2Q 2021 ResultsJuly 16, 2021

Disclaimer

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This presentation was prepared by Controladora Vuela Compañía de Aviación, S.A.B. de C.V., (d/b/a Volaris, the "Company") with the purpose of providing interested parties certain financial

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completeness. This presentation should be read in conjunction with the base prospectus included in the registration statement, and the related prospectus supplement (including any

information incorporated by reference therein), filed by Volaris with the Securities and Exchange Commission (the "SEC") in connection with the offering to which this presentation relates.

You may get these documents by visiting EDGAR on the SEC website (www.sec.gov).

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Neither the SEC, the Mexican National Banking and Securities and Commission nor any other authority has approved or disapproved the information contained in this presentation, its

accuracy or completeness.

All rights reserved

2Q 2021 Key messages

Healthy capacity expansion; 14% higher than 2Q 2019 ASMs

Record high EBITDAR Margin at 41%; 13 pp higher than 2Q 2019

Record high TRASM; 22% higher than 2Q 2019

Solid cash generation; $532 million in cash & equivalents in 2Q 2021

Strong growth cycle; +25 aircraft net in the next 18 months

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Record high TRASM: improved base fare and high load factors

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Capacity

increase

Cost

reduction

Low

base

fares

More

customers

More

ancillaries

Resilient ULCC

Business

Model, Ready

for Next Stage

of Growth

CASM ex-fuel

(USD cents)

2Q 2021: 4.222Q 2019: 3.89

Average base fare

(USD)

2Q 2021: 552Q 2019: 50Passengers

2Q 2021: 6.2M

2Q 2019: 5.7M

Ancillaries

(% of total revenues)

2Q 2021: 42%2Q 2019: 35%

ASMs Growth

2Q 2021: 14%2Q 2019: 22%

TRASM

(MXN cents)

2Q 2021: 1652Q 2019: 136

All rights reserved 5Source: Volaris and Our World in Data

Volaris’ recovery by market – passengers booked(Apr’20-Jun’21 vs. Feb’20 LTM)

Solid demand: better trends in US and domestic markets

Share of population vaccinated against CoVID-19Share of people fully vaccinated Share of people with 1 dose

47.9% 7.4% 55.3%

16.4% 11.7% 28.1%

As of July 14, 2021

Mexico population with

at least one dose

The U.S. population

with at least one dose

Jan’20 Aug’20 Nov’20 Feb’21 Jul. 14, 2021

New CoVID-19 cases per million people(Rolling 7-day average)

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Mexico remains an underpenetrated market

with most of its growth coming from Volaris…… with huge bus-switching opportunities… … and an emerging middle-class

Source: World Bank, INEGI, SCT and CONAPO

Market levers for further growth

Growing young population in an underpenetrated market

Huge bus market subject to bus-switching

Consolidation of a middle-class, young population

Air Trips per Capita

World (2019) = 0.6

Sources of growth

Bus-to-Air Market Potential(million passengers)

Mexican

Bus

Market

Volaris Growth

1.7%

(CAGR)

Mexican Socioeconomical Profile (%)

20252010

Efforts to switch Mexican travelers from bus to air are paying off

Strong operations: commitment with highest safety standards

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Operating Statistics

OTP +15

Metrics

5.7 m

2Q 2021

13.10 hrs

Self check in

Schedule reliability

Aircraft utilization

80.8%

Average daily flights

Passengers

78%

383

2Q 2019

6.2 m

12.95 hrs

88.3%

80%

425

ASMs / aircraft / day(Total fleet)

863 k

99.4%

881 k

99.0%

Fleet (EoP) 7892

(Total fleet, block hours)

Financial highlights: record high TRASM and EBITDAR

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4.22¢ USD(+8% 2Q 2019)

Total Revenue

Net Debt/EBITDAR

Net Income

EBITDAR

Cash PositionDaily Cash Generation

11.5 B MXN(+38% 2Q 2019)

165¢ MXN(+22% 2Q 2019)

CASM ex-fuelTRASM

4.7 B MXN(+103% 2Q 2019)

1.5 B MXN(+1,188% 2Q 2019)

4.5x(Unch 2Q 2019)

1.2 M USD(+85% 2Q 2019)

532 M USD(+25% 2Q 2019)

2026GOALS

(vs 2015)

-23%Emissions of gCO2/RPK

-22%Jet Fuel consumption

2020 Results(vs 2015)

Volaris Today Achievements

Commitment to sustainability: working on our 2026 goals

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12.5%Emissions of gCO2/RPK

35.8Million gallons of fuel saved

ISO 14001Certified

Environmental and Quality

Management Systems

1st yearParticipant of the Index

MILA Pacific Alliance

92 aircraft39% A320neo fleet with

high-density

configuration(more efficient fuel burn)

33,274Certified carbon credits

procured

June 2021Member of S&P/BMV Total

Mexico ESG Index

Strategic growth: ambitious expansion fleet plan

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2019 2020 2021E 2022E

CEO NEO

Fleet Plan (EoY)

113

8186

101

Volaris has transported +145 million passengers

since inception and almost +20M since CoVID-19 started

Volaris currently has a fleet of 92 aircraft

with an average age of 5.4 years

New routes to Colombia

54%

35%28%45%

46%55%65%72%

Compelling opportunity: focus on sustainable growth

The lowest CASM always wins and Volaris is among the few Top Tier lowest cost airlines in the world

Winning value proposition, demographics and bus to air substitution strategy fuels long term growth

Ancillary revenue focus and point-to-point network support market leadership and stimulation (“air travel accessible to all”)

Current market opportunities and VFR resilience enabled fast recovery (ASMs) during CoVID-19 and increased market share

Single and flexible fleet, with A320neo additions, combined with variable stakeholder contracts provide a unique toolset to capitalize on sustainable growth

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Proven ability to maintain reliable operations, control costs and solid liquidity position Volaris to deliver ROIC

INVESTOR RELATIONS

María Elena Rodríguez

Félix Martínez

+52 55 5261-6444

ir@volaris.com

ir.volaris.com

Enrique Beltranena

President & CEO

Jaime Pous

CFO

Holger Blankenstein

Airline EVP