05 | 9.57 | 9.99 | |||||
| People | |||||||||||||||
| People | Employees | 4,550 | 4,752 | 4,600 | 4,950 | 4,846 | 6,714 | 7,364 | 7,198 | 6,901 | 7,098 | ||||
| Revenue/emp, $m | 0.28 | 0.26 | 0.30 | 0.37 | 0.23 | 0.33 | 0.39 | 0.45 | 0.46 | 0.43 | |||||
| Income, $m | |||||||||||||||
| Income, $m | Revenue | 1,260 | 1,259 | 1,387 | 1,844 | 1,111 | 2,200 | 2,847 | 3,259 | 3,142 | 3,038 | ||||
| Gross margin, % | 75.58 | 70.80 | 62.88 | 66.55 | 70.03 | 72.30 | 54.37 | 64.25 | 71.55 | 70.85 | |||||
| EBT | 267 | (38) | (47) | 198 | (286) | 137 | (132) | 7 | 183 | (118) | |||||
| EBT margin, % | 21.17 | (3.04) | (3.37) | 10.74 | (25.72) | 6.23 | (4.65) | 0.23 | 5.81 | (3.89) | |||||
| Net income | 267 | (38) | (47) | 198 | (286) | 137 | (80) | 8 | 126 | (104) | |||||
| Depreciation | 29 | 28 | 25 | 285 | 298 | 326 | 418 | 496 | 593 | 657 | |||||
| Per share, $ | |||||||||||||||
| Per share, $ | Revenue | 12.45 | 12.44 | 13.71 | 18.22 | 10.87 | 19.10 | 24.65 | 28.27 | 27.30 | 26.43 | ||||
| Earnings | 1.68 | (0.30) | (0.35) | 1.38 | (2.11) | 0.88 | (0.69) | 0.07 | 1.10 | (0.91) | |||||
| Cash flow | 0.52 | 0.49 | 0.28 | 4.99 | 2.14 | 6.82 | 5.31 | 6.33 | 9.47 | 6.52 | |||||
| Capex | (0.93) | (1.24) | (1.03) | (1.36) | (0.87) | (1.55) | (3.05) | (4.25) | (5.07) | (2.29) | |||||
| Free cash flow | (0.41) | (0.75) | (0.75) | 3.63 | 1.27 | 5.27 | 2.27 | 2.08 | 4.40 | 4.23 | |||||
| Book value | 5.72 | 5.09 | 4.61 | 2.90 | 1.37 | 2.72 | 2.03 | 2.10 | 3.17 | 2.30 | |||||
| Shares, m | 101 | 101 | 101 | 101 | 102 | 115 | 116 | 115 | 115 | 115 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | 8.29 | 0.00 | 0.00 | 7.66 | 0.00 | 43.24 | 0.00 | 150.17 | 6.76 | 0.00 | ||||
| P/S | 1.20 | 0.66 | 0.39 | 0.57 | 1.14 | 9.46 | 0.32 | 0.32 | 0.27 | 0.34 | |||||
| P/B | 2.61 | 1.61 | 1.16 | 3.59 | 9.05 | 67.16 | 3.83 | 4.28 | 2.35 | 3.87 | |||||
| EV/Sales | 0.91 | 0.44 | 0.27 | 0.46 | 0.88 | 9.23 | 0.14 | 0.23 | 0.15 | 0.22 | |||||
| EV/FCF | (27.33) | (7.40) | (5.00) | 2.33 | 7.52 | 36.77 | 2.27 | (3.72) | (0.74) | (0.71) | |||||
| Cash, $m | |||||||||||||||
| Cash, $m | Operating cash flow | 52 | 50 | 29 | 505 | 219 | 785 | 614 | 730 | 1,090 | 750 | ||||
| Capex | (94) | (125) | (105) | (137) | (89) | (178) | (352) | (490) | (584) | (263) | |||||
| Free cash flow | (42) | (75) | (76) | 367 | 129 | 607 | 262 | 240 | 506 | 487 | |||||
| Balance, $m | |||||||||||||||
| Balance, $m | Working capital | 196 | 98 | (3) | (276) | (329) | (273) | (354) | (374) | (388) | (523) | ||||
| Total debt | 107 | 176 | 179 | 264 | 268 | 305 | 273 | 653 | 810 | 703 | |||||
| Net debt | (364) | (269) | (162) | (198) | (295) | (515) | (503) | (284) | (371) | (349) | |||||
| Shareholders’ equity | 579 | 515 | 466 | 293 | 140 | 313 | 235 | 243 | 365 | 264 | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | 18.36 | (2.60) | (3.04) | 6.23 | (6.35) | 2.88 | (1.90) | 0.16 | 2.33 | (1.83) | ||||
| ROIC | 42.74 | 0.24 | (9.20) | 151.92 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||
| ROE | 38.69 | (5.51) | (7.07) | 36.88 | (99.28) | 46.97 | (29.29) | 3.28 | 41.61 | (33.05) | |||||
Negative figures in brackets.
