Results for the quarter met expectations, but fuel costs rose +85% year over year, with operating margin of 8.7% falling at the lower end of the guidance range.

Revenue increased +25.7% to $1.1 billion, RASM +7.9%, and capacity +16.5%.

Announced an increase to 8 connection waves (March 2027), added a new Porlamar route, and launched Starlink Wi-Fi; took delivery of 4 Boeing 737 MAX 8 aircraft during the quarter.

Full-year guidance calls for operating margin of 17%-19%, capacity growth of 14%-15%, and an expected RASM of +10% in H2.

Management emphasized strong demand, with July load factor near 90%; however, fuel costs remain elevated, with only about 40% of the increase recovered.