Mexican airlines Volaris and Viva Aerobus have announced the formation of Grupo Más Vuelos, a corporate structure integrating both without merging their brands or operations. The alliance aims to strengthen their position in the air market with low-cost flights, reaching 86 destinations and 991 daily flights combined. The announcement boosted Volaris shares on the Mexican Stock Exchange.
Volaris and Viva Aerobus, two leading low-cost airlines in Mexico, revealed on December 19, 2025, the creation of Grupo Más Vuelos, a new corporate group unifying their financial structures without altering their individual identities. Each company will maintain independent operations, preserving the passenger experience. Combined, they will operate 86 destinations, 324 routes, and 991 daily flights, with Volaris contributing 425 flights (128 domestic and 97 international) and Viva Aerobus 184 (140 domestic and 44 international).
According to the Federal Civil Aviation Agency (AFAC), this alliance will capture nearly 69% of the Mexican passenger market, transporting around 53 million people annually out of 79 million total. The combined fleet will exceed 250 aircraft, enabling economies of scale such as lower fleet costs and better capital access. The process is subject to regulatory approvals in Mexico, the United States, and other countries, with closure expected in 12 months.
Enrique Beltranena, CEO of Volaris, emphasized: “We estimate that the formation of the new airline group will allow us to boost aviation growth in Mexico, in line with the low-price and point-to-point flight model that has revolutionized our industry over the last two decades.” Juan Carlos Zuazua, CEO of Viva Aerobus, added: “The intention is for this transaction to enable both Viva and Volaris to offer low fares and more point-to-point flights to a greater number of cities in Mexico and abroad, benefiting not only passengers but also local economies and communities.”
The announcement comes amid bilateral tensions, following the U.S. Department of Transportation's revocation of routes in October and Mexico's return of slots in December. Volaris shares rose 14% to 17.1 pesos on the BMV, reflecting investor optimism. This strategic move aims to expand air accessibility in a market with low penetration.