Fiscal years to Dec 2025 · latest quarter Jun 2026
Charts ten years each
Controladora Vuela Compania de Aviacion, S.A.B. de C.V. vs peers in Airlines (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| SKYW SkyWest, Inc. | $3.6B | 8.9× | 7.8× | +6.52% (above 0%: growing) | −14.43% (below 0%: shrinking) | +122.47% (above 0%: growing) | 69.52% | 14.13% | Compare |
| AERO Grupo Aeromexico SAB DE CV - Sponsored ADR | $2.2B | 8.4× | 9.1× | +6.26% (above 0%: growing) | n/m | +81.61% (above 0%: growing) | 66.60% | 4.53% | Compare |
| ALGT Allegiant Travel Company | $1.9B | 47.2× | 32.8× | +36.86% (above 0%: growing) | n/m | −610.56% (below 0%: shrinking) | 24.77% | 2.24% | Compare |
| JBLU JetBlue Airways Corporation | $1.2B | — (loss-making) | — (loss-making) | +14.47% (above 0%: growing) | n/m | −4.95% (below 0%: shrinking) | 51.32% | (5.23%) | Compare |
| ULCC Frontier Group Holdings, Inc. | $1.2B | — (loss-making) | — (loss-making) | +37.67% (above 0%: growing) | n/m | +183.13% (above 0%: growing) | 24.71% | (7.58%) | Compare |
| RJET Republic Airways Holdings Inc. | $762.7M | 10.5× | 1.3× | +40.80% (above 0%: growing) | −9.33% (below 0%: shrinking) | +184.09% (above 0%: growing) | 76.12% | 10.28% | Compare |
| VLRS Controladora Vuela Compania de Aviacion, S.A.B. de C.V. | $688.6M | — (loss-making) | — | +23.95% (above 0%: growing) | n/m | +100.00% (above 0%: growing) | 59.60% | (11.53%) | |
| SRFM Surf Air Mobility Inc. | $124.2M | — (loss-making) | — (loss-making) | +7.58% (above 0%: growing) | n/m | +28.64% (above 0%: growing) | 0.21% | (63.70%) | Compare |
| FLYX flyExclusive, Inc. | $120.5M | — (loss-making) | — (loss-making) | +21.67% (above 0%: growing) | n/m | −62.48% (below 0%: shrinking) | 20.42% | (5.18%) | Compare |
| Median of peers | $1.2B | 9.7× | 8.4× | +18.07% | — | +55.13% | 38.05% | (1.47%) |
Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (VLRS) key facts
- Concern: Controladora Vuela Compania de Aviacion, S.A.B. de C.V.’s revenue for fiscal 2025 (year ended December 2025) was $3.0 billion, down 3.32% from fiscal 2024.
- Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (VLRS) is an Airlines company in the Industrials sector, listed on the New York Stock Exchange.
- As of October 16, 2026, VLRS traded at $5.91, a market capitalization of $688.6 million.
- Return on equity was −33.1% and debt-to-equity 10.18.
- Its Piotroski F-score is 4 out of 9 and its Altman Z-score is 0.33 (distress zone) for fiscal 2025.