Volaris Q3 net profit more than doubles over 2019 level

Mexican ultra-low-cost carrier Volaris reports strong earnings during the third quarter of 2021 as tourists flocked to the country in greater numbers, and more domestic passengers chose to travel by air. The Mexico City-based airline says net profit rose to Ps1.5b ($73.9m) during the three-month period that ended on 30 September, more than doubling its profit of Ps713m in 2019. The carrier says revenue rose 35% over 2019 levels, to Ps12.8b, due to “higher capacity, healthy load factors and stronger unit revenue per passenger”. “We demonstrated, again, Volaris’ agility and ability to adapt to a challenging demand environment by redeploying capacity to the appropriate markets and by stimulating demand,” says chief executive Enrique Beltranena. “Moreover, we delivered strong quarterly results in line with the ambitious goals we had set for the third quarter. Our ultra-low-cost business model has proven resilient in difficult times and continues to have significant room for further growth.”<br/>