Mexico’s Volaris sees strong Q3 growth; to start Costa Rica operation
Volaris reported a 2016 Q3 net income of MXP1b (US$55m), down 7.1% from the year-ago period. But the ULCC continued its strong growth path, adding 5 new international routes, growing passenger numbers by 18.9% and increasing non-ticket revenues by 43.4%. Volaris’ total Q3 operating revenue was MXP6.7b for Q3, an increase of 29% year over year. Expenses, however, grew with operating costs per available seat mile increasing 22.9% year over year to MXP131 cents. The carrier faced strong cost headwinds in terms of fuel prices that were up more than 7% and exchange rate volatility. Volaris CE Enrique Beltranena said Wednesday that the company had achieved at “a very high level despite incremental costs” and had “managed profitability very aggressively.” <br/>
https://portal.staralliance.com/cms/news/hot-topics/2016-10-27/unaligned/mexico2019s-volaris-sees-strong-q3-growth-to-start-costa-rica-operation
https://portal.staralliance.com/cms/logo.png
Mexico’s Volaris sees strong Q3 growth; to start Costa Rica operation
Volaris reported a 2016 Q3 net income of MXP1b (US$55m), down 7.1% from the year-ago period. But the ULCC continued its strong growth path, adding 5 new international routes, growing passenger numbers by 18.9% and increasing non-ticket revenues by 43.4%. Volaris’ total Q3 operating revenue was MXP6.7b for Q3, an increase of 29% year over year. Expenses, however, grew with operating costs per available seat mile increasing 22.9% year over year to MXP131 cents. The carrier faced strong cost headwinds in terms of fuel prices that were up more than 7% and exchange rate volatility. Volaris CE Enrique Beltranena said Wednesday that the company had achieved at “a very high level despite incremental costs” and had “managed profitability very aggressively.” <br/>
