United states securities and exchange commission

Passenger Revenue. The 25.9% increase in passenger revenue in 2016 was primarily due to growth in ASM capacity resulting from the incorporation of 13 new net aircraft and our demand stimulation strategies. Our traffic as measured in terms of RPMs increased by 23.9% in 2016, also resulted from the increase in our fleet size. Additionally, our average ticket revenue per booked passenger increased 0.7% year over year.

Non-ticket Revenue. The 41.3% increase in non-ticket revenue in 2016 was primarily due to higher volume of passengers electing to purchase non-ticket items. Additionally, we continued executing our fare unbundling and demand stimulation strategies.

2014 compared to 2015

 

		For the years ended December 31,
		2014				2015				Variation
		(In thousands of pesos, except for % and operating data)
Operating Revenues
Passenger			11,303,327				14,130,365				2,827,038				25.0	%
Non-ticket			2,733,415				4,049,339				1,315,924				48.1	%
Total operating revenues			14,036,742				18,179,704				4,142,962				29.5	%
Operating Data
Capacity (in ASMs in thousands)			11,829,865				14,052,298				2,222,433				18.8	%
%Load factor booked			82	%			82	%			—				0.1p	p
Booked passengers (in thousands)			9,809				11,983				2,174				22.2	%
Average ticket revenue per booked passenger			1,152				1,181				29				2.5	%
Average non-ticket revenue per booked passenger			279				338				59				21.3	%
Revenue passenger miles (RPMs in thousands)			9,722,538				11,561,859				1,839,321				18.9	%

Passenger Revenue. The 25.0% increase in passenger revenue in 2015 was primarily due to growth in ASM capacity resulting from the incorporation of six new net aircraft. Our traffic as measured in terms of RPMs increased by 18.9% in 2015, also resulted from the increase in our fleet size. Additionally, our average ticket revenue per booked passenger increased 2.5%.

Non-ticket Revenue. The 48.1% increase in non-ticket revenue in 2015 was primarily due to the higher volume of passengers electing to purchase non-ticket items. Additionally, we continued implementing dynamic pricing strategies and launching new products, such as a fast pass and rental car on board.

 

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Operating Expenses, net

2015 compared to 2016

 

		For the years ended December 31,
		2015				2016				Variation
		(In thousands of pesos, except for %)
Other operating income			(193,155	)			(496,742	)			(303,587	)			>100	%
Fuel			4,721,108				5,741,403				1,020,295				21.6	%
Aircraft and engine rent expense			3,525,336				5,590,058				2,064,722				58.6	%
Landing, take-off and navigation expenses			2,595,413				3,272,051				676,638				26.1	%
Salaries and benefits			1,902,748				2,419,537				516,789				27.2	%
Sales, marketing and distribution expenses			1,088,805				1,413,348				324,543				29.8	%
Maintenance expenses			874,613				1,344,110				469,497				53.7	%
Other operating expenses			697,786				952,452				254,666				36.5	%
Depreciation and amortization			456,717				536,543				79,826				17.5	%
Total operating expenses, net			15,669,371				20,772,760				5,103,389				32.6	%