Mexican airline Volaris sees consolidation of market gains made in pandemic

Mexican low-cost airline Volaris expects to consolidate much of the market it has gained during the coronavirus pandemic, though annual revenues are unlikely to return to pre-pandemic levels before 2022, the company’s CE said. Volaris in January boasted a 32.5% share of the domestic market and 7.7% of international numbers, according to government data. But it has fared better in the pandemic than major rivals, and by August, Volaris’ share of domestic business was nearly 44%. Its international passenger share had leapt to 18.8%. Volaris President and CEO, Enrique Beltranena, said he expected the company’s rivals to gradually make up some of the ground they lost during the months ahead. But he believed much of the new business would stay. “By the end of 2021 (Volaris) will have roughly 40% of the domestic market, and I’d say about 17 or 16% of the international market,” Beltranena said.<br/>