Mexico’s Volaris reports Q1 net up 96.7%
Volaris reported 2016 Q1 net income of MXP602m (US$34.4m), up 96.7% from a MXP306m profit in the year-ago period. The carrier reported increased passenger demand and lower fuel prices helped achieve the higher net numbers. “The strong passenger demand environment in Q1 of 2016, supported by seasonality, continued fuelling Volaris’ financial results and achieving record Q1 margins,” Volaris CE Enrique Beltranena said. Total operating revenue for Q1 was MXP5.18b, up 37.5%, while expenses increased 27% to MXP4.34b, producing an operating profit of MXP836m, up 141.6% from a MX346m in the prior-year quarter. Traffic rose 35.8% to 5.3b RPKs on a 27.9% increase in capacity to 6.2b ASKs, producing a load factor of 85%, up 5 points. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2016-04-26/unaligned/mexico2019s-volaris-reports-q1-net-up-96-7
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Mexico’s Volaris reports Q1 net up 96.7%
Volaris reported 2016 Q1 net income of MXP602m (US$34.4m), up 96.7% from a MXP306m profit in the year-ago period. The carrier reported increased passenger demand and lower fuel prices helped achieve the higher net numbers. “The strong passenger demand environment in Q1 of 2016, supported by seasonality, continued fuelling Volaris’ financial results and achieving record Q1 margins,” Volaris CE Enrique Beltranena said. Total operating revenue for Q1 was MXP5.18b, up 37.5%, while expenses increased 27% to MXP4.34b, producing an operating profit of MXP836m, up 141.6% from a MX346m in the prior-year quarter. Traffic rose 35.8% to 5.3b RPKs on a 27.9% increase in capacity to 6.2b ASKs, producing a load factor of 85%, up 5 points. <br/>
