Volaris posts US$40m Q3 net profit despite natural disasters
Volaris posted its first quarterly profit of 2017, reporting MXN731m (US$40.2m) in Q3 net income, down 27.6% from MXN1b in Q3 2016. “Demand and traffic patterns, despite a competitive fare environment, had been sequentially improving, but in September, natural disasters in Mexico and in the region temporarily interrupted such recovery,” Volaris CE Enrique Beltranena said. In September, the airline faced hurricanes Irma and Maria, plus 2 tropical storms in the Pacific, and 2 earthquakes that affected 11 Mexican states. Volaris canceled 50 flights in 8 airports during the period, which triggered a decline in bookings, the airline said. The airline posted Q3 revenues of MXN6.6b, down 2.2% year-over-year, with non-ticket revenue increasing 18.6% to MXN1.8b, or 27% of Volaris’ total operating revenue. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2017-10-31/unaligned/volaris-posts-us-40m-q3-net-profit-despite-natural-disasters
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Volaris posts US$40m Q3 net profit despite natural disasters
Volaris posted its first quarterly profit of 2017, reporting MXN731m (US$40.2m) in Q3 net income, down 27.6% from MXN1b in Q3 2016. “Demand and traffic patterns, despite a competitive fare environment, had been sequentially improving, but in September, natural disasters in Mexico and in the region temporarily interrupted such recovery,” Volaris CE Enrique Beltranena said. In September, the airline faced hurricanes Irma and Maria, plus 2 tropical storms in the Pacific, and 2 earthquakes that affected 11 Mexican states. Volaris canceled 50 flights in 8 airports during the period, which triggered a decline in bookings, the airline said. The airline posted Q3 revenues of MXN6.6b, down 2.2% year-over-year, with non-ticket revenue increasing 18.6% to MXN1.8b, or 27% of Volaris’ total operating revenue. <br/>
