HOUSTON, Sept. 8, 2025 /PRNewswire/ — Avelo Airways, America’s ultra-convenient low-fare airline, at present introduced it has closed on a brand new spherical of serious progress capital to assist its continued enlargement throughout the US and the Caribbean.
This financing spherical represents the only largest funding in Avelo Airways because the firm’s preliminary Sequence A funding. This funding from a brand new accomplice underscores sturdy confidence in Avelo’s differentiated enterprise mannequin and monitor report because the airline’s launch in 2021. The proceeds might be used to fund progress in its scheduled service operation, make focused expertise investments, and improve the general Buyer expertise.
Avelo Airways Founder and CEO Andrew Levy stated, “As we speak marks one other vital milestone for Avelo. This new capital strengthens our liquidity place and positions us to proceed delivering dependable, inexpensive journey choices to tens of millions of Clients who’re underserved by different carriers. This funding comes at a pivotal time within the home airline {industry} and can permit Avelo to double down on an addressable market that’s too usually being priced out by larger fare airways.”
Avelo lately closed the books on July, representing the corporate’s fourth totally allotted revenue over the past 5 months, following roughly breakeven working earnings in 2024 with no particular objects and no sale leaseback proceeds. Avelo’s core margins and money place proceed to enhance organically, pushed by income diversification initiatives and market maturation in our scheduled service operation. Later this yr Avelo expects to launch a singular loyalty program, a co-branded bank card, and different third-party ancillary income initiatives which have confirmed worth to airline profitability.
America’s Most Dependable and Handy AirlineSince retreating on April 28, 2021, Avelo has flown almost eight million Clients on greater than 62,000 flights. As we speak Avelo serves 47 cities spanning 18 states and Puerto Rico, in addition to three worldwide locations: Jamaica, Mexico, and the Dominican Republic.
Avelo has unlocked a brand new period of comfort, alternative, and competitors by flying to primarily underserved communities throughout the nation. Most Avelo routes embody not less than one small, handy airport. This makes touring with Avelo a smoother, simpler, and extra pleasing expertise than contending with the crowds, congestion, and lengthy walks at bigger airports.
Avelo is distinguished by its industry-leading reliability. In 2024, Avelo ranked #1 in on-time efficiency and achieved the bottom flight cancellation fee within the U.S. airline {industry}. These outcomes are offered by Anuvu, a number one aviation knowledge providers firm additionally utilized by The Wall Avenue Journal for the publication’s annual airline rating. Anuvu’s full {industry} outcomes and rankings can be found at AveloAir.com.
Avelo additionally delivers world-class buyer satisfaction, exemplified by our Web Promoter Scores (NPS), which persistently rank among the many finest airways and most admired manufacturers on the earth.
Avelo affords a variety of seating choices. These embody Customary, Stretch, and Stretch+ seating. Stretch offers further legroom, with pitch starting from 32 inches to over 36 inches. Stretch+ contains a distinctive improve the place the center seat is blocked for added consolation and area. Clients can even buy window and aisle seats prematurely of their flight. Along with advance seat assignments, Avelo affords a number of unbundled travel-enhancing choices that give Clients the pliability to pay just for what they worth, together with precedence boarding, checked baggage, carry-on overhead baggage, and a pet within the cabin.
Moreover, households can journey with ease realizing each youngster 14 and beneath might be routinely seated with an accompanying grownup at no further value.
