03:56 AM EDT, 06/07/2024 (MT Newswires) -- Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (VLRS), or Volaris, reported late Thursday a 16% decline in passenger demand on a capacity decrease of 18% in May.

For the month of May, passenger demand, measured as revenue passenger miles, fell to 2.36 billion; capacity, measured as available seat miles, decreased to 2.74 billion, while load factor gained 1.6 percentage points to 86.1%, the budget carrier said.

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