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Mexico’s Volaris Defers All 2009 Deliveries  
User currently offlineJuventus From United States of America, joined Dec 2004, 2835 posts, RR: 2
Posted (5 years 7 months 3 weeks 4 days 13 hours ago) and read 2809 times:

Mexico's Volaris will not take anymore Airbuses during 2009, the next delivery is now schedule for 2010. Their number stands at 21.

Personally, I think its a prudent move


http://www.flightglobal.com/articles...-all-2009-aircraft-deliveries.html

14 replies: All unread, jump to last
 
User currently offlineSJOtoLIR From Costa Rica, joined Jul 2007, 4549 posts, RR: 4
Reply 1, posted (5 years 7 months 3 weeks 4 days 10 hours ago) and read 2665 times:

Rumor has it that both Volaris and Taca may extend their cooperation services adding flights to their respective hubs.
Based on this perspective, the mentioned statement may be stopped in the short-term.

Regards.



"Goin' up to the spirit in the sky"
User currently offlineFyano773 From Mexico, joined Mar 2004, 784 posts, RR: 1
Reply 2, posted (5 years 7 months 3 weeks 4 days 7 hours ago) and read 2566 times:

Interesting article, thanks for sharing Juventus.

Yeah, overcapacity and the current downturn in the markets are the causes, but fuel hedges are the main reason for these deferrals and have become a costly gamble for Volaris and others.

Volaris has lost about 70M after hedging its fuel needs at an average of 120 USD per barrel, so expansion plans and new airplane deliveries are halted.

Hope they recover....

Regards,

Fyano


User currently offlineNjdevilsin03 From United States of America, joined Apr 2004, 731 posts, RR: 0
Reply 3, posted (5 years 7 months 3 weeks 4 days 7 hours ago) and read 2564 times:

Does this delay or cancel the FLL service?


717, 727, 731, 732, 733, 734, 735, 73G, 738, 752, 753, 762, 763, 777, DC9, MD80, DC10, L1011, ERJ, CRJ, ATR, DH8, A300,
User currently offlineRojo From Spain, joined Sep 2000, 2466 posts, RR: 9
Reply 4, posted (5 years 7 months 3 weeks 4 days 7 hours ago) and read 2529 times:



Quoting Njdevilsin03 (Reply 3):
Does this delay or cancel the FLL service?

As I said in the Volaris to FLL tread, the airline will not start service to FLL this year...


User currently offlineNAVEGA From United States of America, joined Nov 1999, 741 posts, RR: 0
Reply 5, posted (5 years 7 months 3 weeks 4 days 7 hours ago) and read 2518 times:



Quoting Fyano773 (Reply 2):
Volaris has lost about 70M after hedging its fuel needs at an average of 120 USD per barrel, so expansion plans and new airplane deliveries are halted.

Fyano,

Do you know if Aeromexico or Mexicana also gambled on fuel Hedging. This will definately have an impact on any airline in Mexico that did so.


User currently offlineJuventus From United States of America, joined Dec 2004, 2835 posts, RR: 2
Reply 6, posted (5 years 7 months 3 weeks 4 days ago) and read 2406 times:



Quoting NAVEGA (Reply 5):
Do you know if Aeromexico or Mexicana also gambled on fuel Hedging. This will definately have an impact on any airline in Mexico that did so.

Fuel hedges seem to be a costly gamble, its hurting airlines everywhere in the world. Everyday I read aviation news, there's always at least one airline complaining about fuel hedges, never fails...

As far as Volaris, no airplanes for 2009, and possibly no expansion at all??


User currently offlineCandid76 From United Kingdom, joined Apr 2005, 739 posts, RR: 4
Reply 7, posted (5 years 7 months 3 weeks 4 days ago) and read 2382 times:



Quoting Juventus (Reply 6):
Fuel hedges seem to be a costly gamble, its hurting airlines everywhere in the world. Everyday I read aviation news, there's always at least one airline complaining about fuel hedges, never fails...

And they expect us to be sympathetic, and some will expect us pax to pay fuel surcharges to cover their gambling losses. If I go to Vegas and lose, or put all my salary on a horse, and lose, I wouldn't expect someone else to pay.

I hope the airlines learn a big lesson from this.


User currently offlineAstuteman From United Kingdom, joined Jan 2005, 10111 posts, RR: 97
Reply 8, posted (5 years 7 months 3 weeks 4 days ago) and read 2374 times:
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Quoting Juventus (Thread starter):
Mexico's Volaris will not take anymore Airbuses during 2009

It would appear from that article that this "moratorium" affects 3 X A32X deliveries due this year..

