Controladora Vuela Compañía de Aviación (VLRS)

• Market cap: $948M
• 1 day: -2.60%
• 5 days: 2.74%
• 1 month: -1.67%
• 3 months: 19.25%
• 6 months: 24.28%
• Year to date: 11.35%
• 1 year: 5.78%
• 5 years: -27.72%
• 10 years: -14.35%

About: Controladora Vuela Compania de Aviacion SAB de CV is a low-cost airline flying to Mexico, the United States, Central and South America. It currently operates up to 500 average daily flight segments on routes that connect 44 cities in Mexico as well as 22 cities in the United States, four in Central America and two in South America. It uses promotional fares to stimulate demand and the base fares are priced to compete with long-distance bus fares in Mexico. Revenues from the air transportation of passengers are recognized earlier when the service is provided or when the non-refundable ticket expires at the date of the scheduled travel. Non-passenger revenues include revenues generated from other non-passenger revenues and cargo services.

Employees: 7,198

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

22% more repeat investments, than reductions

Existing positions increased: 28 | Existing positions reduced: 23

8% more capital invested

Capital invested by funds: $311M [Q2] → $336M (+$25M) [Q3]

0.35% more ownership

Funds ownership: 4.19% [Q2] → 4.54% (+0.35%) [Q3]

7% less funds holding

Funds holding: 84 [Q2] → 78 (-6) [Q3]

25% less funds holding in top 10

Funds holding in top 10: 4 [Q2] → 3 (-1) [Q3]

27% less first-time investments, than exits

New positions opened: 11 | Existing positions closed: 15

81% less call options, than puts

Call options by funds: $47K | Put options by funds: $249K

Research analyst outlook

4 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $12 46% upside
• Avg. target: $14 70% upside
• High target: $17 106% upside

4 analyst ratings

• positive: 4 100%
• neutral: 0 0%
• negative: 0 0%

UBS Alberto Valerio 50% 1-year accuracy 2 / 4 met price target	70% upside $14	Buy Maintained	7 Jan 2025
JP Morgan Fernando Abdalla 100% 1-year accuracy 3 / 3 met price target	106% upside $17	Overweight Maintained	12 Nov 2024
Barclays Pablo Monsivais 43% 1-year accuracy 3 / 7 met price target	46% upside $12	Overweight Maintained	24 Oct 2024
TD Cowen Helane Becker 85% 1-year accuracy 22 / 26 met price target	58% upside $13	Buy Maintained	22 Oct 2024