Vuela, a privately owned company headquartered in Ecuador, was founded in 2014 and operates with an estimated 10 employees. The company specializes in media managed services, which includes functioning as a boutique color grading studio based in Quito, Ecuador.
In February, Volaris reported a healthy traffic growth and solid bookings for the spring season. Despite slightly more favorable jet fuel prices, the company's fourth-quarter earnings per share were 26 cents, with a revenue of $667.6 million.