Mexico's top budget airline has big growth plans

Volaris saw a sharp decline in profitability in 2014, but it bounced back quickly, reporting record results last year. With the company now generating a healthy profit margin, Volaris is looking to capitalise on the numerous growth opportunities ahead of it. Air travel has been rising rapidly in Mexico in recent years. Total passenger volume grew 12.3% in 2015, following 3 consecutive years of 8.3% annual growth. Volaris has played a big role in stimulating this demand growth by significantly reducing the cost of airline tickets in Mexico. The rise of the middle class is also helping. Volaris' management believes that the Mexican air travel market will continue growing at a rapid rate for the foreseeable future. In 2014, the number of air trips per capita was more than 8 times higher in the US than in Mexico. <br/>