Mexico’s Volaris doubles 2Q net profit
Mexican ultra-low-cost carrier Volaris posted net income of MXP935m (US$50m) for Q2, more than doubling its MXP351m net profit reported in 2Q 2015. Volaris said its 2Q results were driven by rising passenger traffic (up 24%) and non-ticket revenue growth (up 34.7%). “These results reflect our ability to stimulate demand with low base fares, successfully switch bus passengers to air travel and further unbundle our product offering,” CE Enrique Beltranena said. Volaris said lower fuel prices during the quarter (down 8.6%) were challenged by the ongoing depreciation of the peso to the dollar. US-dollar dominated costs such as aircraft and engine rent experiences, international airport costs and maintenance expenses put pressure on Volaris’ revenues during the quarter. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2016-07-25/unaligned/mexico2019s-volaris-doubles-2q-net-profit
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Mexico’s Volaris doubles 2Q net profit
Mexican ultra-low-cost carrier Volaris posted net income of MXP935m (US$50m) for Q2, more than doubling its MXP351m net profit reported in 2Q 2015. Volaris said its 2Q results were driven by rising passenger traffic (up 24%) and non-ticket revenue growth (up 34.7%). “These results reflect our ability to stimulate demand with low base fares, successfully switch bus passengers to air travel and further unbundle our product offering,” CE Enrique Beltranena said. Volaris said lower fuel prices during the quarter (down 8.6%) were challenged by the ongoing depreciation of the peso to the dollar. US-dollar dominated costs such as aircraft and engine rent experiences, international airport costs and maintenance expenses put pressure on Volaris’ revenues during the quarter. <br/>
