Mexico City, October 24th, 2018 – Grupo Viva Aerobus, S.A. de C.V. (“Grupo Viva), holding of Aeroenlaces Nacionales, S.A. de C.V. (“VivaAerobus”), the carrier with the lowest costs in Latin America and rates comparable to bus transportation, announced today its earnings results for the third quarter 2018. The figures presented in this report have been prepared in accordance with the International Financial Reporting Standards (IFRS), and are expressed in current nominal Mexican Pesos, unless otherwise stated. Totals may slightly differ from individual sums due to rounding.

3Q18 Highlights
3Q18 Total Operating Revenue rose 25.8%, reaching Ps.2,818 million, vs. Ps.2,240 million recorded in 3Q17 3Q18 capacity measured in available seat kilometers (ASK) reached 3,305 million, up 24.9% vs. Ps.2,646 million in 3Q17
3Q18 revenue per available seat kilometer (RASK) was Ps.85 cents, a slight increase of 0.7% YoY
Cost per available seat kilometer (CASK) increased from Ps.62 cents in 3Q17 to Ps.78 cents this quarter, following a higher passenger traffic and rising fuel costs (partially offset by the incorporation of cutting-edge aircrafts, with smart technologies in fuel consumption)
3Q18 load factor stood at 91.3%, 0.3 pp. higher than the 91.0% recorded in 3Q17
3Q18 EBITDAR amounted to Ps.978 million, down 3.5% when compared to the Ps.1,014 million in 3Q17. This variation is mainly attributed to the surge in fuel costs and higher expenditures in rents and maintenance. EBITDAR margin was 34.7%, 10.5 pp. lower than that in 3Q17
3Q18 Net Income was Ps.226 million, below the Ps.409 million recorded in 3Q17, negatively impacted by the abovementioned factors. 3Q18 net margin stood at 8.0% in 3Q18
At quarter-end, the cash and cash equivalents balance were Ps.1,696 million, up 3.6% when compared to the Ps.1,636 million registered at the same period last year
Grupo Viva Aerobus’ fleet reached 27 aircraft as of quarter-end, comprised by 22 Airbus 320ceo and 5 Airbus 320neo. As of September 30, 2018, Viva Aerobus maintains one of the most modern fleets in the world, with an average age of 4.5 years

Operational Considerations
The Direccion General de Aeronautica Civil (General Direction of Civil Aviation or "DGAC", by its Spanish acronym) reported an 8.6% annual growth in domestic passenger traffic carried by Mexican airlines from January to August 2018. In the same period, Viva Aerobus was the fastest growing airline in the industry, in terms of domestic and total passenger traffic, achieving growth rates of 18.3% and 20.9%, respectively
YTD, Viva Aerobus carried more than 7.3 million passengers (+22.0% vs. the same period last year), and over 2.8 million during 3Q18 (+20.5% vs. 3Q17)
A noteworthy development this quarter was the achievement of a 19.3% share of the passengers carried in the domestic market on August, allowing Viva Aerobus to beat some of its closest competitors for the first time. From January to August 2018, Viva Aerobus' domestic share stood at 18.1%, 1.5 pp. more than the 16.6% share recorded in the same period 2017
At quarter-end, the average cost per gallon of jet fuel was USD$2.13 per gallon, a 34.8% increase when compared to the USD$1.58 at the end of September 2017
In 3Q18, the MXN depreciated 6.38% YoY against the USD, from an average exchange rate of Ps.17.82/USD in 3Q17 to Ps.18.96/USD this quarter