Mexico’s Volaris Reports Q2 Net Loss

Mexico City-based ultra-low-cost carrier (ULCC) Volaris reported a 520-milion-peso ($29 million) net loss for the 2017 second quarter, reversed from the airline’s 935-million-peso net profit in 2Q 2016.

“We continued to face challenging international market conditions, although [we are] sequentially improving,” Volaris CEO Enrique Beltranena said. Volaris’ second-quarter net loss was less than half of the company’s 1.4-billion-peso net loss in the 2017 March …

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