Rgds


User currently offlineKogge From Germany, joined Nov 2007, 75 posts, RR: 0
Reply 9, posted (5 years 7 months 3 weeks 3 days 23 hours ago) and read 2342 times:

And the same for Interjet. Some A320 originally intended for them in 2009 have been re-allocated to another customer. No more Interjet 320 in the next two years it looks...


Flown in Caravelle, Coronado, Friendship, Fellowship, Herald, Heron, One-Eleven, Trident, Viscount & others
User currently offlineJuventus From United States of America, joined Dec 2004, 2835 posts, RR: 2
Reply 10, posted (5 years 7 months 3 weeks 3 days 23 hours ago) and read 2319 times:



Quoting Kogge (Reply 9):
And the same for Interjet. Some A320 originally intended for them in 2009 have been re-allocated to another customer. No more Interjet 320 in the next two years it looks...

No more for Interjet in the next two years?? wow did not know that

For many airlines around the world, in this economic environment its all about trying to turn a small profit or at least keeping looses to a minimun. Expanding the fleet or route network has taken a back seat. Logical move


User currently offlineFyano773 From Mexico, joined Mar 2004, 784 posts, RR: 1
Reply 11, posted (5 years 7 months 3 weeks 1 day 5 hours ago) and read 1996 times:

Quoting NAVEGA (Reply 5):
Quoting Fyano773 (Reply 2):
Volaris has lost about 70M after hedging its fuel needs at an average of 120 USD per barrel, so expansion plans and new airplane deliveries are halted.

Fyano,

Do you know if Aeromexico or Mexicana also gambled on fuel Hedging. This will definately have an impact on any airline in Mexico that did so.

I really don't know, but I don't think so, otherwise it would have been disclosed publicly; besides, MX and AM will receive several aicrafts in the next months unlike Volaris and InterJet that are slowing down deliveries.

Note that airlines in good shape like ANA, Southwest and others decided to hedge their fuel needs. I am not so sure if AM and MX were willing to do that.

Fyano

[Edited 2009-03-05 23:36:55]

[Edited 2009-03-05 23:47:46]

User currently offlineEddieDude From Mexico, joined Nov 2003, 7592 posts, RR: 42
Reply 12, posted (5 years 7 months 3 weeks 16 hours ago) and read 1829 times:



Quoting Fyano773 (Reply 11):
really don't know, but I don't think so, otherwise it would have been disclosed publicly;

Well, in the case of Mexicana maybe, since their parent Posadas is publicly traded and therefore all relevant information needs to be disclosed. In AM's case, if the hedging started after the delisting, there is no reason for anyone to know if the company decided not to make that information public.

Quoting Fyano773 (Reply 11):
airlines in good shape like ANA, Southwest and others decided to hedge their fuel needs. I am not so sure if AM and MX were willing to do that.

Well, it really depends on the price at which they hedged. It could have also gone awfully wrong.



Next flights: MEX-GRU (AM 77E), GRU-GIG (JJ A320), SDU-CGH (G3 73H), GRU-MEX (JJ A332).
User currently offlineGhost77 From Mexico, joined Mar 2000, 5224 posts, RR: 51
Reply 13, posted (5 years 7 months 3 weeks 16 hours ago) and read 1821 times:



Quoting NAVEGA (Reply 5):
Do you know if Aeromexico or Mexicana also gambled on fuel Hedging. This will definately have an impact on any airline in Mexico that did so.

MX didn't...

Y4 and AM were the only two Mexican carriers that went for the fuel hedging...

g77



Ricardo Morales - flyAPM - ¡No es que maneje rapido, solo estoy volando lento!
User currently offlineFyano773 From Mexico, joined Mar 2004, 784 posts, RR: 1
Reply 14, posted (5 years 7 months 3 weeks 8 hours ago) and read 1675 times:



Quoting EddieDude (Reply 12):

Well, in the case of Mexicana maybe, since their parent Posadas is publicly traded and therefore all relevant information needs to be disclosed. In AM's case, if the hedging started after the delisting, there is no reason for anyone to know if the company decided not to make that information public.

Volaris is not a public company, nevertheless this hedging issue was reported by the media, widely; anyway you can see Volaris' reaction and notice in contrast that AM will be receiving 4 or 5 more E190 and 7 ERJ145 in the coming months and 10 73G by next year (perhaps, less than a year).

Fyano


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