Volaris 2016 net profit up 42.8%
Volaris posted a 2016 net profit of MXN3.5b (US$170m), up 42.8% over net income of MXN2.46b in 2015, on a 29.3% year-over-year rise in revenue to MXN20.8b. Volaris announced it would begin charging a fee for the first bag checked on flights between Mexico and the continental US and Puerto Rico starting March 1. Even without the checked bag fee, ancillary revenue rose 12.9% year-over-year in 2016 to MXN381m. The carrier’s 2016 CASM did rise 11.5%, and Volaris said it continues “to experience pressure in US-dollar denominated costs, such as aircraft and engine rent expenses, international airport costs, and maintenance expenses [because of] the depreciation of the Mexican peso.” Volaris’ 2016 expenses increased 32.6% year-over-year to MXN20.8b. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2017-02-20/unaligned/volaris-2016-net-profit-up-42-8
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Volaris 2016 net profit up 42.8%
Volaris posted a 2016 net profit of MXN3.5b (US$170m), up 42.8% over net income of MXN2.46b in 2015, on a 29.3% year-over-year rise in revenue to MXN20.8b. Volaris announced it would begin charging a fee for the first bag checked on flights between Mexico and the continental US and Puerto Rico starting March 1. Even without the checked bag fee, ancillary revenue rose 12.9% year-over-year in 2016 to MXN381m. The carrier’s 2016 CASM did rise 11.5%, and Volaris said it continues “to experience pressure in US-dollar denominated costs, such as aircraft and engine rent expenses, international airport costs, and maintenance expenses [because of] the depreciation of the Mexican peso.” Volaris’ 2016 expenses increased 32.6% year-over-year to MXN20.8b. <br/>
